THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN
Plan Contact
- Address: 222 NORTH 20TH STREET,PHILADELPHIA,PA
- Contact person: SUZZETTE GRAVES
- Phone: (215) 448-1200
Plan General Information
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is $17,974,717.00.This plan was established in 2007.
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is 325
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is $55,306.00
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is $3,619.00.
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is approximately $1,604.00
Investing in this additonal $1,604.00 for 20 years would give you extra $102,683.00, assuming a 10% annual return.
Investing in this additonal $1,604.00 for 20 years would give you extra $102,683.00, assuming a 10% annual return.
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Total Employer Contribution and Match Rate
In 2023, THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN allocates $521,441.00 to match its employees' contributions, providing an employer match rate of 88.66% of their contributions
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is 19.27%.
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is 18.00%. This measures the effectiveness of the plan participants' investments in the year.
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN Expense Ratio
In 2023, the investment and administrative expense ratio of THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN is 0.11%.
Enrollment Features
THE FRANKLIN INSTITUTE RETIREMENT SAVINGS PLN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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