Swiss Re Group US Employees' Savings Plan
Plan Name | Swiss Re Group US Employees’ Savings Plan |
Location | Armonk, NY |
Asset Size | $1.08B |
Number of Participants | 1,000 – 4,999 |
Business | Insurance / Reinsurance |
Participation rate | 95.0% |
Avg. deferral rate | 9.6% |
No. of funds offered | 12 |
Investment Review | Quarterly |
True-up feature | Yes |
Match Vesting Period | 3 years |
Eligibility | Immediate |
Default deferral rate | 6.0% |
Default investment | Retail Target-Date Fund (Active Management) |
Auto-escalation | Opt-in |
Systematic withdrawals | Yes |
Fee equalization | Planned in 2018 |
Match Rate | 100% of first 6% of salary |
% receiving full match | 90% or more |
Max Employer Contribution | 12.0% |
Financial education: | |
Saving/budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/debt mgt | Yes |
Tax/estate planning | Yes |
Retiree health costs/savings options | |
Recordkeeper | Empower Retirement |