Defined Benefit (Pension) · DOL Form 5500 · 2023

Franklin Electric Co., Inc. Pension Plan

Data updated 2026-08-25

$107M
Total assets Near avg plan size
220
Participants Below avg headcount
92nd
Percentile by assets National rank
$487,844
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

$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.

  • #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.

#16,391
in Manufacturing (18,722 peers)
-1.5%
assets change YoY
1.1×
vs typical plan assets (national mean)

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.

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 2023 · DOL Form 5500

$107,325,715 Top 8% higher than 92% of 127,068 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 2023

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

Plan-year 2023 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 (220 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 350827455 · Franklin Electric Co., Inc. PY 2023 · Defined Benefit (Pension)

Franklin Electric Co., Inc. Pension Plan · $107M · 220 · 92nd

  • IND $107M
  • EOY 220
  • 5500 92nd
  • ASSETS Defined Benefit (Pension)
  • PCT near Exeter Health Resources, Inc. Account Balance Pension Plan
  • EIN ind #16391

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

Teamsters Union Local No. 52 Pension FundTeamsters Union Local No. 52…$107MOhio Bricklayers Pension Plan$107MFranklin Electric Co., Inc. Pension PlanFranklin Electric Co., Inc. …$107MExeter Health Resources, Inc. Account Balance Pension PlanExeter Health Resources, Inc…$107MNg Master Inactive Qualified PlanNg Master Inactive Qualified…$107M
End-of-year total assets ($M) among Franklin Electric Co., Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$109M
Net Assets (End of Year)$107M
Net Income-$2M
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): 0.107325715 · Participants: 220Franklin Electric Co., Inc. Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.063713087 · Participants: 2174Nisource 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 Exeter Health Resources, Inc. Account Balance Pension Plan in NH ($107M); by covered participants it is Bar & Restaurant and on-Sale Pension Plan in MN (220 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($107M here).

Similar participant headcount

Nearest other-state filings by covered participants (220 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Franklin Electric Co., Inc. Pension Plan edged down modestly - down 1.5% during 2023, from $109M to $107M. Reported net income was -$2M.
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 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Exeter Health Resources, Inc. Account Balance Pension Plan in NH ($107M, 1,306 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 Bar & Restaurant and on-Sale Pension Plan in MN (220 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.