Plan Ledger DOL Form 5500 · updated monthly

Franklin Mutual Insurance Company401(k)

FRANKLIN MUTUAL PROFIT SHARING PLAN · BRANCHVILLE, NJ · plan year 2021

Reported admin expense ratio · 2021
0.00%

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

Franklin Mutual Insurance Company reported $30 in plan administrative expenses for 2021: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,932 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 109 comparable plans and shown alongside other finance & insurance employers. By assets it is the 719th-largest of 2,419 plans among New Jersey employers on file, and the 2,126th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$36,125,037
Participants with balances129
Active participants111
Employer contributions$991,461
Employee contributions—
Employer contribution per active participant$8,932
Average account balance$280,039
Benefits paid to participants$3,202,836
Plan auditUnmodified (clean) audit opinion
AuditorBROWN PLUS
Plan history4
Yearassets · accounts · employer contribution
2024$31.3M · 154 accts · $1.8M emplr
2023$30.2M · 145 accts · $1.7M emplr
2022$26.5M · 139 accts · $546K emplr
2021$36.1M · 129 accts · $991K emplr
The Franklin Mutual Insurance Company 401(k) match · 2021
Employer contribution per active participant$8,932
Median for plans this size$2,122
2024$14,904 per active participant
2023$14,870 per active participant
2022$4,551 per active participant
2021$8,932 per active participant

Franklin Mutual Insurance Company's 2021 employer contribution ran above the $2,122 median for plans its size, placing it in the top quarter of its peers. 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 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2024Not separately reported
2023Not separately reported
2022Not separately reported
2021$30 · 0.00%
Similar plansFinance & Insurance · New Jersey
Manasquan Bank NJ$38.3M · 0.25%
Sturdy Savings Bank NJ$36.7M · 0.18%
Jimcor Agency, Inc NJ$33.3M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 220923502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.