Franklin Energy Services, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Franklin Energy Services, Llc 401(k) Plan Facts (plan year 2017)

Plan name
FRANKLIN ENERGY SERVICES, LLC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FRANKLIN ENERGY SERVICES, LLC
Participants
640 (641 active employees)
Former employees with a balance
93
Plan assets
$18,581,691 at Dec 31, 2017
Average account balance
$25,988 across 715 accounts
Employer contributions
$887,470 in plan year 2017 (25% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 1, 2009
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 15, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $3.55 million went into the plan in contributions, $887,470 of it from the employer (25%).
  • $1.40 million was paid out to participants.
  • Investment and other income added $2.56 million.
  • Administrative expenses were $49,931, about $70 per account.

How the Franklin Energy Services, Llc 401(k) changed, 2012–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2012219$4.90 million$718,836$781,711
2013315$6.82 million$336,470$747,761
2014367$8.95 million$376,152$671,112
2015438$9.97 million$533,713$1.14 million
2016492$13.9 million$796,220$577,158
2017640$18.6 million$887,470$1.40 million

Franklin Energy Services, Llc 401(k) Contact Information

Phone
262-284-3838
Mailing address
102 N FRANKLIN STREET, PORT WASHINGTON WI 53074
Plan sponsor
FRANKLIN ENERGY SERVICES, LLC
Employer identification number (EIN)
26-1375644
Plan number
001

Questions about the Franklin Energy Services, Llc 401(k)

Is the Franklin Energy Services, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Franklin Energy Services, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $887,470, 25% of all contributions.

Does the Franklin Energy Services, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Franklin Energy Services, Llc 401(k) plan?

640 participants at the start of plan year 2017, 641 of them active employees, and 93 former employees who still had money in the plan.

What is the average 401(k) balance at Franklin Energy Services, Llc?

About $25,988 per account: $18.6 million in plan assets across 715 accounts with a balance at the end of plan year 2017.

Who manages the Franklin Energy Services, Llc 401(k) accounts?

Alliance Benefit Group is the plan's recordkeeper, which is where participants log in to see their balance.

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