Plan Snapshot
- Plan Sponsor: Franklin Electric Co., INC.
- Sponsor EIN: 350827455
- Sponsor Address: 9255 COVERDALE ROAD, FORT WAYNE, IN, 468099613
- Plan Type: DB
- Plan Number: 002
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 183 | $101.0M | $0 | $0 |
| 2023 | 205 | $107.3M | $0 | $0 |
| 2022 | 220 | $109.0M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SEI INVESTMENTS | Other Service Provider | $210,616 | — | $210,616 |
| PRINCIPAL TRUST COMPANY | Other Service Provider | $114,888 | — | $114,888 |
| AON CONSULTING, INC. | Recordkeeper | $79,903 | — | $79,903 |
| GJC CPA'S & ADVISORS | Other Service Provider | $13,135 | — | $13,135 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $418,542
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $95,234,028 | $348,232 | — | $18,915 | — |
| 2024 | $643,165 | $210,616 | — | $13,135 | — |
| 2023 | $714,058 | $303,020 | — | $14,650 | — |
| 2022 | $691,771 | $269,363 | — | — | $15,000 |