The Franklin Academy, Inc. 401(k) Plan: Login, Facts & Contact Information

The Franklin Academy, Inc. 401(k) Plan Facts

Plan name
THE FRANKLIN ACADEMY 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
THE FRANKLIN ACADEMY, INC.
Participants
224 (166 active employees)
Former employees with a balance
57
Plan assets
$13,544,788 at Dec 31, 2024
Average account balance
$63,293 across 214 accounts
Employer contributions
$255,263 in plan year 2024 (25% of all contributions)
Recordkeeper
Nwps
Plan year
Jan 1, 2024 – Dec 31, 2024
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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.00 million went into the plan in contributions, $255,263 of it from the employer (25%).
  • $827,172 was paid out to participants.
  • Investment and other income added $1.71 million.
  • Administrative expenses were $1,308, about $6 per account.

How the The Franklin Academy, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019221$7.30 million$189,588$467,008
2020238$9.29 million$207,892$155,830
2021208$11.3 million$207,850$290,940
2022223$9.90 million$215,132$180,093
2023221$11.7 million$235,186$1.15 million
2024224$13.5 million$255,263$827,172

The Franklin Academy, Inc. 401(k) Contact Information

Phone
919-882-2410
Mailing address
1127 CHALK ROAD, WAKE FOREST NC 27587
Plan sponsor
THE FRANKLIN ACADEMY, INC.
Employer identification number (EIN)
56-2085431
Plan number
001

Questions about the The Franklin Academy, Inc. 401(k)

Does The Franklin Academy, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $255,263, 25% of all contributions.

Does the The Franklin Academy, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the The Franklin Academy, Inc 401(k) plan?

224 participants at the start of plan year 2024, 166 of them active employees, and 57 former employees who still had money in the plan.

What is the average 401(k) balance at The Franklin Academy, Inc?

About $63,293 per account: $13.5 million in plan assets across 214 accounts with a balance at the end of plan year 2024.

Who manages the The Franklin Academy, Inc 401(k) accounts?

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

I no longer work at The Franklin Academy, Inc. How do I access my 401(k)?

Your account stays with NWPS after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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