Plan Ledger DOL Form 5500 · updated monthly

Franke USA Holding Inc.401(k)

FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN · SMYRNA, TN · plan year 2024

Reported admin expense ratio · 2024
0.13%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Franke USA Holding Inc. reported $97,014 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,983 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.14% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 195th-largest of 1,496 plans among Tennessee employers on file, and the 2,209th of 13,661 in manufacturing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$82,121,025
Participants with balances980
Active participants777
Employer contributions$2,317,925
Employee contributions$4,789,435
Employer contribution per active participant$2,983
Average account balance$83,797
Benefits paid to participants$8,552,263
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$82.1M · 980 accts · $2.3M emplr
2023$71.7M · 999 accts · $2.3M emplr
2022$65.3M · 1,004 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,004
Investment management$71,910
Audit (IQPA)$4,100
Total administrative$97,014
The Franke USA Holding Inc. 401(k) match · 2024
Employer contribution per active participant$2,983
Median for plans this size$3,635
2024$2,983 per active participant
2023$2,873 per active participant
2022$2,723 per active participant

Franke USA Holding Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
CREATIVE PLANNING LLC · Investment advisory (plan)$71,910
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,154

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$97,014 · 0.13%
2023$91,604 · 0.13%
2022$102,517 · 0.14%
Same employer
Similar plansManufacturing · Tennessee
Granges Americas Inc. TN$97.9M · 0.31%
Workwear Outfitters, LLC TN$90.3M · 0.19%
Permobil, Inc TN$82.9M · 0.25%
Stratas Foods LLC TN$82.8M · 0.23%
Entrans International, LLC TN$79.8M · 0.30%
Malibu Boats, LLC TN$74.2M · 0.50%
Grain Craft, LLC TN$72.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510367592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.