Defined Benefit (Pension) · DOL Form 5500 · 2023
Franklin Electric Co., Inc. Pension Plan
Data updated 2026-08-11
- $107M
- Total assets
- 220
- Participants
- 92nd
- Percentile by assets
- $487,844
- Avg per participant
Official DOL plan name: Franklin Electric Co., Inc. Pension Plan · Sponsored by Franklin Electric Co., Inc. · Indiana · Manufacturing
$107M in assets, 220 participants
Franklin Electric Co., Inc.'s Franklin Electric Co., Inc. Pension Plan reported $107M in total assets and 220 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 127,072 plans)
- #16,391 in Manufacturing (18,722 peers)
Coverage in Indiana
Franklin Electric Co., Inc. Pension Plan covers 220 participants in Indiana, about 41% of the average Indiana filer (state average ~541 per filing). Assets: $107M.
- $107M
- total plan assets (2023 EOY)
- 220
- covered participants
- 92nd
- percentile by assets (of 127,072 plans)
- $487,844
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Franklin Electric Co., Inc. Pension Plan reported net income rose from -$30M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
- Franklin Electric Co., Inc. Pension Plan reported participants fell from 249 in the plan year 2022 filing to 220 in the plan year 2023 filing.
- Franklin Electric Co., Inc. Pension Plan end-of-year assets fell from $109M in the plan year 2022 filing to $107M in the plan year 2023 filing.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. Franklin Electric Co., Inc. Pension Plan reports 220 participants - about 41% of that state average ($107M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $109M |
|---|---|
| Net Assets (End of Year) | $107M |
| Net Income | -$2M |
| 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 $11.7B · 19,111
- Cummins Pension Plan $3.3B · 26,560
- Indiana Laborers Pension Fund $1.7B · 10,800
- Elevance Health Cash Balance Plan a $1.3B · 8,197
- Nisource Pension Plan $1.1B · 2,174
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.
- Exeter Health Resources, Inc. Account Balance Pension Plan (NH) $107M · 1,306
- Ohio Bricklayers Pension Plan (MI) $107M · 618
- Ng Master Inactive Qualified Plan (VA) $107M · N/A
- Teamsters Union Local No. 52 Pension Fund (OH) $107M · 109
Frequently Asked Questions
How did Franklin Electric Co., Inc. Pension Plan assets move in 2023? ▼
How have Franklin Electric Co., Inc. plan assets changed over time? ▼
Where does Franklin Electric Co., Inc. Pension Plan rank by assets among Form 5500 filers? ▼
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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