401k Plan data: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST plan

UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number	001

UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
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 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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 UNITED, INC has sponsored the creation of one or more 401k plans.

Company Name: FRANKLIN UNITED, INC

Employer identification number (EIN): 820336301

NAIC Classification: 424700

Additional information about FRANKLIN UNITED, INC

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: C1683750

More information about FRANKLIN UNITED, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ROBERT FRANKLIN III 2023-01-17
001 2021-01-01 ROBERT FRANKLIN III 2022-06-24
001 2020-08-01 ROBERT FRANKLIN III 2021-10-04
001 2019-08-01 ROBERT FRANKLIN III 2021-02-15
001 2018-08-01 ROBERT FRANKLIN III 2020-05-13
001 2017-08-01 ROBERT FRANKLIN III 2019-03-25
001 2016-08-01 ROBERT FRANKLIN III 2018-04-04
001 2015-08-01 ROBERT FRANKLIN III 2017-02-27
001 2014-08-01 ROBERT FRANKLIN, III
001 2013-08-01 ROBERT FRANKLIN, III
001 2012-08-01 ROBERT FRANKLIN, III
001 2011-08-01 ROBERT FRANKLIN III
001 2010-08-01 ROBERT FRANKLIN III
001 2009-08-01 ROBERT FRANKLIN III

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	ROBERT FRANKLIN III	2023-01-17
001	2021-01-01	ROBERT FRANKLIN III	2022-06-24
001	2020-08-01	ROBERT FRANKLIN III	2021-10-04
001	2019-08-01	ROBERT FRANKLIN III	2021-02-15
001	2018-08-01	ROBERT FRANKLIN III	2020-05-13
001	2017-08-01	ROBERT FRANKLIN III	2019-03-25
001	2016-08-01	ROBERT FRANKLIN III	2018-04-04
001	2015-08-01	ROBERT FRANKLIN III	2017-02-27
001	2014-08-01	ROBERT FRANKLIN, III
001	2013-08-01	ROBERT FRANKLIN, III
001	2012-08-01	ROBERT FRANKLIN, III
001	2011-08-01	ROBERT FRANKLIN III
001	2010-08-01	ROBERT FRANKLIN III
001	2009-08-01	ROBERT FRANKLIN III

Plan Statistics for UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2014: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year 2014-08-01 96
Total number of active participants reported on line 7a of the Form 5500 2014-08-01 109
Total of all active and inactive participants 2014-08-01 109
Total participants 2014-08-01 109
Number of participants with account balances 2014-08-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-08-01 6
2013: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-08-01 95
Total number of active participants reported on line 7a of the Form 5500 2013-08-01 96
Total of all active and inactive participants 2013-08-01 96
Total participants 2013-08-01 96
Number of participants with account balances 2013-08-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-08-01 6
2012: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-08-01 96
Total number of active participants reported on line 7a of the Form 5500 2012-08-01 95
Total of all active and inactive participants 2012-08-01 95
Total participants 2012-08-01 95
Number of participants with account balances 2012-08-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-08-01 6
2011: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-08-01 91
Total number of active participants reported on line 7a of the Form 5500 2011-08-01 96
Total of all active and inactive participants 2011-08-01 96
Total participants 2011-08-01 96
Number of participants with account balances 2011-08-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-08-01 8
2010: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year 2010-08-01 87
Total number of active participants reported on line 7a of the Form 5500 2010-08-01 91
Total of all active and inactive participants 2010-08-01 91
Total participants 2010-08-01 91
Number of participants with account balances 2010-08-01 91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-08-01 8
2009: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-08-01 96
Total number of active participants reported on line 7a of the Form 5500 2009-08-01 87
Total of all active and inactive participants 2009-08-01 87
Total participants 2009-08-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-08-01 8

Measure	Date	Value
2014: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year	2014-08-01	96
Total number of active participants reported on line 7a of the Form 5500	2014-08-01	109
Total of all active and inactive participants	2014-08-01	109
Total participants	2014-08-01	109
Number of participants with account balances	2014-08-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-08-01	6
2013: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-08-01	95
Total number of active participants reported on line 7a of the Form 5500	2013-08-01	96
Total of all active and inactive participants	2013-08-01	96
Total participants	2013-08-01	96
Number of participants with account balances	2013-08-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-08-01	6
2012: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-08-01	96
Total number of active participants reported on line 7a of the Form 5500	2012-08-01	95
Total of all active and inactive participants	2012-08-01	95
Total participants	2012-08-01	95
Number of participants with account balances	2012-08-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-08-01	6
2011: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-08-01	91
Total number of active participants reported on line 7a of the Form 5500	2011-08-01	96
Total of all active and inactive participants	2011-08-01	96
Total participants	2011-08-01	96
Number of participants with account balances	2011-08-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-08-01	8
2010: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year	2010-08-01	87
Total number of active participants reported on line 7a of the Form 5500	2010-08-01	91
Total of all active and inactive participants	2010-08-01	91
Total participants	2010-08-01	91
Number of participants with account balances	2010-08-01	91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-08-01	8
2009: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-08-01	96
Total number of active participants reported on line 7a of the Form 5500	2009-08-01	87
Total of all active and inactive participants	2009-08-01	87
Total participants	2009-08-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-08-01	8

