2023 Form 5500 filing — Franklin Products, Inc. 401(K) Profit Sharing 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 20241011075617NAL0022375777002) for Franklin Products, Inc. 401(K) Profit Sharing Plan, reported by Franklin Products, Inc. under EIN 06-1236512 and plan number 001. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011075617NAL0022375777002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Franklin Products, Inc.
- EIN
- 06-1236512
- Plan number
- 001
- Location
- Torrington, CT
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,209,612
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,209,612
- Employer contributions
- $421,331
- Participant contributions
- $543,956
- Total income / additions
- $4,578,714
- Benefits paid
- $247,512
- Administrative expenses
- $54,787
- Total expenses
- $302,299
- Net increase / (decrease)
- $4,276,415
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Connecticut Wealth Mgmt LLC | INVESTMENT ADVISOR | $40,464 | $0 |
| Cap Group Retirement Plan Services | RECORDKEEPER | $14,323 | $0 |