401(k) · DOL Form 5500 · 2024
Franklin Electric Company 401(k) Plan
Data updated 2026-08-11
- $258M
- Total assets
- 1,594
- Participants
- 95th
- Percentile by assets
- $161,860
- Avg per participant
Official DOL plan name: Franklin Electric Co., Inc. Retirement Program · Sponsored by Franklin Electric Company · Indiana · Manufacturing
$258M in assets, 1,594 participants
Franklin Electric Company's Franklin Electric Co., Inc. Retirement Program reported $258M in total assets and 1,594 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 123,622 plans)
- #16,466 in Manufacturing (17,777 peers)
Coverage in Indiana
Franklin Electric Co., Inc. Retirement Program covers 1,594 participants in Indiana, 2.9x the typical Indiana plan (state average ~541 per filing). Assets: $258M.
- $258M
- total plan assets (2024 EOY)
- 1,594
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $161,860
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Franklin Electric Co., Inc. Retirement Program reported net income fell from $38M in the plan year 2023 filing to $21M in the plan year 2024 filing.
- Franklin Electric Co., Inc. Retirement Program end-of-year assets rose from $237M in the plan year 2023 filing to $258M in the plan year 2024 filing.
- Franklin Electric Co., Inc. Retirement Program reported participants fell from 1,636 in the plan year 2023 filing to 1,594 in the plan year 2024 filing.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. Franklin Electric Co., Inc. Retirement Program reports 1,594 participants - 2.9x that state average ($258M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $237M |
|---|---|
| Net Assets (End of Year) | $258M |
| Net Income | $21M |
| Employer EIN | 350827455 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Franklin Electric Company)
| 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.
Franklin Electric Co., Inc. Retirement Program vs. nearby 401(k) plans in Indiana, assets vs. participants
- The Lilly Employee 401(k) Plan $13.1B · 19,977
- Elevance Health 401(k) Plan $12.1B · 73,120
- Cummins Retirement and Savings Plan $6.4B · 30,272
- Iu Health 401(k) Savings Plan $4.5B · 38,460
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $3.0B · 9,385
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Franklin Electric Co., Inc. Retirement Program by total assets, not by location.
- Hawaii Carpenters 401(k) Fd (HI) $258M · 6,413
- Blackberry Corporation 401(k) Retirement Savings Plan (TX) $258M · 901
- Fruit of the Loom 401(k) Retirement Savings Plan (KY) $258M · 1,534
- Seneca Foods Corporation Employees' Savings Plan (NY) $258M · 6,353
Frequently Asked Questions
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Filing takeaways
Ways to act on Franklin Electric Co., Inc. Retirement Program's numbers.
- By total assets, Franklin Electric Co., Inc. Retirement Program ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Indiana. Compare plans
- Franklin Electric Company's sponsor-wide assets have grown 16.8% since 2022 across 3 plan years on file. More Manufacturing plans