401(k) · DOL Form 5500 · 2023

Franklin Resources, Inc. 401(k) Plan

Data updated 2026-08-11

$2.2B
Total assets: 3,755
Participants: 99th
Percentile by assets: $587,420
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$2.2B
total plan assets (2023 EOY): 3,755
covered participants: 99th
percentile by assets (of 127,072 plans): $587,420
avg assets per participant

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 →

State

California

Industry

Finance & Insurance

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Franklin Templeton 401(k) Retirement Plan reports 3,755 participants - 6.0x that state average ($2.2B EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$1.9B
Net Assets (End of Year)	$2.2B
Net Income	$297M
Employer EIN	132670991
Plan Effective Date	1981-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Franklin Resources, Inc.)

Total plan assets by year, all Franklin Resources, Inc. plans on file

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

Wells Fargo & Company 401(k) Plan $51.8B · 193,919
Google LLC 401(k) Savings Plan $39.0B · 122,867
Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
Intel 401(k) Savings Plan $22.2B · 59,863
Apple 401(k) Plan $19.8B · 106,111

Compare Franklin Templeton 401(k) Retirement Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Franklin Templeton 401(k) Retirement Plan by total assets, not by location.

Adm 401(k) and Employee Stock Ownership Plan for Salaried Employees (IL) $2.2B · 8,055
Dte Energy Company Savings and Stock Ownership Plan (MI) $2.2B · 5,669
Nnpp Contractor Savings Plan (PA) $2.2B · 8,074
Pentegra Defined Contribution Plan for Financial Institutions (NY) $2.2B · 16,522

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).

Next read for Franklin Templeton 401(k) Retirement Pla…

Filing takeaways

Ways to act on Franklin Templeton 401(k) Retirement Plan's numbers.

By total assets, Franklin Templeton 401(k) Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
Franklin Resources, Inc.'s sponsor-wide assets have grown 46.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.