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FRANKLY COASTAL INC. 401(K) PLAN 401k Plan overview

Plan NameFRANKLY COASTAL INC. 401(K) PLAN
Plan identification number 001

FRANKLY COASTAL INC. 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FRANKLY COASTAL INC. has sponsored the creation of one or more 401k plans.

Company Name:FRANKLY COASTAL INC.
Employer identification number (EIN):471724571
NAIC Classification:541600

Additional information about FRANKLY COASTAL INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2014-08-29
Company Identification Number: P14000072251
Legal Registered Office Address: 1400 Lake Tarpon Ave

Tarpon Springs

34689

More information about FRANKLY COASTAL INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRANKLY COASTAL INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01
0012020-07-01
0012019-07-01
0012018-07-01
0012017-07-01
0012016-07-01CLYDE PARRISH JR CLYDE PARRISH JR2018-04-12
0012015-07-01CLYDE FRANKLIN PARRISH, JR. CLYDE FRANKLIN PARRISH, JR.2017-01-20
0012014-08-30CLYDE PARRISH JR CLYDE PARRISH JR2016-04-12

Plan Statistics for FRANKLY COASTAL INC. 401(K) PLAN

401k plan membership statisitcs for FRANKLY COASTAL INC. 401(K) PLAN

Measure Date Value
2021: FRANKLY COASTAL INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-07-0113
Total number of active participants reported on line 7a of the Form 55002021-07-0114
Number of retired or separated participants receiving benefits2021-07-011
Number of other retired or separated participants entitled to future benefits2021-07-010
Total of all active and inactive participants2021-07-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-0115
Number of participants with account balances2021-07-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-010
2020: FRANKLY COASTAL INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-07-0113
Total number of active participants reported on line 7a of the Form 55002020-07-019
Number of retired or separated participants receiving benefits2020-07-010
Number of other retired or separated participants entitled to future benefits2020-07-011
Total of all active and inactive participants2020-07-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-07-010
Total participants2020-07-0110
Number of participants with account balances2020-07-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-07-010
2019: FRANKLY COASTAL INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-0114
Total number of active participants reported on line 7a of the Form 55002019-07-0113
Number of retired or separated participants receiving benefits2019-07-010
Number of other retired or separated participants entitled to future benefits2019-07-010
Total of all active and inactive participants2019-07-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-010
Total participants2019-07-0113
Number of participants with account balances2019-07-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-010
2018: FRANKLY COASTAL INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-07-018
Total number of active participants reported on line 7a of the Form 55002018-07-018
Number of retired or separated participants receiving benefits2018-07-010
Number of other retired or separated participants entitled to future benefits2018-07-010
Total of all active and inactive participants2018-07-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-07-010
Total participants2018-07-018
Number of participants with account balances2018-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-07-010
2017: FRANKLY COASTAL INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-07-019
Total number of active participants reported on line 7a of the Form 55002017-07-017
Number of retired or separated participants receiving benefits2017-07-010
Number of other retired or separated participants entitled to future benefits2017-07-010
Total of all active and inactive participants2017-07-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-07-010
Total participants2017-07-017
Number of participants with account balances2017-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-07-010
2016: FRANKLY COASTAL INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-07-016
Total number of active participants reported on line 7a of the Form 55002016-07-017
Number of retired or separated participants receiving benefits2016-07-010
Number of other retired or separated participants entitled to future benefits2016-07-010
Total of all active and inactive participants2016-07-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-07-010
Total participants2016-07-017
Number of participants with account balances2016-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-07-010
2015: FRANKLY COASTAL INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-07-011
Total number of active participants reported on line 7a of the Form 55002015-07-016
Number of retired or separated participants receiving benefits2015-07-010
Number of other retired or separated participants entitled to future benefits2015-07-010
Total of all active and inactive participants2015-07-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-07-010
Total participants2015-07-016
Number of participants with account balances2015-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-07-010
2014: FRANKLY COASTAL INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-08-300
Total number of active participants reported on line 7a of the Form 55002014-08-301
Number of retired or separated participants receiving benefits2014-08-300
Number of other retired or separated participants entitled to future benefits2014-08-300
Total of all active and inactive participants2014-08-301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-08-300
Total participants2014-08-301
Number of participants with account balances2014-08-301
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-08-300

