Franklin Templeton Compensation & Benefits in San Mateo

Key Insight for Candidates

• Parental & Family Support: In the San Mateo office, paid parental leave is described as generous with a clear global minimum for birth, adoption, and surrogacy. This family-focused support is consistently highlighted as a standout part of the package.
• Retirement Support: San Mateo employees point to a strong retirement program, including a notable company 401(k) match and access to an employee stock purchase plan. Financial education resources further support long‑term savings.
• Wellbeing & Lifestyle Benefits: Colleagues in San Mateo benefit from flexible work arrangements, remote options, and broad time‑off programs that support balance. Wellness offerings and paid volunteer time are also called out as part of the lifestyle package.

• Stagnant Pay & Limited Progression: In San Mateo, base pay and merit growth are sometimes viewed as only average relative to peers, with comments about modest annual increases and slower advancement. This can temper satisfaction with otherwise solid total rewards.
• High Benefits Costs: San Mateo employees note that healthcare involves employee cost‑sharing such as copays and deductibles rather than fully covered premiums. These out‑of‑pocket costs reduce the perceived value of the health plan for some.
• Rigid Benefits: Some in San Mateo cite multi‑year vesting on retirement matches and frustrations around PTO accrual or payout changes. These plan rules can feel inflexible despite the program’s overall strengths.