Form 5500 · Employee benefit plan · SAN MATEO, CA
FRANKLIN RESOURCES, INC.
The filing calls this plan FRANKLIN TEMPLETON COMPANIES, LLC GROUP WELFARE PLAN.
FRANKLIN RESOURCES, INC. of SAN MATEO, CA spreads its employee benefits across 7 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is AON CONSULTING & INSURANCE SERVICES. Coverage is written through KAISER FOUNDATION HEALTH PLAN, INC. and 6 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 13-2670991 · plan 507 · plan year 2025, filed Jul 10, 2026
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5,257 other employer plans in California have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Dental: CIGNA HEALTH AND LIFE INSURANCE COMPANY covers 21 of 4,162 participants (0.5%) on Schedule A.
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 9 insured contracts covering health, dental, vision, life and disability.
Reported premium across the insured contracts is $13,944,239, with $119,005 in disclosed broker commissions — about 0.9% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in January. The plan is on a split renewal cycle.
AON CONSULTING & INSURANCE SERVICES is the broker of record on 3 of the 9 contracts; the rest name a different broker or none.
7 carriers appear on the filing, including KAISER FOUNDATION HEALTH PLAN, INC., LIFE INSURANCE COMPANY OF NORTH AMERICA, CIGNA HEALTHCARE OF CALIFORNIA and VISION SERVICE PLAN. KAISER FOUNDATION HEALTH PLAN, INC. writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Life | 4,089 | Jan 1, 2026 | $3,031,884 | $60,638 |
| CIGNA HEALTH AND LIFE INSURANCE COMPANY | Health, Dental, Vision | 21 | Jan 1, 2026 | $259,285 | $19,446 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Disability | 4,089 | Jan 1, 2026 | $941,800 | $18,836 |
| CIGNA HEALTHCARE OF CALIFORNIA | Health | 352 | Jan 1, 2026 | $2,494,939 | $11,220 |
| NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA | — | 4,468 | Jan 12, 2025 | $36,667 | $5,500 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 4,089 | Jan 1, 2026 | $168,256 | $3,365 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 535 | Jan 1, 2026 | $5,815,417 | $0 |
| VISION SERVICE PLAN | Vision | 3,670 | Jan 1, 2026 | $1,027,619 | $0 |
| COMPSYCH CORPORATION | — | 8,867 | Jan 1, 2026 | $168,372 | $0 |
Premium and claims on this contract
VISION SERVICE PLAN, contract 00107393. For the contract year on this filing, the carrier reported $1,027,619 in premium earned and $724,211 in claims incurred. Dividing one by the other gives 70%.
- VISION SERVICE PLAN, contract 00107393 reported $123,314 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Other plans filed by this employer
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