Financial Data on FRANKLY COASTAL INC. 401(K) PLAN

Measure Date Value
2022 : FRANKLY COASTAL INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-06-30$0
Total plan liabilities at beginning of year2022-06-30$0
Total income from all sources2022-06-30$184,810
Expenses. Total of all expenses incurred2022-06-30$0
Benefits paid (including direct rollovers)2022-06-30$0
Total plan assets at end of year2022-06-30$470,032
Total plan assets at beginning of year2022-06-30$285,222
Value of fidelity bond covering the plan2022-06-30$75,000
Total contributions received or receivable from participants2022-06-30$21,696
Expenses. Other expenses not covered elsewhere2022-06-30$0
Contributions received from other sources (not participants or employers)2022-06-30$0
Other income received2022-06-30$148,668
Noncash contributions received2022-06-30$0
Net income (gross income less expenses)2022-06-30$184,810
Net plan assets at end of year (total assets less liabilities)2022-06-30$470,032
Net plan assets at beginning of year (total assets less liabilities)2022-06-30$285,222
Assets. Value of employer securities2022-06-30$443,401
Total contributions received or receivable from employer(s)2022-06-30$14,446
Value of certain deemed distributions of participant loans2022-06-30$0
Value of corrective distributions2022-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-06-30$0
2021 : FRANKLY COASTAL INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-06-30$0
Total plan liabilities at end of year2021-06-30$0
Total plan liabilities at beginning of year2021-06-30$0
Total income from all sources2021-06-30$106,016
Expenses. Total of all expenses incurred2021-06-30$3,593
Benefits paid (including direct rollovers)2021-06-30$3,593
Total plan assets at end of year2021-06-30$285,222
Total plan assets at beginning of year2021-06-30$182,799
Value of fidelity bond covering the plan2021-06-30$75,000
Total contributions received or receivable from participants2021-06-30$6,489
Expenses. Other expenses not covered elsewhere2021-06-30$0
Contributions received from other sources (not participants or employers)2021-06-30$0
Other income received2021-06-30$93,038
Noncash contributions received2021-06-30$0
Net income (gross income less expenses)2021-06-30$102,423
Net plan assets at end of year (total assets less liabilities)2021-06-30$285,222
Net plan assets at beginning of year (total assets less liabilities)2021-06-30$182,799
Assets. Value of employer securities2021-06-30$270,413
Total contributions received or receivable from employer(s)2021-06-30$6,489
Value of certain deemed distributions of participant loans2021-06-30$0
Value of corrective distributions2021-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-06-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-06-30$0
2020 : FRANKLY COASTAL INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-06-30$0
Total plan liabilities at end of year2020-06-30$0
Total plan liabilities at beginning of year2020-06-30$0
Total income from all sources2020-06-30$-20,559
Expenses. Total of all expenses incurred2020-06-30$0
Benefits paid (including direct rollovers)2020-06-30$0
Total plan assets at end of year2020-06-30$182,799
Total plan assets at beginning of year2020-06-30$203,358
Value of fidelity bond covering the plan2020-06-30$75,000
Total contributions received or receivable from participants2020-06-30$1,721
Expenses. Other expenses not covered elsewhere2020-06-30$0
Contributions received from other sources (not participants or employers)2020-06-30$0
Other income received2020-06-30$-24,001
Noncash contributions received2020-06-30$0
Net income (gross income less expenses)2020-06-30$-20,559
Net plan assets at end of year (total assets less liabilities)2020-06-30$182,799
Net plan assets at beginning of year (total assets less liabilities)2020-06-30$203,358
Assets. Value of employer securities2020-06-30$179,357
Total contributions received or receivable from employer(s)2020-06-30$1,721
Value of certain deemed distributions of participant loans2020-06-30$0
Value of corrective distributions2020-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-06-30$0
2019 : FRANKLY COASTAL INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-06-30$0
Total income from all sources2019-06-30$203,358
Expenses. Total of all expenses incurred2019-06-30$0
Benefits paid (including direct rollovers)2019-06-30$0
Total plan assets at end of year2019-06-30$455,460
Total plan assets at beginning of year2019-06-30$252,102
Value of fidelity bond covering the plan2019-06-30$75,000
Total contributions received or receivable from participants2019-06-30$0
