Franklin Templeton Investments hired PFPC to provide record keeping, reporting and investor services to two 529 plans administered by the New Jersey Higher Education Student Assistance Authority and managed and distributed by Franklin Templeton Distributors.
One of the plans, NJBEST 529 Plan, has $137 million in assets and was managed internally until Franklin Templeton was hired in March. The other plan, Franklin Templeton 529 College Savings Plan, is new.
