Plan Snapshot
- Plan Sponsor: Franklin Resources, INC.
- Sponsor EIN: 132670991
- Sponsor Address: ONE FRANKLIN PARKWAY, SAN MATEO, CA, 94403
- Plan Type: 401(k)
- Total Participants: 4,383
- Total Assets: $2.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,383 | $2.8B | $68.0M | $87.8M |
| 2023 | 4,628 | $2.2B | $56.8M | $71.0M |
| 2022 | 3,755 | $1.9B | $55.2M | $66.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $290,587 | — | $290,587 |
| CALLAN LLC | CONSULTANT | $221,250 | — | $221,250 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | CONSULTANT | $123,819 | — | $123,819 |
| MMA | OTHER | $18,300 | — | $18,300 |
| SC&H ATTEST SERVICES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — CONSULTANT
- MMA — OTHER
- SC&H ATTEST SERVICES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $653,956
- Estimated Expense Ratio: 0.023% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $634,681 | $344,094 | — | — | — |
| 2023 | $649,458 | $340,331 | — | — | — |
| 2022 | $509,618 | — | — | — | — |