2023 Form 5500 filing — Franklin Savings Bank 401k 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 20240820051738NAL0005087378001) for Franklin Savings Bank 401k Plan, reported by Franklin Savings Bank under EIN 01-0072660 and plan number 002. It reports 156 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$9.8MReported net assets$9,821,812
Participants156
Provider compensation$1.2K3 Schedule C row(s)$1,200
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240820051738NAL0005087378001
- Plan sponsor
- Franklin Savings Bank
- EIN
- 01-0072660
- Plan number
- 002
- Location
- Farmington, ME
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$9.8M total assets
Net assets$9.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $9,821,812
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,821,812
- Employer contributions
- $79,486
- Participant contributions
- $538,688
- Total income / additions
- $2,339,613
- Benefits paid
- $516,366
- Administrative expenses
- $1,200
- Total expenses
- $518,449
- Net increase / (decrease)
- $1,821,164
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $1,200 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |
| Lpl Financial | ADVISOR | $0 | $0 |