401(k) · DOL Form 5500 · 2022
Franklin Electric Company 401(k) Plan
Data updated 2026-08-11
- $198M
- Total assets
- 1,649
- Participants
- 96th
- Percentile by assets
- $120,298
- Avg per participant
Official DOL plan name: Franklin Electric Retirement Program (Ferp) · Sponsored by Franklin Electric Company · Indiana · Manufacturing
$198M in assets, 1,649 participants
Franklin Electric Company's Franklin Electric Retirement Program (Ferp) reported $198M in total assets and 1,649 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 139,126 plans)
- #19,171 in Manufacturing (20,602 peers)
Coverage in Indiana
Franklin Electric Retirement Program (Ferp) covers 1,649 participants in Indiana, 3.0x the typical Indiana plan (state average ~541 per filing). Assets: $198M.
- $198M
- total plan assets (2022 EOY)
- 1,649
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $120,298
- avg assets per participant
The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. Franklin Electric Retirement Program (Ferp) reports 1,649 participants - 3.0x that state average ($198M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $238M |
|---|---|
| Net Assets (End of Year) | $198M |
| Net Income | -$40M |
| Employer EIN | 350827455 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Franklin Electric Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,898 | $307M |
| 2023 | 2 | 1,856 | $344M |
| 2024 | 2 | 1,799 | $359M |
Nearby 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Franklin Electric Retirement Program (Ferp) vs. nearby 401(k) plans in Indiana, assets vs. participants
- Elevance Health 401(k) Plan $9.5B · 71,898
- The Lilly Employee 401(k) Plan $8.9B · 15,607
- Cummins Retirement and Savings Plan $4.4B · 23,710
- Iu Health 401(k) Savings Plan $3.2B · 39,243
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $2.0B · 8,632
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Franklin Electric Retirement Program (Ferp) by total assets, not by location.
- Sky Chefs, Inc. Moneysmart 401(k) Savings and Retirement Plan (TX) $198M · 8,737
- Starfish Holdings 401(k) Retirement Plan (AL) $198M · 1,304
- Willscot Mobile Mini 401(k) Plan (AZ) $198M · 3,351
- Harnish Group Inc. Retirement Plan (WA) $198M · 1,045
Frequently Asked Questions
How did Franklin Electric Retirement Program (Ferp) assets move in 2022? ▼
How have Franklin Electric Company plan assets changed over time? ▼
Where does Franklin Electric Retirement Program (Ferp) rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Franklin Electric Retirement Program (Ferp)? ▼
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Filing takeaways
Ways to act on Franklin Electric Retirement Program (Ferp)'s numbers.
- By total assets, Franklin Electric Retirement Program (Ferp) ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Indiana. Compare plans
- Franklin Electric Company's sponsor-wide assets have grown 16.8% since 2022 across 3 plan years on file. More Manufacturing plans