2023 Form 5500 filing — Franklin Electric Co., Inc. Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240710130516NAL0009579731001) for Franklin Electric Co., Inc. Retirement Plan, reported by Franklin Electric Company under EIN 35-0827455 and plan number 007. It reports 2,599 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240710130516NAL0009579731001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Franklin Electric Company
- EIN
- 35-0827455
- Plan number
- 007
- Location
- Fort Wayne, IN
- Participants
- 2,599
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $236,699,828
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $236,699,828
- Employer contributions
- $9,149,326
- Participant contributions
- $9,092,261
- Total income / additions
- $56,457,362
- Benefits paid
- $17,865,775
- Administrative expenses
- $262,950
- Total expenses
- $18,128,725
- Net increase / (decrease)
- $38,328,637
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $201,322 | $0 |
| Aon Investment Usa Inc. | INVESTMENT MANAGEMENT | $40,974 | not reported in the loaded dataset |
| Bdo | ACCOUNTANT | $5,000 | not reported in the loaded dataset |
| George Johnson Company | ACCOUNTANT | $1,502 | not reported in the loaded dataset |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |