Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, 1st Franklin Financial 401(K) Retirement Plan is a benefit plan reported by 1st Franklin Financial Corporation under EIN 58-0521233 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,733 participants and $102,486,823 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $102,486,823
- Net assets (EOY)
- $102,486,823
- Net assets (BOY)
- $88,193,565
Income & contributions
- Employer contributions
- $1,910,985
- Participant contributions
- $6,358,950
- Total contributions
- $8,504,850
- Total income / additions
- $22,895,258
Expenses & distributions
- Benefits paid
- $8,357,318
- Administrative expenses
- $244,682
- Total expenses
- $8,602,000
- Net increase / (decrease)
- $14,293,258