401(k) · DOL Form 5500 · 2023

Franklin Resources, Inc. 401(k) Plan

Data updated 2026-08-25

$2.2B
Total assets Very large vs avg
3,755
Participants Above avg headcount
99th
Percentile by assets National rank
$587,420
Avg per participant High balance/head
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Official DOL plan name: Franklin Templeton 401(k) Retirement Plan · Sponsored by Franklin Resources, Inc. · California · Finance & Insurance

$2.2B in assets, 3,755 participants

Franklin Resources, Inc.'s Franklin Templeton 401(k) Retirement Plan reported $2.2B in total assets and 3,755 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,757 in Finance & Insurance (8,869 peers)

Coverage in California

Franklin Templeton 401(k) Retirement Plan covers 3,755 participants in California, 6.0x the typical California plan (state average ~630 per filing). Assets: $2.2B.

#8,757
in Finance & Insurance (8,869 peers)
+15.5%
assets growth YoY
22×
vs typical plan assets (national mean)

Franklin Templeton 401(k) Retirement Plan's outsized position by total assets

Franklin Templeton 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,205,762,717 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Franklin Templeton 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Franklin Templeton 401(k) Retirement Plan lands in the large band (3,755 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Franklin Templeton 401(k) Retirement Plan reported net income rose from -$379M in the plan year 2022 filing to $297M in the plan year 2023 filing.
  • Franklin Templeton 401(k) Retirement Plan end-of-year assets rose from $1.9B in the plan year 2022 filing to $2.2B in the plan year 2023 filing.
  • Franklin Templeton 401(k) Retirement Plan reported participants fell from 4,135 in the plan year 2022 filing to 3,755 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 132670991 · Franklin Resources, Inc. PY 2023 · 401(k)

Franklin Templeton 401(k) Retirement Plan · $2.2B · 3,755 · 99th

  • ASSETS $2.2B
  • ASSETS 3,755
  • ASSETS 99th
  • ASSETS 401(k)
  • ASSETS near Adm 401(k) and Employee Stock Ownership Plan for Salaried Employees
  • ASSETS ind #8757

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in California →

Franklin Templeton 401(k) Retirement Plan in the asset neighbourhood

Franklin Templeton 401(k) Retirement PlanFranklin Templeton 401(k) Re…$2.2BAdm 401(k) and Employee Stock Ownership Plan for Salaried EmployeesAdm 401(k) and Employee Stoc…$2.2BNnpp Contractor Savings Plan$2.2BDte Energy Company Savings and Stock Ownership PlanDte Energy Company Savings a…$2.2BPentegra Defined Contribution Plan for Financial InstitutionsPentegra Defined Contributio…$2.2B
End-of-year total assets ($B) among Franklin Templeton 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$1.9B
Net Assets (End of Year)$2.2B
Net Income$297M
Employer EIN132670991
Plan Effective Date1981-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Resources, Inc.)

Sponsor-wide plan assets over time

All Franklin Resources, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.8B 46.50058449384842% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B 202220232024 $1.91B $2.8B ▲ +46.6%
Year Plans Participants Total Assets
2022 1 4,135 $1.9B
2023 1 3,755 $2.2B
2024 1 4,661 $2.8B

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Franklin Templeton 401(k) Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Franklin Templeton 401(k) Retirement Plan, Total assets ($B): 2.205762717 · Participants: 3755Franklin Templeton 401(k) Retirement PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Franklin Templeton 401(k) Retirement Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Franklin Templeton 401(k) Retirement Plan side-by-side with 3 peers →

Franklin Templeton 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Adm 401(k) and Employee Stock Ownership Plan for Salaried Employees in IL ($2.2B); by covered participants it is Western States Lodging Employee Savings Plan in UT (3,755 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,755 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Franklin Templeton 401(k) Retirement Plan assets move in 2023? ▼
Franklin Templeton 401(k) Retirement Plan grew sharply - up 15.5% during 2023, from $1.9B to $2.2B. Reported net income was $297M.
How have Franklin Resources, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Resources, Inc.'s sponsor-wide assets grew 46.5%, from $1.9B to $2.8B.
Where does Franklin Templeton 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Franklin Templeton 401(k) Retirement Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Franklin Templeton 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Adm 401(k) and Employee Stock Ownership Plan for Salaried Employees in IL ($2.2B, 8,055 participants).
Which 401(k) plans cover a similar participant headcount to Franklin Templeton 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Western States Lodging Employee Savings Plan in UT (3,755 participants, $18M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 132670991.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.