Franklin Templeton 401(K) Retirement Plan — Form 5500 plan (Franklin Resources, Inc.)
Plain-English plan 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, Franklin Templeton 401(K) Retirement Plan is a benefit plan reported by Franklin Resources, Inc. under EIN 13-2670991 and plan number 003. The latest loaded filing year is 2023. The filing reports 6,060 participants and $2,205,762,717 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Franklin Resources, Inc.
- EIN
- 13-2670991
- Plan number
- 003
- Plan type
- 2
- Location
- San Mateo, CA
- Latest filing year
- 2023
- Participants
- 6,060
- End-of-year plan assets
- $2,205,762,717
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 6,060 | H, C | 20240718104156NAL0005644033001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,205,762,717
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,205,762,717
- Net assets (BOY)
- $1,909,034,634
Income & contributions
- Employer contributions
- $56,811,957
- Participant contributions
- $70,967,618
- Total contributions
- $138,216,437
- Total income / additions
- $488,125,911
Expenses & distributions
- Benefits paid
- $190,080,765
- Administrative expenses
- $649,458
- Total expenses
- $191,397,828
- Net increase / (decrease)
- $296,728,083
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch, Pierce, Fenner And S | RECORDKEEPER | $269,170 | $0 | 2023 |
| Gallagher Fiduciary Advisors, LLC | CONSULTANT | $183,126 | not reported in the loaded dataset | 2023 |
| Callan LLC | CONSULTANT | $157,205 | not reported in the loaded dataset | 2023 |
| Mma | OTHER | $19,800 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Franklin Resources, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in San Mateo, CA
- Merrill Lynch, Pierce, Fenner And S — Schedule C compensation
- Gallagher Fiduciary Advisors, LLC — Schedule C compensation
- Callan LLC — Schedule C compensation
- Mma — Schedule C compensation