401(k) · DOL Form 5500 · 2024

Franklin Electric Company 401(k) Plan

Data updated 2026-08-25

$258M
Total assets Near avg plan size
1,594
Participants Near avg headcount
95th
Percentile by assets National rank
$161,860
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#16,466
in Manufacturing (17,777 peers)
+9.0%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Franklin Electric Co., Inc. Retirement Program's outsized position by total assets

Franklin Electric Co., Inc. Retirement Program vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$258,004,744 Top 5% higher than 95% of 123,620 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 2024

Franklin Electric Co., Inc. Retirement Program's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Electric Co., Inc. Retirement Program lands in the large band (1,594 participants).

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.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 350827455 · Franklin Electric Company PY 2024 · 401(k)

Franklin Electric Co., Inc. Retirement Program · $258M · 1,594 · 95th

  • PCT $258M
  • EIN 1,594
  • RANK 95th
  • PHOTO 401(k)
  • IND near Hawaii Carpenters 401(k) Fd
  • EOY ind #16466

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. Retirement Program in the asset neighbourhood

Seneca Foods Corporation Employees' Savings PlanSeneca Foods Corporation Emp…$258MBlackberry Corporation 401(k) Retirement Savings PlanBlackberry Corporation 401(k…$258MFruit of the Loom 401(k) Retirement Savings PlanFruit of the Loom 401(k) Ret…$258MFranklin Electric Co., Inc. Retirement ProgramFranklin Electric Co., Inc. …$258MHawaii Carpenters 401(k) Fd$258M
End-of-year total assets ($M) among Franklin Electric Co., Inc. Retirement Program and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$237M
Net Assets (End of Year)$258M
Net Income$21M
Employer EIN350827455
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Electric Company)

Sponsor-wide plan assets over time

All Franklin Electric Company 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 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 Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Franklin Electric Co., Inc. Retirement Program, Total assets ($B): 0.258004744 · Participants: 1594Franklin Electric Co., Inc. Retirement ProgramThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Franklin Electric Co., Inc. Retirement Program vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Franklin Electric Co., Inc. Retirement Program side-by-side with 3 peers →

Franklin Electric Co., Inc. Retirement Program's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Hawaii Carpenters 401(k) Fd in HI ($258M); by covered participants it is Stew Leonard's 401(k) Savings and Retirement Plan in CT (1,594 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($258M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,594 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Franklin Electric Co., Inc. Retirement Program assets move in 2024? ▼
Franklin Electric Co., Inc. Retirement Program grew at a solid clip - up 9.0% during 2024, from $237M to $258M. Reported net income was $21M.
How have Franklin Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Electric Company's sponsor-wide assets grew 16.8%, from $307M to $359M.
Where does Franklin Electric Co., Inc. Retirement Program rank by assets among Form 5500 filers? ▼
Franklin Electric Co., Inc. Retirement Program ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Franklin Electric Co., Inc. Retirement Program? ▼
Among 401(k) plans in other states, the closest by assets is Hawaii Carpenters 401(k) Fd in HI ($258M, 6,413 participants).
Which 401(k) plans cover a similar participant headcount to Franklin Electric Co., Inc. Retirement Program? ▼
Among 401(k) plans in other states, the closest by covered participants is Stew Leonard's 401(k) Savings and Retirement Plan in CT (1,594 participants, $115M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.