Retirement plan

FRANKLIN INDUSTRIES EMPLOYEES RETIREMENT PLAN

Name: THE FRANKLIN INVESTMENT CORP DBA FRANKLIN INDUSTRIES - FRANKLIN INDUSTRIES EMPLOYEES RETIREMENT PLAN (2019) Form 5500
Creator: THE FRANKLIN INVESTMENT CORP DBA FRANKLIN INDUSTRIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKLIN INDUSTRIES EMPLOYEES RETIREMENT PLAN, THE FRANKLIN INVESTMENT CORP DBA FRANKLIN INDUSTRIES

THE FRANKLIN INVESTMENT CORP DBA FRANKLIN INDUSTRIESEIN 41-2051057Plan #001PY 2019

645 ATLANTIC AVENUE, P.O. BOX 671 - FRANKLIN, PA 16323814-437-3726

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.9M

+19.8% from 2018

Total participants

137

+6.2% from 2018

Average account balance

$30,893

+3.0% from 2018

Annual return

19.50%

+25.92 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.58M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

143

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.

68.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$433K

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

+7.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Filed as: NATIONWIDENATIONWIDE Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$26,346
STIFEL NICOLAUS & CO INC1 year Service code 22	Insurance Broker	$8,015
EPIC RETIREMENT PLAN SERVICES3 years Filed as: CAPITAL RETIREMENT PLAN SERVICES Service code 14 · EIN 25-1802421 4000 TOWN CENTER BLVD · CANONSBURG, PA 15317	Plan Administrator	$2,425
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON CO FID TRADITIONAL Service code 22 · EIN 26-2409128 630 DUNDEE RD · NORTHBROOK, IL 60062	Insurance Broker	$2,187
EPIC RETIREMENT PLAN SERVICES1 year Filed as: CAPITAL RETIREMENT PLAN SERVICES, I Service code 14	Plan Administrator	$1,260
STIFEL NICOLAUS & CO INC3 years Filed as: STIFEL NICOLAUS AND CO INC Service code 22 501 N BROADWAY · ST LOUIS, MO 63102	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$32K

$281 / participant

Investment mgmt$29K91.7%
Contract admin$3K8.3%

% of EOY assets

1.096%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MCGILL POWER BELL AND ASSOCIATES
Auditor EIN: 251031405
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,893

$65,376-52.7%

$87,102-64.5%

$65,185-52.6%

Participation rate

60.7%

75.3%-14.6pp

76.9%-16.2pp

70.2%-9.5pp

Annual return

19.50%

31.27%-11.8pp

28.19%-8.7pp

29.38%-9.9pp

Employer contribution / active EE

$962

$1,822-47.2%

$2,521-61.9%

$2,177-55.8%

Participant deferral / active EE

$2,164

$3,388-36.1%

$4,048-46.5%

$3,514-38.4%

Admin fee / account holder

$339

$520-34.8%

$7,491-95.5%

$847-60.0%

Provider

Service type

Compensation

NATIONWIDE1 year

Filed as: NATIONWIDENATIONWIDE

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$26,346

STIFEL NICOLAUS & CO INC1 year

Service code 22

Insurance Broker

$8,015

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: CAPITAL RETIREMENT PLAN SERVICES

Service code 14 · EIN 25-1802421

4000 TOWN CENTER BLVD · CANONSBURG, PA 15317

Plan Administrator

$2,425

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON CO FID TRADITIONAL

Service code 22 · EIN 26-2409128

630 DUNDEE RD · NORTHBROOK, IL 60062

Insurance Broker

$2,187

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: CAPITAL RETIREMENT PLAN SERVICES, I

Service code 14

Plan Administrator

$1,260

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFEL NICOLAUS AND CO INC

Service code 22

501 N BROADWAY · ST LOUIS, MO 63102

Insurance Broker

FRANKLIN INDUSTRIES EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANKLIN INDUSTRIES EMPLOYEES RETIREMENT 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