401(k) · DOL Form 5500 · 2022
Franklin Electric Company 401(k) Plan
Data updated 2026-08-25
- $198M
- Total assets Near avg plan size
- 1,649
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $120,298
- Avg per participant Near avg balance/head
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.
- #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.
- #19,171
- in Manufacturing (20,602 peers)
- -16.8%
- assets change YoY
- 2.0×
- vs typical plan assets (national mean)
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.
Franklin Electric Retirement Program (Ferp)'s outsized position by total assets
Franklin Electric Retirement Program (Ferp) vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$198,371,191 Top 4% higher than 96% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Franklin Electric Retirement Program (Ferp)'s large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Electric Retirement Program (Ferp) lands in the large band (1,649 participants).
Form 5500 schedule snapshot
Filing strip 350827455 · Franklin Electric Company PY 2022 · 401(k)
Franklin Electric Retirement Program (Ferp) · $198M · 1,649 · 96th
- PART $198M
- TYPE 1,649
- NET 96th
- BOOK 401(k)
- VS-ST near Sky Chefs, Inc. Moneysmart 401(k) Savings and Retirement Plan
- BOY ind #19171
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Indiana →
Franklin Electric Retirement Program (Ferp) in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Franklin Electric Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $359M 16.78907800979853% vs 2022
- 2024 filing year
| 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.
- 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
Franklin Electric Retirement Program (Ferp)'s out-of-state 401(k) peers by assets and headcount
Outside Indiana, the nearest 401(k) by assets is Sky Chefs, Inc. Moneysmart 401(k) Savings and Retirement Plan in TX ($198M); by covered participants it is Extron Electronics 401(k) Plan in CA (1,649 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($198M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,649 participants); asset peers above are excluded.
- Extron Electronics 401(k) Plan (CA) 1,649 · 0 off
- Cambium Learning Profit Sharing Retirement Plan (TX) 1,649 · 0 off
- Norcal Harvesting, LLC 401(k) Plan (CA) 1,649 · 0 off
- Weir Group, Inc. 401(k) Plan (TX) 1,649 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.