Franklin Electric Co., Inc. Retirement Plan — Form 5500 plan (Franklin Electric Company)
Plain-English plan 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, Franklin Electric Co., Inc. Retirement Plan is a benefit plan reported by Franklin Electric Company under EIN 35-0827455 and plan number 007. The latest loaded filing year is 2023. The filing reports 2,599 participants and $236,699,828 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Franklin Electric Company
- EIN
- 35-0827455
- Plan number
- 007
- Plan type
- 2
- Location
- Fort Wayne, IN
- Latest filing year
- 2023
- Participants
- 2,599
- End-of-year plan assets
- $236,699,828
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,599 | H, C | 20240710130516NAL0009579731001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $236,699,828
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $236,699,828
- Net assets (BOY)
- $198,371,191
Income & contributions
- Employer contributions
- $9,149,326
- Participant contributions
- $9,092,261
- Total contributions
- $22,568,216
- Total income / additions
- $56,457,362
Expenses & distributions
- Benefits paid
- $17,865,775
- Administrative expenses
- $262,950
- Total expenses
- $18,128,725
- Net increase / (decrease)
- $38,328,637
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $201,322 | $0 | 2023 |
| Aon Investment Usa Inc. | INVESTMENT MANAGEMENT | $40,974 | not reported in the loaded dataset | 2023 |
| Bdo | ACCOUNTANT | $5,000 | not reported in the loaded dataset | 2023 |
| George Johnson Company | ACCOUNTANT | $1,502 | not reported in the loaded dataset | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Franklin Electric Company
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Fort Wayne, IN
- Principal Life Insurance Company — Schedule C compensation
- Aon Investment Usa Inc. — Schedule C compensation
- Bdo — Schedule C compensation
- George Johnson Company — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation