At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

Franklin Templeton is hiring an experienced Retirement Benefits Consultant to join the Global Talent Management – HR Benefits team within Human Resources. The team is responsible for executing the administration and design of employee benefits with a consistent philosophy and governance model across 37 countries. Work location will be Baltimore, MD (preferred) but candidates in other geographic locations may be considered.

Position Summary:  

The Retirement Benefits Consultant is responsible for overseeing the administration of Franklin Templeton’s 401(k) retirement plan. Responsibilities also include coordination and oversight of Financial Wellness programs, partnering with our Health & Welfare Benefits and Compensation teams, and consultative oversight of employee Retirement Plans in Latin America.

Key Responsibilities:

Plan Administration: Oversee operations of the 401(k) plan, including participant enrollment, contributions, distributions, and loans.

Compliance and Governance: Partner with the plan’s recordkeeper, ERISA counsel, and auditor to ensure compliance with regulations and non-discrimination testing for the Plan and the Franklin Templeton Controlled Group of companies. 

Employee Support: manage resolution of employee/participant inquiries that are escalated from the HR Shared Services team and/or the plan’s recordkeeper.

Financial Wellness: coordinate with partners to curate resources to support the financial well-being of employees, in alignment with the firm’s global well-being strategy.

Reporting: Prepare reports on plan performance, participation rates, and other metrics to senior management.

Plan Design: Assist in the review of plan design to ensure it meets the objectives of participants and the company.

Americas Retirement Oversight: Collaborate with internal partners to ensure plan governance and administration for Retirement Plans offered in the Bahamas and Latin America.

Ideal Qualifications:

Bachelor's degree, preferably in finance, human resources, or a related field

3+ years of experience in 401(k) plan administration or a similar role

Strong knowledge of 401(k) related ERISA and IRS regulations

Qualified 401(k) Administrator (QKA) or similar designation preferred

Excellent organizational and communication skills with the ability to multi-task and work independently

Ability to build working relationships with colleagues

Experience with HRIS and payroll systems (e.g. Workday)

Proficiency in data analysis with plan and participant data, such as use of vlookup in Excel

Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to be $85,000 to $108,000 USD.

#LI-US

#Hybrid

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

Hear more from our employees

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.

Highlights of our benefits include:

Three weeks paid time off the first year

Medical, dental and vision insurance

401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits

Employee Stock Investment Program

Learning and Education Assistance Program (LEAP)

Purchase of company funds with no sales charge

Onsite fitness center and recreation center*

Onsite cafeteria*

*Only applicable at certain locations

Learn more about the wide range of benefits we offer at Franklin Templeton

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. 
 
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.