PlanOptica
Retirement plan

FRANKLIN TEMPLETON 401(K) RETIREMENT PLAN

FRANKLIN RESOURCES, INC.EIN 13-2670991Plan #003PY 2018
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ONE FRANKLIN PARKWAY - SAN MATEO, CA 94403800-632-2350
Prospect flagsLow returnsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 632-2350
Plan administrator signer
BARBARA CAMERON
Signed 07/02/2019
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Summary metrics

Total assets (EOY)
$1325.2M
-14.7% from 2017
Total participants
5,384
+0.4% from 2017
Average account balance
$250,133
-15.0% from 2017
Annual return
-7.30%
-13.13 pp from 2017

Benchmarks

See 547 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants1,000-4,999
Cohort547 peers
Snapshot2018
Participant deferral / active EE
$12,260
median $5,270
Employer contribution / active EE
$9,104
median $2,970
Participation rate
97.8%
median 96.0%
Avg account balance
$250,133
median $66,364
Admin fee / account holder
$119
median $64
Annual return
-7.30%
median -3.97%
Overall peer rank
59th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$2.80B
Average account balance
Total assets / participants with a balance (line 6g)
$422K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,627
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.5%
Contributions (total)
Employer and participant dollars contributed each year
$155.72M
Contributions per participant
Average employer and participant contribution per enrolled participant
$36K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+28.35%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$96
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
MERRILL LYNCH, PIERCE, FENNER AND S3+ years
Service code 15 · EIN 13-5674085
Recordkeeping
$345,785
CALLAN ASSOCIATES INC.3+ years
Service code 70 · EIN 94-2192581
Consulting Fees
$136,838
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years
Service code 70 · EIN 36-4291971
Consulting Fees
$108,831
TRUCKER HUSS3+ years
Service code 70 · EIN 94-3216063
Consulting Fees
$46,425

Top hat statement on fileNQDC

Filed November 16, 2021 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
One Franklin Parkway
San Mateo, CA 94403
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Franklin Resources, Inc. Deferred Compensation Fund Plan395 emp
Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$632K
$165 / participant
  • Other / not subdivided$632K100.0%
% of EOY assets
0.048%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified