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
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