Franchise Services, Inc. Retirement Savings Plan

Company:

Franchise Services, Inc.

Plan:

Plan Information
Plan Year	01/01/2010 — 12/31/2010
Effective Date of Plan	01/01/1987
Net Assets as of 12/31/2010	$12,613,077
Plan Number	2
Plan Type	Single Employer
Did the plan file for an extension of time or the DFVC Program?	No
Report Description	This is an amended report.

Participant Information as of 12/31/2010
Total	88
Total number of participants as of 01/01/2010	93
Number of participants with account balances	86

Financial Information as of 12/31/2010
Total Assets (EOY)	$12,613,077
Total Liabilities (EOY)	$0
Net Assets (EOY)	$12,613,077
Financial Information as of 01/01/2010
Total Assets (BOY)	$11,091,328
Total Liabilities (BOY)	$0
Net Assets (BOY)	$11,091,328
Income
Cash from Employers	$274,675
Cash from Participants	$539,539
Others (including rollovers)	$10,714
Other Income	$1,390,460
Total Income	$2,215,388
Net Income	$1,521,749
Expenses
Total Benefit Payments	$692,111
Corrective Distributions	$0
Administrative Service Providers	$1,528
Other Expenses	$0
Total Expenses	$693,639
Total Transfers	$0

Plan Administrator Information
Administrator Name	Franchise Services, Inc.
Address	26722 Plaza Mission Viejo, CA 92691 -6390
Telephone	(714) 348-5000
Administrator EIN	95-2571358

Benefits Provided Under the Plan
Code	Benefit	Description
2E	Profit-sharing	A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F	ERISA section 404(c) Plan	This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G	Total participant-directed account plan	Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J	Code section 401(k) feature	A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K	Code section 401(m) arrangement	Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T	Participant-directed Account	Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Question		Answer	Amount
1.	During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102?	No
2.	Were there any nonexempt transactions with any party-in-interest?	No
3.	Was this plan covered by a fidelity bond?	Yes	$500,000
4.	Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty?	No
5.	Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?	No
6.	Has the plan failed to provide any benefit when due under the plan?	No
7.	If this is an individual account plan, was there a blackout period?	No
8.	If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?