Franklin Electric 401(k) match, vesting and fees
What Franklin Electric's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Gjc Cpas & Advisors (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 434 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Franklin Electric: employer contribution per participant | $1,991 | |
| Peer median | $2,591 |
| Franklin Electric: average balance | $143,848 | |
| Peer median | $102,504 |
| Franklin Electric: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $238M at the end of plan year 2021 to $280M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,992 | $280M | $3.9M | $1,991 | 0.10% | Not published | Form 5500 ↗ |
| 2024 | 2,042 | $258M | $9M | $4,545 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 2,068 | $237M | $9.1M | $4,541 | 0.12% | Not published | Form 5500 ↗ |
| 2022 | 2,197 | $198M | $9M | $4,517 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 2,191 | $238M | $7.3M | $4,192 | 0.14% | Not published | Form 5500 ↗ |
Other Franklin Electric plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Franklin Electric Co., Inc. Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Gjc Cpa'S & Advisors (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Franklin Electric match 401(k) contributions?
The match terms for the Franklin Electric Co., Inc. Retirement Program have not been published from its filing yet. The plan year 2025 filing reports $3.9M in employer contributions, about $1,991 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Franklin Electric 401(k) match vested?
The vesting schedule for the Franklin Electric Co., Inc. Retirement Program is not in the data published so far. Your Summary Plan Description states it.
Who manages the Franklin Electric 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Principal Life Insurance Company. The plan administrator is Franklin Electric Company.
I left Franklin Electric. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Franklin Electric Company, (260) 827-5876) or the recordkeeper, Principal Life Insurance Company. The Franklin Electric old 401(k) page lists the contacts from every plan filing. Find an old Franklin Electric 401(k)
Data from the public Form 5500 annual reports Franklin Electric filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Franklin Electric. Not financial advice. Report a correction · Methodology