Retirement plan

FRANKLIN MUTUAL PROFIT SHARING PLAN

Name: FRANKLIN MUTUAL INSURANCE COMPANY - FRANKLIN MUTUAL PROFIT SHARING PLAN (2022) Form 5500
Creator: FRANKLIN MUTUAL INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKLIN MUTUAL PROFIT SHARING PLAN, FRANKLIN MUTUAL INSURANCE COMPANY

FRANKLIN MUTUAL INSURANCE COMPANYEIN 22-0923502Plan #002PY 2022

5 BROAD STREET, P.O. BOX 400 - BRANCHVILLE, NJ 07826973-948-3120

Other plans on this EIN

1 filing

#001Retirement-$33.4M assets

Prospect flagsLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed September 18, 2019

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$26.5M

-26.7% from 2021

Total participants

139

+2.2% from 2021

Average account balance

$190,612

-31.9% from 2021

Annual return

-14.23%

-30.96 pp from 2021

Benchmarks

See 2,163 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,163 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$31.31M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$203K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

154

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
AMERICAN CENTURY1 year Filed as: AMERICAN CENTURY INVESTMENT INC Service code 28 · EIN 44-6006315	Investment Management	$0
AMERICAN CENTURY1 year Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28	Investment Management	$0
ARTISAN PARTNERS2 years Filed as: ARTISAN PARTNERS LIMITED PARTNERSHI Service code 28 · EIN 39-1811840	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: PUTNAM INVESTMENT , LLC Service code 28 100 FEDERAL ST · BOSTON, MA 02110	Investment Management	$0
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: PUTNAM INVESTMENT MANAGEMENT LLC Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN PLUS
Auditor EIN: 251644159
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,612

$102,661+85.7%

$151,645+25.7%

$66,949+184.7%

Participation rate

100.0%

85.5%+14.5pp

87.5%+12.5pp

69.8%+30.2pp

Annual return

-14.23%

-10.81%-3.4pp

3.34%-17.6pp

1.57%-15.8pp

Employer contribution / active EE

$4,551

$4,184+8.8%

$6,165-26.2%

$2,545+78.8%

Participant deferral / active EE

$2,925

$6,645-56.0%

$8,363-65.0%

$4,239-31.0%

Admin fee / account holder

$630-100.0%

$11,614-100.0%

$594-100.0%

Provider

Service type

Compensation

AMERICAN CENTURY1 year

Filed as: AMERICAN CENTURY INVESTMENT INC

Service code 28 · EIN 44-6006315

Investment Management

AMERICAN CENTURY1 year

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28

Investment Management

ARTISAN PARTNERS2 years

Filed as: ARTISAN PARTNERS LIMITED PARTNERSHI

Service code 28 · EIN 39-1811840

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: PUTNAM INVESTMENT , LLC

Service code 28

100 FEDERAL ST · BOSTON, MA 02110

Investment Management

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: PUTNAM INVESTMENT MANAGEMENT LLC

Service code 28

Investment Management

FRANKLIN MUTUAL PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FRANKLIN MUTUAL PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion