Defined Benefit (Pension) · DOL Form 5500 · 2022

Franklin Electric Co., Inc. Pension Plan

Data updated 2026-08-25

$109M
Total assets Near avg plan size
249
Participants Below avg headcount
93rd
Percentile by assets National rank
$437,747
Avg per participant High balance/head
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Official DOL plan name: Franklin Electric Co., Inc. Pension Plan · Sponsored by Franklin Electric Co., Inc. · Indiana · Manufacturing

$109M in assets, 249 participants

Franklin Electric Co., Inc.'s Franklin Electric Co., Inc. Pension Plan reported $109M in total assets and 249 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd 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.

  • #18,462 in Manufacturing (20,602 peers)

Coverage in Indiana

Franklin Electric Co., Inc. Pension Plan covers 249 participants in Indiana, about 46% of the average Indiana filer (state average ~541 per filing). Assets: $109M.

#18,462
in Manufacturing (20,602 peers)
-21.8%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Franklin Electric Co., Inc. Pension Plan's outsized position by total assets

Franklin Electric Co., Inc. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$108,999,017 Top 7% higher than 93% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Franklin Electric Co., Inc. Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Electric Co., Inc. Pension Plan sits mid-pack in the medium band (249 participants).

Published 5500 schedule card

Filing strip 350827455 · Franklin Electric Co., Inc. PY 2022 · Defined Benefit (Pension)

Franklin Electric Co., Inc. Pension Plan · $109M · 249 · 93rd

  • EBSA $109M
  • PART 249
  • TYPE 93rd
  • NET Defined Benefit (Pension)
  • BOOK near Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II
  • VS-ST ind #18462

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 Co., Inc. Pension Plan in the asset neighbourhood

Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust IIEmblemhealth Services Compan…$109MFranklin Electric Co., Inc. Pension PlanFranklin Electric Co., Inc. …$109MBoca Raton Regional Hospital Employees Pension PlanBoca Raton Regional Hospital…$109MBoulder Community Health Retirement Plan and TrustBoulder Community Health Ret…$109MRaley's Group Pension Plan$109M
End-of-year total assets ($M) among Franklin Electric Co., Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$109M
Net Income-$30M
Employer EIN350827455
Plan Effective Date1964-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Electric Co., Inc.)

Sponsor-wide plan assets over time

All Franklin Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$359M 16.78907800979853% vs 2022
2024 filing year
$300M$320M$340M$360M$380M 202220232024 $307M $359M ▲ +16.8%
Year Plans Participants Total Assets
2022 2 1,898 $307M
2023 2 1,856 $344M
2024 2 1,799 $359M

Nearby Defined Benefit (Pension) Plans in Indiana

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Franklin Electric Co., Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -5051015 Total assets ($B) Participants Franklin Electric Co., Inc. Pension Plan, Total assets ($B): 0.108999017 · Participants: 249Franklin Electric Co., Inc. Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.231261789 · Participants: 16878The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.227971207 · Participants: 24119Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.488495807 · Participants: 9896Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.222287988 · Participants: 8650Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.05154978 · Participants: 2283Nisource Pension Plan
Franklin Electric Co., Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare Franklin Electric Co., Inc. Pension Plan side-by-side with 3 peers →

Franklin Electric Co., Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II in NY ($109M); by covered participants it is Iron Workers No 28 Pension Fund in VA (249 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (249 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Franklin Electric Co., Inc. Pension Plan assets move in 2022? ▼
Franklin Electric Co., Inc. Pension Plan declined sharply - down 21.8% during 2022, from $139M to $109M. Reported net income was -$30M.
How have Franklin Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Electric Co., Inc.'s sponsor-wide assets grew 16.8%, from $307M to $359M.
Where does Franklin Electric Co., Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Franklin Electric Co., Inc. Pension Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Franklin Electric Co., Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Emblemhealth Services Company, LLC Employees' Retirement Plan and Trust II in NY ($109M, 128 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Franklin Electric Co., Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Iron Workers No 28 Pension Fund in VA (249 participants, $49M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350827455.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.