Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

FRANKE USA HOLDING INC.

This Profit Sharing plan holds $72M in total assets and serves 802 participants as of 2023. It is sponsored by FRANKE USA HOLDING INC. in Tennessee. The plan reported positive net income of $6M for the year.

Total Assets (2023)
$72M
Participants
802
State
Industry
Manufacturing

What the Filing Says About FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN

FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN is a Profit Sharing retirement plan sponsored by FRANKE USA HOLDING INC., headquartered in Tennessee. As of the 2023 Form 5500 filing, the plan reports $72M in total end-of-year assets and covers 802 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 510367592, and the plan has been effective since 1989-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $65M at the beginning of 2023 to $72M at year-end — a gain of 9.8%. Net assets (after liabilities) closed the year at $72M, with reported net income of $6M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$65M
Total Assets (End of Year)$72M
Net Assets (End of Year)$72M
Net Income$6M
Plan TypeProfit Sharing
Employer EIN510367592
Plan Effective Date1989-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (FRANKE USA HOLDING INC.)

Year Plans Participants Total Assets
2022 1 751 $65M
2023 1 802 $72M
2024 1 796 $82M

Nearby Profit Sharing Plans in Tennessee

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Frequently Asked Questions

How much money is in the FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN?
As of the 2023 Form 5500 filing, FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN holds $72M in total assets with 802 participants. It is sponsored by FRANKE USA HOLDING INC..
What type of plan is FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN?
FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN is a Profit Sharing plan. It has been effective since 1989-02-01. The plan is filed with the U.S. Department of Labor under EIN 510367592.
Who sponsors the FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN?
FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN is sponsored by FRANKE USA HOLDING INC., located in Tennessee. The sponsor's EIN is 510367592 and the plan operates in the Manufacturing industry.
How did FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN perform in 2023?
FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN grew by 9.8% during 2023, moving from $65M to $72M in total assets. Net income was $6M.
Where can I find official filings for FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN?
Official Form 5500 filings for FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 510367592 or plan name at efast.dol.gov.
How does FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN compare to other plans?
You can compare FRANKE USA HOLDING, INC. SAVINGS PLUS PLAN against other Profit Sharing plans on the plan type page, or view plans in Tennessee on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 510367592.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.