Plan Ledger DOL Form 5500 · updated monthly

Franklin Electric Company401(k)

FRANKLIN ELECTRIC RETIREMENT PROGRAM (FERP) · FORT WAYNE, IN · plan year 2025

Reported admin expense ratio · 2025
0.10%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Franklin Electric Company reported $281,499 in plan administrative expenses for 2025: 0.10% of average plan assets, above the peer median. Employer contributions averaged $2,583 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.15% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other manufacturing employers. By assets it is the 60th-largest of 1,562 plans among Indiana employers on file, and the 901st of 13,661 in manufacturing. In 2025, employees put in $2.53 for every $1.00 the employer contributed; active participation has shrunk from 1,685 to 1,500 since 2022.

Plan summary
Net assets, end of year$279,928,100
Participants with balances1,946
Active participants1,500
Employer contributions$3,874,661
Employee contributions$9,811,577
Employer contribution per active participant$2,583
Average account balance$143,848
Benefits paid to participants$41,268,499
Plan auditUnmodified (clean) audit opinion
AuditorGJC CPAS & ADVISORS
Plan history4
Yearassets · accounts · employer contribution
2025$279.9M · 1,946 accts · $3.9M emplr
2024$258.0M · 1,974 accts · $9.0M emplr
2023$236.7M · 2,015 accts · $9.1M emplr
2022$198.4M · 1,988 accts · $9.0M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$174,445
Investment management$71,024
Audit (IQPA)$36,030
Total administrative$281,499
The Franklin Electric Company 401(k) match · 2025
Employer contribution per active participant$2,583
Median for plans this size$4,295
2025$2,583 per active participant
2024$5,852 per active participant
2023$5,846 per active participant
2022$5,329 per active participant

Franklin Electric Company's 2025 employer contribution ran below the $4,295 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$178,180
AON CONSULTING · Investment advisory (plan)$71,024
GJC CPA'S & ADVISORS · Accounting / audit$36,030

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$281,499 · 0.10%
2024$268,147 · 0.11%
2023$262,950 · 0.12%
2022$331,281 · 0.15%
Same employer
Similar plansManufacturing · Indiana
Kimball International, Inc. IN$394.6M · 0.09%
Nibco Inc. IN$363.7M · 0.04%
Wabash National Corp. IN$311.7M · 0.15%
Lippert Components, Inc. IN$304.3M · 0.24%
Irving Materials, Inc. IN$253.3M · 0.18%
Dormakaba USA Inc. IN$196.3M · 0.12%
Smc Corporation of America IN$189.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350827455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.