Plan5500

Franklin, NC Form 5500 retirement and benefit plan filings

City Form 5500 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, Franklin, NC has 12 loaded benefit plan(s) reported by 6 plan sponsor(s), with $81,688,241 in total reported end-of-year plan assets across loaded filings. The latest loaded Form 5500 filing year is 2023.

Loaded plans
12
Plan sponsors
6
Latest filing year
2023

What stands out in Franklin

  • 12 loaded plans hold $81.7M in reported assets across 6 sponsors.
  • The largest, Drake Software LLC 401(K) Plan, holds 75% of reported Franklin plan assets.
  • Plans cover 3,598 participants — about 300 per plan.
  • 42% of loaded plans report full Schedule H/I financial statements.
  • 33% report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$81.7MSummed across loaded plans$81,688,241
Total reported assets$81.7M$81,688,241
Total reported participants3.6K3,598
Total reported liabilities$0

Reported net position

Reported assets = net assets + liabilities (summed)$81.7M total assets
Net assets$81.7MLiabilities$0
Contributions & income
Employer contributions$4.1M
Participant contributions$7.5M
Total income / additions$22.1M
Expenses & distributions
Benefits paid / distributions$7.8M
Total expenses$8.1M
Net increase / (decrease)$13.9M

Data coverage

Plans with financial statements5 / 12 (42%)
Plans with provider compensation4 / 12 (33%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for Franklin, NC plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Franklin market comparison

Largest plan share of assets75%Drake Software LLC 401(K) Plan
Participants per plan300Average across loaded plans
Plan sponsors6
Ranked by reported assets

Largest loaded plans in Franklin

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Drake Software LLC 401(K) Plan$60.9M
    Drake Software · 2023
  2. 2
    Drake Enterprises, Ltd 401(K) Plan$9.5M
    Drake Enterprises, Ltd · 2023
  3. 3
    Tektone 401(K) And Profit Sharing Trust$8.2M
    Tektone Sound & Signal Mfg., Inc. · 2023
  4. 4
    Macon Program For Progress, Inc. 401(K) Retirement$3M
    Macon Program For Progress Inc · 2023
  5. 5
    To Blave Enterprises Inc. Retirement Plan$50K
    To Blave Enterprises Inc. · 2023
  6. 6
    Health Care Benefits Plan For The Employees Of Dra Enterprises, Ltdnot reported in the loaded dataset
    Drake Enterprises Ltd · 2023
  7. 7
    Drake Enterprises, Ltd Employees Life And Ad&D Planot reported in the loaded dataset
    Drake Enterprises, Ltd · 2023
  8. 8
    Voluntary Benefits Plan For The Employees Of Drake Enterprises, Ltdnot reported in the loaded dataset
    Drake Enterprises, Ltd · 2023
  9. 9
    Voluntary Benefits Plan For The Employees Of Drake Software, LLCnot reported in the loaded dataset
    Drake Software LLC · 2023
  10. 10
    Drake Software LLC Employees Life And Ad&D Plannot reported in the loaded dataset
    Drake Software LLC · 2023
  11. 11
    Huscusson Business Properties, Inc. Employee Benefit Plannot reported in the loaded dataset
    Huscusson Business Properties, Inc. · 2023
  12. 12
    Health Care Benefits Plan For The Employees Of Dra Software, LLCnot reported in the loaded dataset
    Drake Software LLC · 2023

Largest plans in Franklin → · Franklin plans by participants → · Franklin plans with financial data → · Franklin plans with provider compensation → · $1B+ plans in Franklin →

What to inspect next

Frequently asked questions

How many Form 5500 benefit plans are loaded for Franklin, NC?
12 plan(s) reported by 6 sponsor(s) are loaded for Franklin, NC.

Related Form 5500 pages