Franklin Templeton 401(k) Plan

Officially: FRANKLIN TEMPLETON 401(K) RETIREMENT PLAN

The Franklin Templeton 401(k) Retirement Plan is a defined contribution plan sponsored by Franklin Resources, Inc., covering 6,627 participants with account balances as of the end of the 2024 plan year. The plan held total net assets of approximately $2.80 billion at year-end 2024. Recordkeeping and administration are provided by Bank of America, with Bank of America, N.A. serving as trustee. The plan offers a broad menu of proprietary and non-proprietary mutual funds, collective investment trusts, company stock, and a self-directed brokerage window.

Participants: 6,963 Plan assets: $2,796,746,897 Plan number: 003 Form 5500 plan year: 2024 Last verified: May 28, 2026 View Form 5500
Employer match
The company makes a matching contribution equal to 85% of eligible compensation deferred by participants.
Investment options
48
funds in the lineup
Auto-enrollment
Newly-hired eligible employees are automatically enrolled at a 6% deferral rate, with automatic annual increases of 1% each December 1 up to a maximum of 15%.

By Zac Murphy, CFA charterholder and CFP professional. Published May 28, 2026. Verified against Form 5500 plan year 2024.

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Answer 13 quick questions to find your risk profile and see which of five sample allocations fits.

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Fund lineup

Fund Asset Class Type
BrandywineGlobal Corporate Credit Fund US Bonds Active
BrandywineGlobal Global Opportunities Fund (non-hedged) International Bonds Active
ClearBridge Dividend Strategy Fund US Large Cap Active
ClearBridge Large Cap Growth Fund US Large Cap Active
ClearBridge Sustainability Leaders Fund US Large Cap Active
Franklin Core Plus Bond Fund US Bonds Active
Franklin DynaTech Fund US Large Cap Active
Franklin Equity Income Fund Class R6 US Large Cap Active
Franklin Growth Fund Class R6 US Large Cap Active
Franklin High Income Fund High Yield Bonds Active
Franklin Income Fund Class R6 Balanced/Allocation Active
Franklin International Growth Fund Class R6 International Equity Active
Franklin Mutual Beacon Fund US Large Cap Active
Franklin Rising Dividends Fund Class R6 US Large Cap Active
Franklin Small Cap Growth Fund Class R6 US Small Cap Active
Franklin Small Cap Value Fund Class R6 US Small Cap Active
PGIM US Broad Market High Yield Fund High Yield Bonds Active
Putnam Stable Value Fund Gross Stable Value Other
T. Rowe Price Large Cap Growth US Large Cap Active
Templeton Developing Markets Trust Class R6 Emerging Markets Active
Templeton Foreign Fund Class R6 International Equity Active
Templeton Global Bond Fund Class R6 International Bonds Active
Vanguard Equity Income Fund US Large Cap Active
Vanguard International Value Fund International Equity Active
Western Asset Core Bond Fund US Bonds Active
Western Asset Core Plus Bond Fund US Bonds Active
Loomis Sayles Global Aggregate Bond CIT Class C International Bonds Index
MFS International Growth CIT Class 2 International Equity Active
State Street International Index Lending Fund International Equity Index
State Street Russell SMID Index Lending Fund US Mid Cap Index
State Street S&P 500 Index Lending Fund US Large Cap Index
State Street Target Retirement 2020 Lending Fund Target-date Other
State Street Target Retirement 2025 Lending Fund Target-date Other
State Street Target Retirement 2030 Lending Fund Target-date Other
State Street Target Retirement 2035 Lending Fund Target-date Other
State Street Target Retirement 2040 Lending Fund Target-date Other
State Street Target Retirement 2045 Lending Fund Target-date Other
State Street Target Retirement 2050 Lending Fund Target-date Other
State Street Target Retirement 2055 Lending Fund Target-date Other
State Street Target Retirement 2060 Lending Fund Target-date Other
State Street Target Retirement 2065 Lending Fund Target-date Other
State Street Target Retirement Income Lending Fund Target-date Other
State Street US Bond Index Lending Fund US Bonds Index
Wellington Core Bond Plus CIT II Series 4 US Bonds Active
Wellington Emerging Markets Research Equity CIF II Series 2 Emerging Markets Active
Wells Fargo Stable Return Fund CIT Q Stable Value Other
Franklin Resources, Inc. common stock Company Stock Other
Self-directed brokerage accounts Other Other

Why our allocations use only index funds

The actively managed funds in this plan cost more per year than the plan's index funds, which run roughly 0.02% to 0.06%. Decades of research on long-term active fund performance do not support reliable outperformance net of fees, which is why the allocation ideas below may consider using only the low-cost index options.