Expenses. Other expenses not covered elsewhere2019-06-30$0
Contributions received from other sources (not participants or employers)2019-06-30$0
Other income received2019-06-30$203,358
Noncash contributions received2019-06-30$0
Net income (gross income less expenses)2019-06-30$203,358
Net plan assets at end of year (total assets less liabilities)2019-06-30$455,460
Net plan assets at beginning of year (total assets less liabilities)2019-06-30$252,102
Assets. Value of employer securities2019-06-30$203,358
Total contributions received or receivable from employer(s)2019-06-30$0
Value of certain deemed distributions of participant loans2019-06-30$0
Value of corrective distributions2019-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-06-30$0
2017 : FRANKLY COASTAL INC. 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year2017-06-30$0
Total plan liabilities at beginning of year2017-06-30$0
Total income from all sources2017-06-30$16,045
Expenses. Total of all expenses incurred2017-06-30$0
Benefits paid (including direct rollovers)2017-06-30$0
Total plan assets at end of year2017-06-30$483,036
Total plan assets at beginning of year2017-06-30$466,991
Total contributions received or receivable from participants2017-06-30$0
Expenses. Other expenses not covered elsewhere2017-06-30$0
Contributions received from other sources (not participants or employers)2017-06-30$0
Other income received2017-06-30$16,045
Noncash contributions received2017-06-30$0
Net income (gross income less expenses)2017-06-30$16,045
Net plan assets at end of year (total assets less liabilities)2017-06-30$483,036
Net plan assets at beginning of year (total assets less liabilities)2017-06-30$466,991
Assets. Value of employer securities2017-06-30$483,036
Total contributions received or receivable from employer(s)2017-06-30$0
Value of certain deemed distributions of participant loans2017-06-30$0
Value of corrective distributions2017-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-06-30$0
2016 : FRANKLY COASTAL INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-06-30$0
Total plan liabilities at end of year2016-06-30$0
Total plan liabilities at beginning of year2016-06-30$0
Total income from all sources2016-06-30$-138,485
Expenses. Total of all expenses incurred2016-06-30$0
Benefits paid (including direct rollovers)2016-06-30$0
Total plan assets at end of year2016-06-30$466,991
Total plan assets at beginning of year2016-06-30$605,476
Value of fidelity bond covering the plan2016-06-30$75,000
Total contributions received or receivable from participants2016-06-30$0
Expenses. Other expenses not covered elsewhere2016-06-30$0
Contributions received from other sources (not participants or employers)2016-06-30$0
Other income received2016-06-30$-138,485
Noncash contributions received2016-06-30$0
Net income (gross income less expenses)2016-06-30$-138,485
Net plan assets at end of year (total assets less liabilities)2016-06-30$466,991
Net plan assets at beginning of year (total assets less liabilities)2016-06-30$605,476
Assets. Value of employer securities2016-06-30$466,991
Total contributions received or receivable from employer(s)2016-06-30$0
Value of certain deemed distributions of participant loans2016-06-30$0
Value of corrective distributions2016-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-06-30$0
2015 : FRANKLY COASTAL INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-06-30$0
Total plan liabilities at end of year2015-06-30$0
Total plan liabilities at beginning of year2015-06-30$0
Total income from all sources2015-06-30$605,476
Expenses. Total of all expenses incurred2015-06-30$0
Benefits paid (including direct rollovers)2015-06-30$0
Total plan assets at end of year2015-06-30$605,476
Total plan assets at beginning of year2015-06-30$0
Total contributions received or receivable from participants2015-06-30$0
Expenses. Other expenses not covered elsewhere2015-06-30$0
Contributions received from other sources (not participants or employers)2015-06-30$602,739
Other income received2015-06-30$2,737
Noncash contributions received2015-06-30$0
Net income (gross income less expenses)2015-06-30$605,476
Net plan assets at end of year (total assets less liabilities)2015-06-30$605,476
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$0
Assets. Value of employer securities2015-06-30$605,476
Total contributions received or receivable from employer(s)2015-06-30$0
Value of certain deemed distributions of participant loans2015-06-30$0
Value of corrective distributions2015-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-06-30$0

