How big is Franklin Academy Foundation, Inc.'s plan?

Franklin Academy Foundation, Inc.'s plan reported $8.7M in assets and 713 participants for 2023.

Original filing (PDF)20250219083451NAL0003310675001

Franklin Academy Foundation, Inc.

Name: Franklin Academy Foundation, Inc. — Franklin Academy, Form 5500 (2023)
Creator: Franklin Academy Foundation, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Franklin Academy Retirement Plan

401(k) retirement plan · Franklin Academy Foundation, Inc.'s Franklin Academy Retirement Plan held $8.7M in plan assets for 713 participants in 2023, with Ameritas Life Insurance Corporation as recordkeeper.

Signals · 2

Possibly inadequate fidelity bondCorrective distributions issued

Active participants

713

Accounts w/ balance

432

Plan assets (EOY)

$8.7M

Net assets (EOY)

$8.7M

People on this filing

Scott Sznitken signed Franklin Academy Foundation, Inc.'s 2023 Form 5500 as plan administrator.

Scott Sznitken — Plan Administrator — Form 5500 signer
Richard Moreno — Employer / Plan Sponsor — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Franklin Academy Foundation, Inc.'s EIN is 27-2123983.

EIN 27-2123983

Plan number 001

Plan year 2023

ACK ID 20250219083451NAL0003310675001

Official Form 5500 document

Download the official 2023 Form 5500 (PDF) for Franklin Academy Foundation, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2023 Form 5500 (PDF)

Plan features

Franklin Academy Foundation, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for FRANKLIN ACADEMY FOUNDATION, INC..

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How this plan invests

This plan

1 pooled trust

Schedule D

53 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).
Fidelity bond appears below the 10%-of-assets requirement.
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (17th percentile).

Helping the score

Below-peer total plan cost (90th percentile).

Plan sponsor

Name

FRANKLIN ACADEMY FOUNDATION, INC.

EIN

all filings

Address

1225 SE 2ND AVE · FT. LAUDERDALE, FL · 33316

Phone

(954) 703-2294

Industry

Educational Services

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2023

Plan year begin

2023-07-01

Tax period

2024-06-30

Filed

2025-02-19

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

1 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
AMERITAS LIFE INSURANCE CORPORATION	47-0098400	—	RECORDKEEPER	$3K	—

Investments

53 direct securities · 1 pooled fund· $17.1M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Pooled Separate Account

$8.5M

1 holding

Other securities

$7.1M

33 holdings

Mutual Funds

$790K

15 holdings

Common Collective Trusts

$435K

2 holdings

Common Stocks

$121K

1 holding

Pooled Separate Accounts

$118K

1 holding

Bonds / Notes

$39K

Fund families in this plan

Detected from the parsed Schedule of Assets. Click a family to see every plan that holds it — ranked by position size.

T. Rowe Price$4.0M American Century$1.7M Vanguard$474K JPMorgan$406K Janus Henderson$186K MFS$153K Fidelity$132K American Funds (Capital Group)$102K Franklin Templeton$49K

