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FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameFRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN
Plan identification number 001

FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FRANKLIN MANAGEMENT SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:FRANKLIN MANAGEMENT SYSTEMS, INC.
Employer identification number (EIN):043304188
NAIC Classification:541219
NAIC Description:Other Accounting Services

Additional information about FRANKLIN MANAGEMENT SYSTEMS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1996-04-18
Company Identification Number: P96000034915
Legal Registered Office Address: 2427 SUNSET VISTA DRIVE

SPRING HILL

34607

More information about FRANKLIN MANAGEMENT SYSTEMS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JOHN HARRINGTON
0012016-01-01JOHN HARRINGTON
0012015-01-01JOHN HARRINGTON
0012014-07-01JOHN HARRINGTON
0012014-07-01JOHN HARRINGTON

Plan Statistics for FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2022: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-016
Total number of active participants reported on line 7a of the Form 55002022-01-015
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-015
Number of participants with account balances2022-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-016
Total number of active participants reported on line 7a of the Form 55002021-01-016
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-016
Number of participants with account balances2021-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-014
Total number of active participants reported on line 7a of the Form 55002020-01-015
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-015
Number of participants with account balances2020-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-015
Total number of active participants reported on line 7a of the Form 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-016
Number of participants with account balances2019-01-016
2018: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-016
Total number of active participants reported on line 7a of the Form 55002018-01-015
Total of all active and inactive participants2018-01-015
Total participants2018-01-015
Number of participants with account balances2018-01-015
2017: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-017
Total number of active participants reported on line 7a of the Form 55002017-01-016
Total of all active and inactive participants2017-01-016
Total participants2017-01-016
Number of participants with account balances2017-01-014
2016: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-017
Total number of active participants reported on line 7a of the Form 55002016-01-017
Total of all active and inactive participants2016-01-017
Total participants2016-01-017
Number of participants with account balances2016-01-014
2015: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-017
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-017
Number of participants with account balances2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-018
Total number of active participants reported on line 7a of the Form 55002014-07-018
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-010
Total of all active and inactive participants2014-07-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-018
Number of participants with account balances2014-07-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-010

