2023 Form 5500 filing — 1st Franklin Financial 401(K) Retirement Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240804151246NAL0000387201001) for 1st Franklin Financial 401(K) Retirement Plan, reported by 1st Franklin Financial Corporation under EIN 58-0521233 and plan number 003. It reports 1,733 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240804151246NAL0000387201001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- 1st Franklin Financial Corporation
- EIN
- 58-0521233
- Plan number
- 003
- Location
- Toccoa, GA
- Participants
- 1,733
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $102,486,823
- Net assets (EOY)
- $102,486,823
- Employer contributions
- $1,910,985
- Participant contributions
- $6,358,950
- Total income / additions
- $22,895,258
- Benefits paid
- $8,357,318
- Administrative expenses
- $244,682
- Total expenses
- $8,602,000
- Net increase / (decrease)
- $14,293,258
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Schwab Retirement Plan Services,Inc | NONE | $156,483 | not reported in the loaded dataset |
| Aon Hewitt Investment Consulting | NONE | $69,500 | not reported in the loaded dataset |