Retirement plan

FRANKLIN BUILDING SUPPLY 401(K) PROFIT SHARING PLAN

Name: THE FRANKLIN GROUP, INC. - FRANKLIN BUILDING SUPPLY 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: THE FRANKLIN GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKLIN BUILDING SUPPLY 401(K) PROFIT SHARING PLAN, THE FRANKLIN GROUP, INC.

THE FRANKLIN GROUP, INC.EIN 26-1690029Plan #001PY 2024

9222 W. BARNES - BOISE, ID 83709208-514-2203

Other plans on this EIN

1 filing

#002Retirement-$90.2M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$17.9M

+10.0% from 2023

Total participants

745

+1.6% from 2023

Average account balance

$27,869

+9.6% from 2023

Annual return

10.48%

-0.39 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.86M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

641

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN TRUST COMPANY Service code 13 · EIN 61-1381380 2353 ALEXANDRIA DR #100 · LEXINGTON, KY 40504	Contract Administrator	$72,672
ASSET STRATEGY CONSULTANTS8 years Filed as: THE ASSET CONSULTING GROUP Service code 26 · EIN 82-0513236 410 S. ORCHARD, SUITE 112 · BOISE, ID 83705	Advisory (Participants)	$46,300
PINNACLE PENSION SERVICES10+ years Filed as: PINNACLE PENSION SERVICES, INC. Service code 13 · EIN 82-0433443 3101 W MAIN STREET, STE 100 · BOISE, ID 83702	Contract Administrator	$19,388
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749 101 S. CAPITOL BLVD, STE 1700 · BOISE, ID 83702	Accounting	$9,434

Plan features & details

Pension benefit codes2E2F2G2J2S3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$148K

$237 / participant

Recordkeeping$20K13.3%
Trustee / custodial$26K17.3%
Investment mgmt$63K42.5%
Contract admin$30K20.5%
Other / not subdivided$9K6.4%

% of EOY assets

0.827%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: $9,434
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,869

$54,213-48.6%

$93,696-70.3%

$77,736-64.1%

Participation rate

83.3%

64.0%+19.3pp

68.7%+14.6pp

70.6%+12.7pp

Annual return

10.48%

30.55%-20.1pp

133.74%-123.3pp

31.26%-20.8pp

Employer contribution / active EE

$1,168-100.0%

$2,422-100.0%

$2,728-100.0%

Participant deferral / active EE

$3,502

$3,145+11.3%

$4,417-20.7%

$4,651-24.7%

Admin fee / account holder

$231

$575-59.9%

$8,287-97.2%

$433-46.8%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN TRUST COMPANY

Service code 13 · EIN 61-1381380

2353 ALEXANDRIA DR #100 · LEXINGTON, KY 40504

Contract Administrator

$72,672

ASSET STRATEGY CONSULTANTS8 years

Filed as: THE ASSET CONSULTING GROUP

Service code 26 · EIN 82-0513236

410 S. ORCHARD, SUITE 112 · BOISE, ID 83705

Advisory (Participants)

$46,300

PINNACLE PENSION SERVICES10+ years

Filed as: PINNACLE PENSION SERVICES, INC.

Service code 13 · EIN 82-0433443

3101 W MAIN STREET, STE 100 · BOISE, ID 83702

Contract Administrator

$19,388

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

101 S. CAPITOL BLVD, STE 1700 · BOISE, ID 83702

Accounting

$9,434

FRANKLIN BUILDING SUPPLY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANKLIN BUILDING SUPPLY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion