Employers › 1st FRANKLIN FINANCIAL
Recordkeeping fees per participant · 1ST Franklin Financial 401(k) Retirement Plan · plan year 2024
$81.93
Higher than 60% of the 5,847 plans $50 to 250M that report it.
= $151,979 / 1,855
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709141037NAL0013061474001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709141037NAL0013061474001, received 2025-07-09
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-09.
Administrative expenses excluding investment management, per participant
$85.05
Higher than 45% of the 8,758 plans $50 to 250M that report it.
= $157,763 / 1,855
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709141037NAL0013061474001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709141037NAL0013061474001, received 2025-07-09
Administrative expenses per participant
$140.29
Higher than 53% of the 9,042 plans $50 to 250M that report it.
= $260,239 / 1,855
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709141037NAL0013061474001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709141037NAL0013061474001, received 2025-07-09
Administrative expenses as a share of assets
0.233%
Higher than 76% of the 9,049 plans $50 to 250M that report it.
= $260,239 / $111,666,936
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709141037NAL0013061474001, received 2025-07-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709141037NAL0013061474001, received 2025-07-09
Employer contributions per participant
$1,625
Higher than 23% of the 9,105 plans $50 to 250M that report it.
= $3,015,194 / 1,855
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709141037NAL0013061474001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709141037NAL0013061474001, received 2025-07-09
Employer share of total contributions
29.8%
Higher than 51% of the 9,112 plans $50 to 250M that report it.
= $3,015,194 / $10,131,786
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709141037NAL0013061474001, received 2025-07-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709141037NAL0013061474001, received 2025-07-09
Plan terms are described in 1st FRANKLIN FINANCIAL CORPORATION's SEC filings: Form 10-K filed 2026-03-31. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250709141037NAL0013061474001, received 2025-07-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | 1ST FRANKLIN FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Plan name | 1ST FRANKLIN FINANCIAL 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Sponsor EIN / plan number | 58-0521233 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Sponsor location | TOCCOA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Industry (business code) | 522291, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Filing received | 2025-07-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Participants, beginning of year | 1,954 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Active participants | 1,651 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Participants, end of year | 1,907 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Participants with an account balance | 1,855 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total assets, beginning of year | $102,486,823 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total assets, end of year | $111,666,936 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Net assets, end of year | $111,666,936 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total income | $22,262,976 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Net income | $9,180,113 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Employer contributions | $3,015,194 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Participant contributions | $6,579,993 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Other contributions (incl. rollovers) | $536,599 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total contributions | $10,131,786 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Benefit payments | $12,772,723 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total expenses (incl. benefit payments) | $13,082,863 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Total administrative expenses | $260,239 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Contract administrator fees | $5,784 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Recordkeeping fees | $151,979 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Investment advisory and management fees | $102,476 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Administrative expenses excluding investment management | $157,763 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Held in common/collective trusts | $60,820,399 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Held in mutual funds | $45,944,724 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250709141037NAL0013061474001, received 2025-07-09 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250709141037NAL0013061474001, received 2025-07-09 |
Position = column in the DOL layout for form year 2024. Filing 20250709141037NAL0013061474001, received 2025-07-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $167,577 | no |
| AON HEWITT INVESTMENT CONSULTING | NONE | 28 Investment management; 50 Direct payment from the plan | $109,950 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250709141037NAL0013061474001, received 2025-07-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $102,486,823 | $111,666,936 | 9.0% |
| Participants with a balance | 1,910 | 1,855 | -2.9% |
| Administrative expenses | $244,682 | $260,239 | 6.4% |
| Recordkeeping fees per participant | $75.03 | $81.93 | 9.2% |
| Employer contributions | $1,910,985 | $3,015,194 | 57.8% |
Prior filing 20240804151246NAL0000387201001, received 2024-08-04; the plan years are contiguous.
Sponsor name as filed: 1ST FRANKLIN FINANCIAL CORPORATION; SEC registrant: 1st FRANKLIN FINANCIAL CORP (CIK 38723, matched by EIN; display name from the Form 10-K cover).