2023 Form 5500 filing — Franklin Templeton 401(K) Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240718104156NAL0005644033001) for Franklin Templeton 401(K) Retirement Plan, reported by Franklin Resources, Inc. under EIN 13-2670991 and plan number 003. It reports 6,060 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240718104156NAL0005644033001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Franklin Resources, Inc.
- EIN
- 13-2670991
- Plan number
- 003
- Location
- San Mateo, CA
- Participants
- 6,060
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,205,762,717
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,205,762,717
- Employer contributions
- $56,811,957
- Participant contributions
- $70,967,618
- Total income / additions
- $488,125,911
- Benefits paid
- $190,080,765
- Administrative expenses
- $649,458
- Total expenses
- $191,397,828
- Net increase / (decrease)
- $296,728,083
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch, Pierce, Fenner And S | RECORDKEEPER | $269,170 | $0 |
| Gallagher Fiduciary Advisors, LLC | CONSULTANT | $183,126 | not reported in the loaded dataset |
| Callan LLC | CONSULTANT | $157,205 | not reported in the loaded dataset |
| Mma | OTHER | $19,800 | not reported in the loaded dataset |