Plan Ledger DOL Form 5500 · updated monthly

Franklin Sports Inc.401(k)

FRANKLIN SPORTS, INC. 401(K) PLAN · STOUGHTON, MA · plan year 2024

Employer contribution per participant · 2024
$4,843

Franklin Sports Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $43,514,056 across 285 participant accounts, with employer contributions averaging $4,843 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.03% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 773rd-largest of 2,726 plans among Massachusetts employers on file, and the 954th of 4,246 in wholesale trade. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,514,056
Participants with balances285
Active participants243
Employer contributions$1,176,746
Employee contributions$1,782,064
Employer contribution per active participant$4,843
Average account balance$152,681
Benefits paid to participants$1,934,225
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$43.5M · 285 accts · $1.2M emplr
2023$36.1M · 275 accts · $1.0M emplr
2022$28.4M · 258 accts · $941K emplr
Administrative expenses, itemized · 2024
Investment management$36,225
Total administrative-$19,159
The Franklin Sports Inc. 401(k) match · 2024
Employer contribution per active participant$4,843
Median for plans this size$2,416
2024$4,843 per active participant
2023$4,436 per active participant
2022$4,147 per active participant

Franklin Sports Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20243
PENSIONMARK FINANCIAL GROUP · Investment advisory (plan)$30,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,225
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$2,315 · 0.01%
2022$10,359 · 0.03%
Same employer
Similar plansWholesale Trade · Massachusetts
Brockway-Smith Company MA$47.1M · 0.14%
Plumbers' Supply Company MA$46.1M · 0.34%
Boch Enterprises MA$42.3M · 0.30%
Lbd Parent Holdings LLC MA$37.5M · 0.36%
Burke Distributing Co. LLC MA$35.1M · 0.13%
Source Code Holdings LLC MA$34.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042295365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.