401(k) · DOL Form 5500 · 2022
The Franklin Academy, Inc. 401(k) Plan
Data updated 2026-08-25
- $10M
- Total assets Small plan by assets
- 162
- Participants Small participant base
- 65th
- Percentile by assets National rank
- $61,123
- Avg per participant Low balance/head
Official DOL plan name: The Franklin Academy 401(k) Retirement Plan · Sponsored by The Franklin Academy, Inc. · North Carolina · Educational Services
$10M in assets, 162 participants
The Franklin Academy, Inc.'s The Franklin Academy 401(k) Retirement Plan reported $10M in total assets and 162 participants in its 2022 DOL Form 5500 filing, ranking in the 65th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #1,911 in Educational Services (4,024 peers)
Coverage in North Carolina
The Franklin Academy 401(k) Retirement Plan covers 162 participants in North Carolina, about 20% of the average North Carolina filer (state average ~819 per filing). Assets: $10M.
- #1,911
- in Educational Services (4,024 peers)
- -12.5%
- assets change YoY
The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Franklin Academy 401(k) Retirement Plan's mid-pack asset rank among Educational Services and all filers
The Franklin Academy 401(k) Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$9,901,866 Top 35% higher than 65% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Franklin Academy 401(k) Retirement Plan among mid-size filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Franklin Academy 401(k) Retirement Plan sits mid-pack in the medium band (162 participants).
Plan-year Form 5500 strip
Filing strip 562085431 · The Franklin Academy, Inc. PY 2022 · 401(k)
The Franklin Academy 401(k) Retirement Plan · $10M · 162 · 65th
- BOOK $10M
- BOOK 162
- BOOK 65th
- BOOK 401(k)
- BOOK near Retirement Unlimited 401(k) Plan
- BOOK ind #1911
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Educational Services retirement plans → · Plans in North Carolina →
The Franklin Academy 401(k) Retirement Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $11M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | -$1M |
| Employer EIN | 562085431 |
| Plan Effective Date | 2009-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Franklin Academy, Inc.)
Sponsor-wide plan assets over time
All The Franklin Academy, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $14M 36.79025751307885% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 162 | $10M |
| 2023 | 1 | 158 | $12M |
| 2024 | 1 | 166 | $14M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
The Franklin Academy 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Retirement Unlimited 401(k) Plan in VA ($10M); by covered participants it is News Communications Inc. 401(k) in TX (162 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10M here).
- Retirement Unlimited 401(k) Plan (VA) $10M · 1,763
- Wieland Designs, Inc. 401(k) Plan (IN) $10M · 182
- Georgia Dermatology & Skin Cancer Center, LLC 401(k) Profit Sharing Plan (GA) $10M · 171
- Maos, Inc. 401(k) Salary Savings Plan (NY) $10M · 280
Similar participant headcount
Nearest other-state filings by covered participants (162 participants); asset peers above are excluded.
- News Communications Inc. 401(k) (TX) 162 · 0 off
- Severson Group 401(k) Plan (CA) 162 · 0 off
- Essenhaus, Inc. 401(k) Retirement Plan & Trust (IN) 162 · 0 off
- A. L. Prime Energy Consultant, Inc. Retirement Plan (MA) 162 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.