Employer match

Match summary
The company makes a matching contribution equal to 85% of eligible compensation deferred by participants.
Match cap 85% of pay
Effective match rate --
Vesting Participant deferrals and rollovers are immediately vested; the company matching portion vests gradually and becomes 100% vested after completing three years of service, with full vesting upon death, disability, or normal retirement age.
Waiting period Eligible employees may begin contributing as of the first day of the month coincident with or following their employment
$
Contribute this much to capture the full match
85% of your eligible pay, every paycheck.

The company makes a matching contribution equal to 85% of eligible compensation deferred by participants. Contributing less than 85% of your eligible pay leaves part of Franklin Resources, Inc. (Franklin Templeton)'s match unclaimed.

What the match is worth at your pay After 1 year of service, contributing 85%
Annual pay Your contribution Employer match Total to 401(k)

Estimates assume a constant salary and the match formula shown above. Your actual match depends on your plan's exact terms.

The cost of contributing only --%

On a $60,000 salary, contributing just half the match threshold would leave about -- in employer match unclaimed each year. Invested over 20 years at a hypothetical 7% annual return, that forgone match could have grown to roughly -- (a hypothetical illustration, not a projection). The match is the highest-return contribution you will make all year.

Sources

  • Plan metadata (employer, participants, assets, plan year): Form 5500 annual return/report, plan year 2024 -- view filing
  • Summary Plan Description (SPD) and fee disclosure (404a-5), where available from the plan administrator.

This page is for educational purposes only and does not constitute investment, tax, or legal advice, nor a recommendation to buy or sell any security. Information is drawn from public Form 5500 filings and plan documents and may be incomplete or out of date. You may consider consulting a qualified professional and confirming all details with your plan administrator before making decisions. Waterfall Planning is not affiliated with Franklin Resources, Inc. (Franklin Templeton).

Find your risk profile

Answer 13 questions to see which allocation fits your situation.

Question 1 of 13

Risk assessment methodology based on Grable, J. E., & Lytton, R. H. (1999). Financial risk tolerance revisited: The development of a risk assessment instrument. Financial Services Review, 8, 163-181.

Allocation ideas

Five sample mixes built from this plan's funds, from conservative to growth. Take the assessment above to see which one fits your risk profile.

Recommended for you (based on your risk profile)
Conservative
Conservative

Capital preservation with minimal market exposure, built from bonds and stable value.

US equity   International   Bonds   Stable value
Loomis Sayles Global Aggregate Bond CIT Class C 70%
Putnam Stable Value Fund Gross 30%
0% stocks / 100% bonds
Recommended for you (based on your risk profile)
Income & A Little Growth
Income & A Little Growth

Mostly bonds with a small stock sleeve for modest growth.

US equity   International   Bonds   Stable value
Loomis Sayles Global Aggregate Bond CIT Class C 49%
Putnam Stable Value Fund Gross 21%
State Street S&P 500 Index Lending Fund 19%
State Street International Index Lending Fund 8%
State Street Russell SMID Index Lending Fund 3%
30% stocks / 70% bonds
Recommended for you (based on your risk profile)
Balanced
Balanced

A classic 60/40 split of stocks and bonds.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Lending Fund 39%
Loomis Sayles Global Aggregate Bond CIT Class C 28%
State Street International Index Lending Fund 15%
Putnam Stable Value Fund Gross 12%
State Street Russell SMID Index Lending Fund 6%
60% stocks / 40% bonds
Recommended for you (based on your risk profile)
Growth & Income
Growth & Income

Stock-heavy with a bond cushion for a long horizon.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Lending Fund 52%
State Street International Index Lending Fund 20%
Loomis Sayles Global Aggregate Bond CIT Class C 14%
State Street Russell SMID Index Lending Fund 8%
Putnam Stable Value Fund Gross 6%
80% stocks / 20% bonds
Recommended for you (based on your risk profile)
Growth
Growth

All stocks for maximum long-term growth potential, with higher short-term volatility.

US equity   International   Bonds   Stable value
State Street S&P 500 Index Lending Fund 65%
State Street International Index Lending Fund 25%
State Street Russell SMID Index Lending Fund 10%
100% stocks / 0% bonds
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These allocation ideas are educational illustrations built from this plan's available funds and a standard risk-tolerance assessment. They are not personalized investment advice or a recommendation, and risk tolerance is only one factor in an investment decision. You may consider consulting a qualified professional before making changes to your account.