Defined Benefit (Pension) · DOL Form 5500 · 2022
Franklin Electric Co., Inc. Pension Plan
Data updated 2026-08-06
- $109M
- Total assets
- 249
- Participants
- 93rd
- Percentile by assets
- $437,747
- Avg per participant
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.
- 93rd percentile by assets (of 139,258 plans)
- #18,485 in Manufacturing (20,629 peers)
Coverage in Indiana
Franklin Electric Co., Inc. Pension Plan covers 249 participants in Indiana, about 45% of the average Indiana filer (state average ~555 per filing). Assets: $109M.
- $109M
- total plan assets (2022 EOY)
- 249
- covered participants
- 93rd
- percentile by assets (of 139,258 plans)
- $437,747
- avg assets per participant
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.
Participants vs Indiana filers
In Indiana, the average filing covers about 555 participants across 2,178 plans. Franklin Electric Co., Inc. Pension Plan reports 249 participants - about 45% of that state average ($109M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $139M |
|---|---|
| Net Assets (End of Year) | $109M |
| Net Income | -$30M |
| Employer EIN | 350827455 |
| Plan Effective Date | 1964-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Franklin Electric Co., Inc.)
| 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
- The Lilly Retirement Plan $11.2B · 16,878
- Cummins Pension Plan $3.2B · 24,119
- Indiana Laborers Pension Fund $1.5B · 9,896
- Elevance Health Cash Balance Plan a $1.2B · 8,650
- Nisource Pension Plan $1.1B · 2,283
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Franklin Electric Co., Inc. Pension Plan by total assets, not by location.
Frequently Asked Questions
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Next read for Franklin Electric Co., Inc. Pension Plan
Filing takeaways
Ways to act on Franklin Electric Co., Inc. Pension Plan's numbers.
- By total assets, Franklin Electric Co., Inc. Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Indiana. Compare plans
- Franklin Electric Co., Inc.'s sponsor-wide assets have grown 16.8% since 2022 across 3 plan years on file. More Manufacturing plans