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Sponsor portfolioWelfare / HealthEIN 35-0827455
FRANKLIN ELECTRIC CO., INC.
9255 COVERDALE ROAD · FORT WAYNE, IN 46809
2608242900
- Plans filed
- 5
- Years active
- 2015–2025
- Industry
- NAICS 33
- Latest filing
- 2025
Total premiums (latest)
$3.8M
No prior year
Persons covered
3,359
No prior year
Total participants
2,362
No prior year
Plans filed
5
No prior year
Plans under this sponsor
5 plans
Plan #501$3.8M
FRANKLIN ELECTRIC CO., INC EMPLOYEE WELFARE BENEFITS PLAN
Mixed3,359 covered·4 carriers
Primary: CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES
Plan #506$151K
FRANKLIN ELECTRIC CO., INC. LONG TERM DISABILITY PLAN
Fully insured747 covered·1 carrier
Primary: HARTFORD LIFE AND ACCIDENT
Plan #509$118K
FRANKLIN ELECTRIC CO., INC. GROUP VWSB PLAN
Fully insured409 covered·1 carrier
Primary: AMERICAN HERITAGE LIFE INSURANCE COMPANY
Plan #503$17K
FRANKLIN ELECTRIC CO., INC, TRAVEL INSURANCE
Fully insured0 covered·1 carrier
Primary: FEDERAL INSURANCE COMPANY
Plan #508$0
FRANKLIN ELECTRIC CO., INC. SECTION 125 AND FLEXIBLE BENEFIT PLAN
Self-funded0 covered·0 carriers
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Vision | $2.1M | 21.0% | |
| Stop-loss | $2.1M | 21.0% | |
| Other | $1.6M | 16.4% | |
| Life | $1.4M | 13.9% | |
| Short-term disability | $1.4M | 13.9% | |
| Long-term disability | $1.4M | 13.9% |
Carrier overview
3 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 591031071 | VSLOth | $2.3M | 62.1% | 1 | 2 | 3,359 |
EIN 410451140 | LSTDLTDOth | $1.4M | 37.4% | 1 | 2 | 3,201 |
EIN 131963496 | Oth | $20K | 0.5% | 1 | 1 | 2,241 |
Broker overview
4 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| THE PLEXUS GROUPE LLC | DEER PARK, IL | RELIASTAR LIFE INSURANCE COMPANY, CIGNA HEALTH AND LIFE INSURANCE COMPANY | $241K | $56K | $297K | 91.3% | 1 |
| FRANKLIN ELECTRIC COMPANY, INC. | FORT WAYNE, IN | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $0 | $15K | $15K | 4.6% | 1 |
| ADP, INC. | SALT LAKE CITY, UT | RELIASTAR LIFE INSURANCE COMPANY | $0 | $8K | $8K | 2.5% | 1 |
| WILLIS TOWERS WATSON US LLC | NEW YORK, NY | FEDERAL INSURANCE COMPANY | $5K | $0 | $5K | 1.5% | 1 |
History & trajectory
11 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.
Policy details
Latest year, by plan