Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
FRANKLIN ELECTRIC COMPANY
EIN 35-0827455electrical/electronic manufacturingLatest filing 2024
Plans
3
Retirement
2
$359.0M assets
Welfare
1
$3.3M premiums
Participants
5,724
9255 COVERDALE ROAD - FORT WAYNE, IN 46809260-824-2900franklin-electric.comLinkedIn5001-10000 employeeselectrical/electronic manufacturing
Plans on this EIN
3 filingsRetirement portfolio analytics
2 plans aggregated / $359.0M assets / 4,170 participantsParticipants by plan
Active + retired + deferred vested
Benefits portfolio analytics
1 plan / $3.3M premiums / 3,360 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Vision$2.1M
- Stop-loss$2.1M
- Other$521K
- Long-term disability$405K
- Life$233K
Carrier market share
Premium dollars by Schedule A carrier
72%top
- CIGNA HEALTH AND LIFE INSURANCE COMPANY72%
- LIFE INSURANCE COMPANY OF NORTH AMERICA28%
- ACE AMERICAN INSURANCE COMPANY1%
Broker market share
Schedule A broker compensation
96%top
- THE PLEXUS GROUPE LLC96%
- WILLIS TOWERS WATSON US LLC4%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#007
FRANKLIN ELECTRIC CO., INC. RETIREMENT PROGRAM
401k
Assets$258.0M
Participants2,042
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002
FRANKLIN ELECTRIC CO., INC. PENSION PLAN
CashBalance
Assets$101.0M
Participants2,128
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
FRANKLIN ELECTRIC CO.,INC EMPLOYEE WELFARE BENEFITS PLAN
Mixed - CIGNA HEALTH AND LIFE INSURANCE COMPANIES AND AFFILIATES
Premiums$3.3M
Covered lives3,360
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 007 | FRANKLIN ELECTRIC CO., INC. RETIREMENT PROGRAM | 401k | $258.0M | 2,042 | 2024 | |
| 002 | FRANKLIN ELECTRIC CO., INC. PENSION PLAN | CashBalance | $101.0M | 2,128 | 2024 |
Welfare plans1
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | FRANKLIN ELECTRIC CO.,INC EMPLOYEE WELFARE BENEFITS PLAN | Mixed | CIGNA HEALTH AND LIFE INSURANCE COMPANIES AND AFFILIATES | $3.3M | 3,360 | 2024 |
Retirement plans
Welfare plans