Franklin Templeton Investments

Plan name	Franklin Templeton 401(k) Retirement Plan
Location	San Mateo, California
Asset size	$1.32B
Participants	>5,300
Industry	Financial Services
Participation rate	92%
Average deferral rate	12.3%
# of funds offered	28
Investment review	Quarterly
True-up match	No
Match vesting period	3 years (graded)
Eligibility	First day of the month coinciding with or following date of hire
Default deferral rate	6%
Default investment	Institutional Target-date Fund (Active or Indexed)
Automatic escalation	Opt-out
Systematic withdrawals	Yes
Fee equalization	Not applicable

Match rate	75% of every dollar contributed with no cap, including catch-up contributions
% receiving full match	50% – 75%
Maximum employer contribution	>10%

Financial education:
Saving/Budgeting	Yes
Investing strategies	Yes
College saving	Yes
Credit/Debt management	Yes
Tax/Estate planning	Yes
Retiree health costs/savings options	Yes

Recordkeeper	Bank of America Merrill Lynch

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