Retirement plan

FRANKLIN PLANTATION 401(K) PROFIT SHARING PLAN & TRUST

Name: FRANKLIN FARMS FRANKLIN PLANTATION - FRANKLIN PLANTATION 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: FRANKLIN FARMS FRANKLIN PLANTATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKLIN PLANTATION 401(K) PROFIT SHARING PLAN & TRUST, FRANKLIN FARMS FRANKLIN PLANTATION

FRANKLIN FARMS FRANKLIN PLANTATIONEIN 72-1094070Plan #001PY 2022

P.O. BOX 705 - NEWELLTON, LA 71357318-467-5101

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

-10.4% from 2021

Total participants

0.0% from 2021

Average account balance

$194,014

-10.4% from 2021

Annual return

-10.50%

-34.22 pp from 2021

Benchmarks

See 6,310 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,310 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.12M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

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.

136.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9996

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3B

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

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

$94K

$8585 / participant

Other / not subdivided$94K100.0%

% of EOY assets

3.477%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$194,014

$129,959+49.3%

$104,301+86.0%

$134,532+44.2%

Participation rate

100.0%

79.5%+20.5pp

73.3%+26.7pp

81.2%+18.8pp

Annual return

-10.50%

42.04%-52.5pp

24.61%-35.1pp

418.27%-428.8pp

Employer contribution / active EE

$2,327

$4,185-44.4%

$3,373-31.0%

$4,741-50.9%

Participant deferral / active EE

$4,665

$5,589-16.5%

$4,626+0.8%

$6,401-27.1%

Admin fee / account holder

$6,745

$9,325-27.7%

$7,340-8.1%

$11,429-41.0%

FRANKLIN PLANTATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANKLIN PLANTATION 401(K) PROFIT SHARING PLAN & TRUST

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