Franklin Equipment, Llc 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2020. 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 Equipment, Llc 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Franklin Equipment, Llc 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 15, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $1.04 million went into the plan in contributions, $108,138 of it from the employer (10%).
- $356,699 was paid out to participants.
- Investment and other income added $532,348.
- Administrative expenses were $53,041, about $215 per account.
How the Franklin Equipment, Llc 401(k) changed, 2015–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2015 | 35 | $974,531 | $40,251 | $179,890 |
| 2016 | 56 | $1.00 million | $56,419 | $267,109 |
| 2017 | 134 | $1.45 million | $73,431 | $16,026 |
| 2018 | 207 | $2.37 million | $280,220 | $136,297 |
| 2019 | 328 | $4.49 million | $398,650 | $277,194 |
| 2020 | 387 | $5.63 million | $108,138 | $356,699 |
Franklin Equipment, Llc 401(k) Contact Information
Questions about the Franklin Equipment, Llc 401(k)
Is the Franklin Equipment, Llc 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.
Does Franklin Equipment, Llc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $108,138, 10% of all contributions.
Does the Franklin Equipment, Llc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Franklin Equipment, Llc 401(k) plan?
387 participants at the start of plan year 2020, 278 of them active employees, and 62 former employees who still had money in the plan.
What is the average 401(k) balance at Franklin Equipment, Llc?
About $22,791 per account: $5.63 million in plan assets across 247 accounts with a balance at the end of plan year 2020.
Who manages the Franklin Equipment, Llc 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.