Financial Data on UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2015 : UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total plan liabilities at end of year	2015-07-31	$91,586
Total plan liabilities at beginning of year	2015-07-31	$26,195
Total income from all sources	2015-07-31	$42,290
Expenses. Total of all expenses incurred	2015-07-31	$100,130
Benefits paid (including direct rollovers)	2015-07-31	$91,586
Total plan assets at end of year	2015-07-31	$834,182
Total plan assets at beginning of year	2015-07-31	$826,631
Value of fidelity bond covering the plan	2015-07-31	$80,000
Expenses. Other expenses not covered elsewhere	2015-07-31	$8,544
Other income received	2015-07-31	$12,290
Net income (gross income less expenses)	2015-07-31	$-57,840
Net plan assets at end of year (total assets less liabilities)	2015-07-31	$742,596
Net plan assets at beginning of year (total assets less liabilities)	2015-07-31	$800,436
Total contributions received or receivable from employer(s)	2015-07-31	$30,000
2014 : UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total plan liabilities at end of year	2014-07-31	$26,195
Total plan liabilities at beginning of year	2014-07-31	$10,100
Total income from all sources	2014-07-31	$105,571
Expenses. Total of all expenses incurred	2014-07-31	$38,532
Benefits paid (including direct rollovers)	2014-07-31	$30,662
Total plan assets at end of year	2014-07-31	$826,631
Total plan assets at beginning of year	2014-07-31	$743,497
Value of fidelity bond covering the plan	2014-07-31	$80,000
Expenses. Other expenses not covered elsewhere	2014-07-31	$7,870
Other income received	2014-07-31	$75,571
Net income (gross income less expenses)	2014-07-31	$67,039
Net plan assets at end of year (total assets less liabilities)	2014-07-31	$800,436
Net plan assets at beginning of year (total assets less liabilities)	2014-07-31	$733,397
Total contributions received or receivable from employer(s)	2014-07-31	$30,000
2013 : UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total plan liabilities at end of year	2013-07-31	$10,100
Total plan liabilities at beginning of year	2013-07-31	$10,196
Total income from all sources	2013-07-31	$96,890
Expenses. Total of all expenses incurred	2013-07-31	$14,608
Benefits paid (including direct rollovers)	2013-07-31	$11,663
Total plan assets at end of year	2013-07-31	$743,497
Total plan assets at beginning of year	2013-07-31	$661,311
Value of fidelity bond covering the plan	2013-07-31	$80,000
Expenses. Other expenses not covered elsewhere	2013-07-31	$2,945
Other income received	2013-07-31	$66,890
Net income (gross income less expenses)	2013-07-31	$82,282
Net plan assets at end of year (total assets less liabilities)	2013-07-31	$733,397
Net plan assets at beginning of year (total assets less liabilities)	2013-07-31	$651,115
Total contributions received or receivable from employer(s)	2013-07-31	$30,000
2012 : UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total plan liabilities at end of year	2012-07-31	$10,196
Total plan liabilities at beginning of year	2012-07-31	$2,091
Total income from all sources	2012-07-31	$33,603
Expenses. Total of all expenses incurred	2012-07-31	$8,453
Benefits paid (including direct rollovers)	2012-07-31	$8,105
Total plan assets at end of year	2012-07-31	$661,311
Total plan assets at beginning of year	2012-07-31	$628,056
Value of fidelity bond covering the plan	2012-07-31	$80,000
Expenses. Other expenses not covered elsewhere	2012-07-31	$348
Other income received	2012-07-31	$3,603
Net income (gross income less expenses)	2012-07-31	$25,150
Net plan assets at end of year (total assets less liabilities)	2012-07-31	$651,115
Net plan assets at beginning of year (total assets less liabilities)	2012-07-31	$625,965
Total contributions received or receivable from employer(s)	2012-07-31	$30,000
2011 : UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total plan liabilities at end of year	2011-07-31	$2,091
Total plan liabilities at beginning of year	2011-07-31	$15,325
Total income from all sources	2011-07-31	$94,889
Expenses. Total of all expenses incurred	2011-07-31	$7,222
Benefits paid (including direct rollovers)	2011-07-31	$7,222
Total plan assets at end of year	2011-07-31	$628,056
Total plan assets at beginning of year	2011-07-31	$553,623
Value of fidelity bond covering the plan	2011-07-31	$80,000
Other income received	2011-07-31	$69,889
Net income (gross income less expenses)	2011-07-31	$87,667
Net plan assets at end of year (total assets less liabilities)	2011-07-31	$625,965
Net plan assets at beginning of year (total assets less liabilities)	2011-07-31	$538,298
Total contributions received or receivable from employer(s)	2011-07-31	$25,000

Form 5500 Responses for UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST

2014: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-08-01	Type of plan entity	Single employer plan
2014-08-01	Plan funding arrangement – Trust	Yes
2014-08-01	Plan benefit arrangement - Trust	Yes
2013: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-08-01	Type of plan entity	Single employer plan
2013-08-01	Plan funding arrangement – Trust	Yes
2013-08-01	Plan benefit arrangement - Trust	Yes
2012: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-08-01	Type of plan entity	Single employer plan
2012-08-01	Plan funding arrangement – Trust	Yes
2012-08-01	Plan benefit arrangement - Trust	Yes
2011: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-08-01	Type of plan entity	Single employer plan
2011-08-01	Plan funding arrangement – Trust	Yes
2011-08-01	Plan benefit arrangement - Trust	Yes
2010: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2010 form 5500 responses
2010-08-01	Type of plan entity	Single employer plan
2010-08-01	Plan funding arrangement – Trust	Yes
2010-08-01	Plan benefit arrangement - Trust	Yes
2009: UNITED OIL OF MAGIC VALLEY, INC. PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-08-01	Type of plan entity	Single employer plan
2009-08-01	Plan funding arrangement – Trust	Yes
2009-08-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FRANKLIN UNITED, INC
Employer identification number (EIN):	820336301
NAIC Classification:	424700

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	C1683750