The following tables set forth, by level within the fair value hierarchy, a summary of the Plan's investments measured at fair value on a recurring basis at December 31, 2025 and 2024 (rounded):


(In thousands)	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Franklin Electric Co., Inc. common stock	$	1,317	$	1,317	$	—	$	—
Investments in shares of registered investment companies	2,866		2,866		—		—
Life insurance policies	11		—		11		—
Total assets in the fair value hierarchy	4,194		$	4,183	$	11	$	—
Investments measured at net asset value (a)	61,076
Investments at fair value	$	65,270


(In thousands)	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Franklin Electric Co., Inc. common stock	$	1,257	$	1,257	$	—	$	—
Investments in shares of registered investment companies	2,546		2,546		—		—
Life insurance policies	12		—		12		—
Total assets in the fair value hierarchy	3,815		$	3,803	$	12	$	—
Investments measured at net asset value (a)	53,974
Investments at fair value	$	57,789

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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