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THOMAS FRANKLIN INC. 401(K) PLAN 401k Plan overview

Plan NameTHOMAS FRANKLIN INC. 401(K) PLAN
Plan identification number 001

THOMAS FRANKLIN INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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

THOMAS FRANKLIN INC. has sponsored the creation of one or more 401k plans.

Company Name:THOMAS FRANKLIN INC.
Employer identification number (EIN):660997902
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THOMAS FRANKLIN INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-10

Plan Statistics for THOMAS FRANKLIN INC. 401(K) PLAN

401k plan membership statisitcs for THOMAS FRANKLIN INC. 401(K) PLAN

Measure Date Value
2023: THOMAS FRANKLIN INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011
Total number of active participants reported on line 7a of the Form 55002023-01-011
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-011
Number of participants with account balances2023-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THOMAS FRANKLIN INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-101
Total number of active participants reported on line 7a of the Form 55002022-01-101
Number of retired or separated participants receiving benefits2022-01-100
Number of other retired or separated participants entitled to future benefits2022-01-100
Total of all active and inactive participants2022-01-101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-100
Total participants2022-01-101
Number of participants with account balances2022-01-101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-100

Financial Data on THOMAS FRANKLIN INC. 401(K) PLAN

Measure Date Value
2023 : THOMAS FRANKLIN INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$196,002
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$196,282
Total plan assets at beginning of year2023-12-31$280
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$196,002
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$196,002
Net plan assets at end of year (total assets less liabilities)2023-12-31$196,282
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$280
Assets. Value of employer securities2023-12-31$50
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : THOMAS FRANKLIN INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total income from all sources2022-12-31$550
Expenses. Total of all expenses incurred2022-12-31$270
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$280
Total plan assets at beginning of year2022-12-31$0
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$5,500
Other income received2022-12-31$-4,950
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$280
Net plan assets at end of year (total assets less liabilities)2022-12-31$280
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Assets. Value of employer securities2022-12-31$50
Total contributions received or receivable from employer(s)2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$270

Form 5500 Responses for THOMAS FRANKLIN INC. 401(K) PLAN

2023: THOMAS FRANKLIN INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THOMAS FRANKLIN INC. 401(K) PLAN 2022 form 5500 responses
2022-01-10Type of plan entitySingle employer plan
2022-01-10First time form 5500 has been submittedYes
2022-01-10Submission has been amendedNo
2022-01-10This submission is the final filingNo
2022-01-10This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-10Plan is a collectively bargained planNo
2022-01-10Plan funding arrangement – TrustYes
2022-01-10Plan benefit arrangement - TrustYes

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