Franchise Update Inc.
Plan context: Franchise Update 401(K) Profit Sharing Plan
EIN 77-0405774 • San Jose, CA • 5 filings • 1 plans
Current Snapshot
Latest Year
2025
2025 Participants
24
2025 Assets
$3,080,148
2025 Contributions
$287,204
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
Company Timeline
Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.
| Year / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2025 | 1 | 0 | $0 | $0 | - |
| Franchise Update 401(K) Profit Sharing Plan | - | 0 | $0 | $0 | - |
| 2024 | 1 | 24 | $3,080,148 | $287,204 | $11,967iApproximate average salary by contribution assumption: employee only about $299,171 at 4% or $199,447 at 6%; with 50% employer match about $199,447 at 4% or $132,965 at 6%; with 100% employer match about $149,585 at 4% or $99,724 at 6%. |
| Franchise Update 401(K) Profit Sharing Plan | - | 24 | $3,080,148 | $287,204 | $11,967iApproximate average salary by contribution assumption: employee only about $299,171 at 4% or $199,447 at 6%; with 50% employer match about $199,447 at 4% or $132,965 at 6%; with 100% employer match about $149,585 at 4% or $99,724 at 6%. |
| 2023 | 1 | 25 | $3,425,630 | $301,914 | $12,077iApproximate average salary by contribution assumption: employee only about $301,914 at 4% or $201,276 at 6%; with 50% employer match about $201,276 at 4% or $134,184 at 6%; with 100% employer match about $150,957 at 4% or $100,638 at 6%. |
| Franchise Update 401(K) Profit Sharing Plan | - | 25 | $3,425,630 | $301,914 | $12,077iApproximate average salary by contribution assumption: employee only about $301,914 at 4% or $201,276 at 6%; with 50% employer match about $201,276 at 4% or $134,184 at 6%; with 100% employer match about $150,957 at 4% or $100,638 at 6%. |
| 2022 | 1 | 23 | $2,729,083 | $123,596 | $5,374iApproximate average salary by contribution assumption: employee only about $134,343 at 4% or $89,562 at 6%; with 50% employer match about $89,562 at 4% or $59,708 at 6%; with 100% employer match about $67,172 at 4% or $44,781 at 6%. |
| Franchise Update 401(K) Profit Sharing Plan | - | 23 | $2,729,083 | $123,596 | $5,374iApproximate average salary by contribution assumption: employee only about $134,343 at 4% or $89,562 at 6%; with 50% employer match about $89,562 at 4% or $59,708 at 6%; with 100% employer match about $67,172 at 4% or $44,781 at 6%. |
| 2021 | 1 | 24 | $3,152,860 | $228,551 | $9,523iApproximate average salary by contribution assumption: employee only about $238,074 at 4% or $158,716 at 6%; with 50% employer match about $158,716 at 4% or $105,811 at 6%; with 100% employer match about $119,037 at 4% or $79,358 at 6%. |
| Franchise Update 401(K) Profit Sharing Plan | - | 24 | $3,152,860 | $228,551 | $9,523iApproximate average salary by contribution assumption: employee only about $238,074 at 4% or $158,716 at 6%; with 50% employer match about $158,716 at 4% or $105,811 at 6%; with 100% employer match about $119,037 at 4% or $79,358 at 6%. |