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Auditor

VERDEJA,DE ARMAS,TRUJILLO,ALVAREZ

Trustee / custodian

—

					% of plan
SEPARATE ACCOUNT G AMERITAS LIFE INSURANCE CORP · EIN 47-0098400 / PN 001	Pooled Separate Account	—	—	$8.5M	98.2%
T. Rowe T. ROWE PRICE RETIREMENT 2050, ADVISOR CLASS	Other securities	—	—	$1.1M	12.5%
T. Rowe T. ROWE PRICE RETIREMENT 2040, ADVISOR CLASS	Other securities	—	—	$1.1M	12.2%
American Century AMERICAN CENTURY ONE CHOICE 2045, INVESTOR CLASS	Other securities	—	—	$744K	8.6%
T. Rowe T. ROWE CAPITAL APPRECIATION, ADVISOR CLASS	Other securities	—	—	$670K	7.7%
T. Rowe T. ROWE PRICE RETIREMENT 2030, ADVISOR CLASS	Other securities	—	—	$664K	7.7%
Vanguard 500 INDEX ADMIRAL SHARE	Common Collective Trusts	—	—	$372K	4.3%
T. Rowe T. ROWE PRICE RETIREMENT 2045, ADVISOR CLASS	Other securities	—	—	$372K	4.3%
American Century AMERICAN CENTURY ONE CHOICE 2035, INVESTOR CLASS	Other securities	—	—	$369K	4.3%
JP Morgan JP MORGAN LARGE CAP GROWTH FUND CLASS R6	Other securities	—	—	$337K	3.9%
American Century AMERICAN CENTURY ONE CHOICE 2025, INVESTOR CLASS	Other securities	—	—	$277K	3.2%
Alger Capital Apreciation ALGER CAPITAL APPRECIATION, CLASS I-2	Other securities	—	—	$222K	2.6%
Janus Henderson JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION	Mutual Funds	—	—	$186K	2.2%
T. Rowe T. ROWE PRICE RETIREMENT 2020, ADVISOR CLASS	Other securities	—	—	$181K	2.1%
T. Rowe T. ROWE PRICE RETIREMENT 2055, ADVISOR CLASS	Other securities	—	—	$173K	2.0%
Baron Small Cap BARON SMALL CAP, RETAIL SHARES	Other securities	—	—	$160K	1.8%
T. Rowe T. ROWE PRICE RETIREMENT 2035, ADVISOR CLASS	Other securities	—	—	$123K	1.4%
GUARANTEED INVESTMENT ACCOUNT * Ameritas Life Insurance Corp. Ameritas Guaranteed Account	Common Stocks	—	—	$121K	1.4%
s * American Century AMERICAN CENTURY ONE CHOICE, INVESTOR CLASS	Pooled Separate Accounts	—	—	$118K	1.4%
MFS Value MFS VALUE, CLASS R3	Mutual Funds	—	—	$114K	1.3%
T. Rowe T. ROWE PRICE RETIREMENT 2060, ADVISOR CLASS	Other securities	—	—	$110K	1.3%
Cohen & Steers COHEN & STEERS RE SECURITIES FUND, CLASS A	Other securities	—	—	$85K	1.0%
T. Rowe T. ROWE PRICE RETIREMENT 2025, ADVISOR CLASS	Other securities	—	—	$84K	1.0%
Fidelity Advisor FIDELITY ADVISOR STRATEGIC INCOME, CLASS A	Mutual Funds	—	—	$81K	0.9%
American Century AMERICAN CENTURY ONE CHOICE 2055, INVESTOR CLASS	Other securities	—	—	$67K	0.8%
American Century AMERICAN FUNDS GROWTH FUND OF	Mutual Funds	—	—	$67K	0.8%
MFS Utilities, Class R3 MFS UTILITIES, CLASS R3	Mutual Funds	—	—	$67K	0.8%
Vanguard MID-CAP INDEX FUND ADMIRAL	Common Collective Trusts	—	—	$63K	0.7%
Fidelity VIP Government FIDELITY VIP GOVERNMENT MONEY MARKET PORTFOLIO	Mutual Funds	—	—	$50K	0.6%
T. Rowe T. ROWE PRICE RETIREMENT BALANCED, ADVISOR CLASS	Other securities	—	—	$49K	0.6%
JP Morgan JP MORGAN MID CAP GROWTH CLASS R6	Other securities	—	—	$49K	0.6%
Utilities FRANKLIN UTILITIES FUND	Mutual Funds	—	—	$49K	0.6%
MFS International New Discovery MFS INTERNATIONAL NEW DISCOVERY, CLASS R3	Mutual Funds	—	—	$44K	0.5%
Participant Loans (Rate of Interest 4.25% to 9.5%)	Bonds / Notes	—	—	$39K	0.5%
MFS Value MFS MID CAP VALUE FUND CLASS	Mutual Funds	—	—	$39K	0.4%
American Century AMERICAN CENTURY SMALL CAP VALUE, INVESTOR CLASS	Other securities	—	—	$39K	0.4%
BNY Mellon BNY MELLON NATURAL RES FUND, CLASS A	Other securities	—	—	$38K	0.4%
Metwest Total METWEST TOTAL RETURN BOND, M	Other securities	—	—	$33K	0.4%
T. Rowe T. ROWE PRICE RETIREMENT 2010, ADVISOR CLASS	Other securities	—	—	$28K	0.3%
T. Rowe T. ROWE PRICE RETIREMENT 2065, ADVISOR CLASS	Other securities	—	—	$26K	0.3%
Vanguard SMALL CAP INDEX ADMIRAL SHARES	Mutual Funds	—	—	$23K	0.3%
American Century AMERICAN CENTURY ONE CHOICE 2050, INVESTOR CLASS	Other securities	—	—	$22K	0.3%
JP Morgan JP MORGAN U.S. EQUITY FUND CLASS R6	Other securities	—	—	$21K	0.2%
Doge & Cox DODGE & COX INCOME FUND	Mutual Funds	—	—	$20K	0.2%
JUNE 30, 2024 * American Century AMERICAN FUNDS SMALLCAP WORLD, CLASS R4	Mutual Funds	—	—	$18K	0.2%
Vanguard INFLATION-PROTECTED SECURITIES ADMIRAL SHARES	Mutual Funds	—	—	$16K	0.2%
American Century AMERICAN CENTURY ONE CHOICE 2040, INVESTOR CLASS	Other securities	—	—	$16K	0.2%
American Century AMERICAN CENTURY ONE CHOICE 2065, INVESTOR CLASS ** 142 * Blackrock STRATEGIC GLOBAL BOND FUND, CLASS T	Other securities	—	—	$14K	0.2%
American Century AMERICAN CENTURY ONE CHOICE 2060, INVESTOR CLASS	Other securities	—	—	$14K	0.2%
American Funds AMERICAN FUNDS NEW PERSPECTIVE FUND	Mutual Funds	—	—	$14K	0.2%

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