Plan Snapshot
- Plan Sponsor: Franklin Resources, INC.
- Sponsor EIN: 132670991
- Sponsor Address: ONE FRANKLIN PARKWAY, SAN MATEO, CA, 94403
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 6,876
- Total Assets: $3.6B
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. |
|---|---|---|---|---|
| 2025 | 6,876 | $3.6B | $0 | $0 |
| 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 | $286,572 | — | $286,572 |
| CALLAN LLC | Other Service Provider | $233,168 | — | $233,168 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Other Service Provider | $112,500 | — | $112,500 |
| MMA | Other Service Provider | $18,900 | — | $18,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $651,140
- Estimated Expense Ratio: 0.018% 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 |
|---|---|---|---|---|---|
| 2025 | $222,368,579 | $339,398 | — | — | — |
| 2024 | $634,681 | $344,094 | — | — | — |
| 2023 | $649,458 | $340,331 | — | — | — |
| 2022 | $509,618 | — | — | — | — |