Form 5500 Responses for FRANKLY COASTAL INC. 401(K) PLAN

2021: FRANKLY COASTAL INC. 401(K) PLAN 2021 form 5500 responses
2021-07-01Type of plan entitySingle employer plan
2021-07-01Submission has been amendedNo
2021-07-01This submission is the final filingNo
2021-07-01This return/report is a short plan year return/report (less than 12 months)No
2021-07-01Plan is a collectively bargained planNo
2021-07-01Plan funding arrangement – TrustYes
2021-07-01Plan benefit arrangement - TrustYes
2020: FRANKLY COASTAL INC. 401(K) PLAN 2020 form 5500 responses
2020-07-01Type of plan entitySingle employer plan
2020-07-01Submission has been amendedNo
2020-07-01This submission is the final filingNo
2020-07-01This return/report is a short plan year return/report (less than 12 months)No
2020-07-01Plan is a collectively bargained planNo
2020-07-01Plan funding arrangement – TrustYes
2020-07-01Plan benefit arrangement - TrustYes
2019: FRANKLY COASTAL INC. 401(K) PLAN 2019 form 5500 responses
2019-07-01Type of plan entitySingle employer plan
2019-07-01Submission has been amendedNo
2019-07-01This submission is the final filingNo
2019-07-01This return/report is a short plan year return/report (less than 12 months)No
2019-07-01Plan is a collectively bargained planNo
2019-07-01Plan funding arrangement – TrustYes
2019-07-01Plan benefit arrangement - TrustYes
2018: FRANKLY COASTAL INC. 401(K) PLAN 2018 form 5500 responses
2018-07-01Type of plan entitySingle employer plan
2018-07-01Submission has been amendedNo
2018-07-01This submission is the final filingNo
2018-07-01This return/report is a short plan year return/report (less than 12 months)No
2018-07-01Plan is a collectively bargained planNo
2018-07-01Plan funding arrangement – TrustYes
2018-07-01Plan benefit arrangement - TrustYes
2017: FRANKLY COASTAL INC. 401(K) PLAN 2017 form 5500 responses
2017-07-01Type of plan entitySingle employer plan
2017-07-01Submission has been amendedNo
2017-07-01This submission is the final filingNo
2017-07-01This return/report is a short plan year return/report (less than 12 months)No
2017-07-01Plan is a collectively bargained planNo
2017-07-01Plan funding arrangement – TrustYes
2017-07-01Plan benefit arrangement - TrustYes
2016: FRANKLY COASTAL INC. 401(K) PLAN 2016 form 5500 responses
2016-07-01Type of plan entitySingle employer plan
2016-07-01Submission has been amendedNo
2016-07-01This submission is the final filingNo
2016-07-01This return/report is a short plan year return/report (less than 12 months)No
2016-07-01Plan is a collectively bargained planNo
2016-07-01Plan funding arrangement – TrustYes
2016-07-01Plan benefit arrangement - TrustYes
2015: FRANKLY COASTAL INC. 401(K) PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01Submission has been amendedNo
2015-07-01This submission is the final filingNo
2015-07-01This return/report is a short plan year return/report (less than 12 months)No
2015-07-01Plan is a collectively bargained planNo
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement - TrustYes
2014: FRANKLY COASTAL INC. 401(K) PLAN 2014 form 5500 responses
2014-08-30Type of plan entitySingle employer plan
2014-08-30First time form 5500 has been submittedYes
2014-08-30Submission has been amendedNo
2014-08-30This submission is the final filingNo
2014-08-30This return/report is a short plan year return/report (less than 12 months)Yes
2014-08-30Plan is a collectively bargained planNo
2014-08-30Plan funding arrangement – TrustYes
2014-08-30Plan benefit arrangement - TrustYes

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