Franklin Electric Co.,Incbenefits
Franklin Electric Co.,Inc Employee Welfare Benefits Plan · FORT WAYNE, IN · plan year 2025
Broker compensation reported · 2025
$329,850
Franklin Electric Co.,Inc's benefits plans covered 2,302 active participants in 2025, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance brokers and agents were paid $329,850 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $143 per covered person, below the median for employer plans that report broker pay. Broker pay rose 142% from $136,236 in 2024.
Insurance contracts · 20256
FEDERAL INSURANCE COMPANY (CHUBB)premiums n/a
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 2,241 covered
RELIASTAR LIFE INSURANCE COMPANY · life std ltdpremiums n/a · 3,201 covered
RELIASTAR LIFE INSURANCE COMPANYpremiums n/a · 2,241 covered
FEDERAL INSURANCE COMPANYpremiums n/a · 2,241 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · vision stop-losspremiums n/a · 3,359 covered
Brokers & agents paid · 20256
THE PLEXUS GROUPE, LLC$264,803 · incl $56,130 fees
PLEXUS GROUPE, LLC$32,350
FRANKLIN ELECTRIC COMPANY, INC.$15,000 · incl $15,000 fees
ADP, LLC$8,224 · incl $8,224 fees
Also brokered by The Plexus Groupe, LLC5
Samuel, Son & Co. (USA), Inc IL$281,105
Potbelly Sandwich Works, LLC IL$177,827
R.E. Sweeney Company, Inc. TX$90,098
Near North Title Group LLC IN$31,442
Qnnect LLC OH$7,553
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 350827455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.