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
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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