Franklin International
Company Facts
- Location: Columbus, Ohio
- Type of business: Manufacturer of adhesives and sealants
- Number of employees: 339
- Founded: 1935
- Web site: www.Franklininternational.com
“Our stated vision is to be the most trusted adhesion company in the world. That trust is critical, not just for our customers and suppliers, but also for our employees. We view our benefits program as a key part of earning that trust from our employees.”
–Evan Williams, president and chief operating officer, Franklin International
Benefit highlights
- 82.5 - 83.5 percent employer-paid medical insurance premiums for employees; 82.1 - 82.5 percent employer-paid medical insurance premiums for dependents
- 100 percent employer-paid medical insurance premiums for eligible retirees
- 401(k) plan with a 50 percent match on the first $3,500 of employee contributions;
- 4 percent non-matching defined contribution retirement plan contribution for non-union employees; Defined benefit plan for union employees
- 100 percent employer-paid premiums for basic short-term disability plus a combination of optional and company paid short and long-term disability insurance plans.
Percent of employees participating in 401(k) plan: 74%
How they've continued to protect the financial security of employees in this economy:
“We went to our benefits vendors and asked for help. We lowered company costs but also employee premiums for optional life, spousal life, dependent life, vision, and long-term disability, all without reducing benefit levels” says Doug Reys, manager of compensation and benefits at Franklin International.
Other interesting facts:
- Offers an extensive wellness program, including health risk assessments, wellness incentives and an on-site, staffed fitness center.
- Matches 25 percent of employees’ contributions to 529 college savings plans, up to $500 per year, per employee. Once children reach college they can receive a 50 percent subsidy on the cost of their textbooks.
Why Judges Selected Franklin International
Watch a video of comments from 10 Best judge Dallas Salisbury.
Read the transcript
“Franklin International has a comprehensive and extraordinary package of health, life insurance and disability insurance. They pay for retiree medical. They have a defined benefit retirement plan, plus a defined contribution plan. They have everything that an employee needs in order to have financial security.”
– Dallas Salisbury, 10 Best judge and president & CEO, Employee Benefit Research Institute (EBRI)Financial professional who advises on Franklin International’s benefits
Tom Hadley, senior vice president at Wells Fargo Insurance Services
