2023 Form 5500 filing — Franchise Management 401(K) 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 20240927105349NAL0004002098001) for Franchise Management 401(K) Plan, reported by Franchise Management, LLC under EIN 83-2655438 and plan number 001. It reports 740 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927105349NAL0004002098001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Franchise Management, LLC
- EIN
- 83-2655438
- Plan number
- 001
- Location
- Florence, KY
- Participants
- 740
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,823,678
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,823,678
- Employer contributions
- $455,200
- Participant contributions
- $375,474
- Total income / additions
- $1,213,005
- Benefits paid
- $185,702
- Administrative expenses
- $56,059
- Total expenses
- $241,761
- Net increase / (decrease)
- $971,244
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Latitude Service Company, Inc. | NONE | $27,753 | not reported in the loaded dataset |
| North American Ktrade Alliance, LLC | NONE | $17,602 | not reported in the loaded dataset |
| Cetera Advisors, LLC | NONE | $10,677 | not reported in the loaded dataset |