401(k) · DOL Form 5500 · 2023

The Franklin Academy, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
158
Participants Small participant base
62nd
Percentile by assets National rank
$73,811
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: The Franklin Academy 401(k) Retirement Plan · Sponsored by The Franklin Academy, Inc. · North Carolina · Educational Services

$12M in assets, 158 participants

The Franklin Academy, Inc.'s The Franklin Academy 401(k) Retirement Plan reported $12M in total assets and 158 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.

  • #1,678 in Educational Services (3,735 peers)

Coverage in North Carolina

The Franklin Academy 401(k) Retirement Plan covers 158 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $12M.

#1,678
in Educational Services (3,735 peers)
+17.8%
assets growth YoY

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 2023 · DOL Form 5500

$11,662,099 Top 38% higher than 62% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Franklin Academy 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 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 (158 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Franklin Academy 401(k) Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Franklin Academy 401(k) Retirement Plan end-of-year assets rose from $10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • The Franklin Academy 401(k) Retirement Plan reported participants fell from 162 in the plan year 2022 filing to 158 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 562085431 · The Franklin Academy, Inc. PY 2023 · 401(k)

The Franklin Academy 401(k) Retirement Plan · $12M · 158 · 62nd

  • NET $12M
  • NET 158
  • NET 62nd
  • NET 401(k)
  • NET near Big Sandy Superstores 401(k) Plan
  • NET ind #1678

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

The Franklin Academy 401(k) Retirement PlanThe Franklin Academy 401(k) …$12MBig Sandy Superstores 401(k) PlanBig Sandy Superstores 401(k)…$12MThe Buncher 401(k) Plan$12MInsightec Inc 401(k) Profit Sharing Plan & TrustInsightec Inc 401(k) Profit …$12MSwedishamerican 401(k) Incentivesaver PlanSwedishamerican 401(k) Incen…$12M
End-of-year total assets ($M) among The Franklin Academy 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$12M
Net Income$2M
Employer EIN562085431
Plan Effective Date2009-01-01
Filing StatusFILING 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
$8M$10M$12M$14M 202220232024 $9.9M $13.5M ▲ +36.8%
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 Franklin Academy 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants The Franklin Academy 401(k) Retirement Plan, Total assets ($B): 0.011662099 · Participants: 158The Franklin Academy 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
The Franklin Academy 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare The Franklin Academy 401(k) Retirement Plan side-by-side with 3 peers →

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 Big Sandy Superstores 401(k) Plan in OH ($12M); by covered participants it is Harbinder S Brar Md Inc 401(k) Profit Sharing Plan & Trust in CA (158 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (158 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Franklin Academy 401(k) Retirement Plan assets move in 2023? ▼
The Franklin Academy 401(k) Retirement Plan grew sharply - up 17.8% during 2023, from $10M to $12M. Reported net income was $2M.
How have The Franklin Academy, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Franklin Academy, Inc.'s sponsor-wide assets grew 36.8%, from $10M to $14M.
Which 401(k) plans are similar in size to The Franklin Academy 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Big Sandy Superstores 401(k) Plan in OH ($12M, 596 participants).
Which 401(k) plans cover a similar participant headcount to The Franklin Academy 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Harbinder S Brar Md Inc 401(k) Profit Sharing Plan & Trust in CA (158 participants, $650K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 562085431.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.