Financial Data on FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$-24,334
Expenses. Total of all expenses incurred2022-12-31$1,859
Total plan assets at end of year2022-12-31$1,087,186
Total plan assets at beginning of year2022-12-31$1,113,379
Value of fidelity bond covering the plan2022-12-31$50,000
Total contributions received or receivable from participants2022-12-31$22,195
Other income received2022-12-31$-54,144
Net income (gross income less expenses)2022-12-31$-26,193
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,087,186
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,113,379
Assets. Value of participant loans2022-12-31$50,000
Assets. Value of employer securities2022-12-31$673,781
Total contributions received or receivable from employer(s)2022-12-31$7,615
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,859
2021 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$122,207
Expenses. Total of all expenses incurred2021-12-31$3,670
Total plan assets at end of year2021-12-31$1,113,379
Total plan assets at beginning of year2021-12-31$994,842
Value of fidelity bond covering the plan2021-12-31$40,000
Total contributions received or receivable from participants2021-12-31$32,000
Other income received2021-12-31$75,824
Net income (gross income less expenses)2021-12-31$118,537
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,113,379
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$994,842
Assets. Value of participant loans2021-12-31$50,000
Assets. Value of employer securities2021-12-31$630,640
Total contributions received or receivable from employer(s)2021-12-31$14,383
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$3,670
2020 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$-53,569
Expenses. Total of all expenses incurred2020-12-31$61,190
Benefits paid (including direct rollovers)2020-12-31$59,803
Total plan assets at end of year2020-12-31$994,842
Total plan assets at beginning of year2020-12-31$1,109,601
Value of fidelity bond covering the plan2020-12-31$30,000
Total contributions received or receivable from participants2020-12-31$9,905
Other income received2020-12-31$-64,994
Net income (gross income less expenses)2020-12-31$-114,759
Net plan assets at end of year (total assets less liabilities)2020-12-31$994,842
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,109,601
Assets. Value of employer securities2020-12-31$626,736
Total contributions received or receivable from employer(s)2020-12-31$1,520
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,387
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$120,207
Expenses. Total of all expenses incurred2019-12-31$1,248
Total plan assets at end of year2019-12-31$1,109,601
Total plan assets at beginning of year2019-12-31$990,642
Value of fidelity bond covering the plan2019-12-31$30,000
Total contributions received or receivable from participants2019-12-31$51,200
Other income received2019-12-31$61,644
Net income (gross income less expenses)2019-12-31$118,959
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,109,601
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$990,642
Assets. Value of employer securities2019-12-31$739,294
Total contributions received or receivable from employer(s)2019-12-31$7,363
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$1,248
2018 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$188,513
Expenses. Total of all expenses incurred2018-12-31$4,902
Benefits paid (including direct rollovers)2018-12-31$3,920
Total plan assets at end of year2018-12-31$990,642
Total plan assets at beginning of year2018-12-31$807,031
Total contributions received or receivable from participants2018-12-31$44,726
Other income received2018-12-31$132,631
Net income (gross income less expenses)2018-12-31$183,611
Net plan assets at end of year (total assets less liabilities)2018-12-31$990,642
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$807,031
Assets. Value of employer securities2018-12-31$734,045
Total contributions received or receivable from employer(s)2018-12-31$11,156
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$982
2017 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$-32,500
Expenses. Total of all expenses incurred2017-12-31$757
Total plan assets at end of year2017-12-31$807,031
Total plan assets at beginning of year2017-12-31$840,288
Total contributions received or receivable from participants2017-12-31$448
Other income received2017-12-31$-32,948
Net income (gross income less expenses)2017-12-31$-33,257
Net plan assets at end of year (total assets less liabilities)2017-12-31$807,031
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$840,288
Assets. Value of participant loans2017-12-31$50,000
Assets. Value of employer securities2017-12-31$599,194
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$757
2016 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$126,410
Expenses. Total of all expenses incurred2016-12-31$16,144
Benefits paid (including direct rollovers)2016-12-31$15,000
Total plan assets at end of year2016-12-31$840,288
Total plan assets at beginning of year2016-12-31$730,022
Total contributions received or receivable from participants2016-12-31$10,630
Expenses. Other expenses not covered elsewhere2016-12-31$1,144
Other income received2016-12-31$113,056
Net income (gross income less expenses)2016-12-31$110,266
Net plan assets at end of year (total assets less liabilities)2016-12-31$840,288
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$730,022
Assets. Value of participant loans2016-12-31$50,000
Assets. Value of employer securities2016-12-31$662,938
Total contributions received or receivable from employer(s)2016-12-31$2,724
2015 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$242,187
Expenses. Total of all expenses incurred2015-12-31$482
Total plan assets at end of year2015-12-31$730,022
Total plan assets at beginning of year2015-12-31$488,317
Total contributions received or receivable from participants2015-12-31$32,476
Other income received2015-12-31$201,030
Net income (gross income less expenses)2015-12-31$241,705
Net plan assets at end of year (total assets less liabilities)2015-12-31$730,022
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$488,317
Assets. Value of employer securities2015-12-31$566,381
Total contributions received or receivable from employer(s)2015-12-31$8,681
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$482
2014 : FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total income from all sources2014-12-31$500,839
Expenses. Total of all expenses incurred2014-12-31$25,030
Benefits paid (including direct rollovers)2014-12-31$25,000
Total plan assets at end of year2014-12-31$475,809
Total plan assets at beginning of year2014-12-31$0
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$458,831
Other income received2014-12-31$42,008
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$475,809
Net plan assets at end of year (total assets less liabilities)2014-12-31$475,809
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$362,003
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$30

Form 5500 Responses for FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN

2022: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FRANKLIN MANAGEMENT SYSTEMS, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01First time form 5500 has been submittedYes
2014-07-01Submission has been amendedYes
2014-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement - TrustYes

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