Franklin Precision Industry, Inc. 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2021. 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 Precision Industry, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2021 filing.
Franklin Precision Industry, Inc. 401(k) Plan Facts (plan year 2021)
Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 10, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2021
- $1.05 million went into the plan in contributions, $310,806 of it from the employer (30%).
- $3.49 million was paid out to participants.
- Investment and other income added $1.52 million.
- Administrative expenses were $69,228, about $175 per account.
How the Franklin Precision Industry, Inc. 401(k) changed, 2016–2021
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2016 | 289 | $7.98 million | $281,174 | $551,735 |
| 2017 | 368 | $9.71 million | $288,215 | $430,762 |
| 2018 | 636 | $9.52 million | $409,580 | $840,028 |
| 2019 | 587 | $11.5 million | $400,200 | $1.20 million |
| 2020 | 599 | $11.5 million | $115,882 | $2.11 million |
| 2021 | 541 | $10.5 million | $310,806 | $3.49 million |
Franklin Precision Industry, Inc. 401(k) Contact Information
Questions about the Franklin Precision Industry, Inc. 401(k)
Is the Franklin Precision Industry, Inc 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.
Does Franklin Precision Industry, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $310,806, 30% of all contributions.
Does the Franklin Precision Industry, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Franklin Precision Industry, Inc 401(k) plan?
541 participants at the start of plan year 2021, 537 of them active employees, and 79 former employees who still had money in the plan.
What is the average 401(k) balance at Franklin Precision Industry, Inc?
About $26,623 per account: $10.5 million in plan assets across 395 accounts with a balance at the end of plan year 2021.
Who manages the Franklin Precision Industry, Inc 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.