Thomson Reuters

Plan name Thomson Reuters 401(k) Savings Plan
Location Minneapolis – St. Paul, Minnesota
Asset size $3.22B
Participants >10,000
Industry Media/Communications/Publishing
Participation rate >94%
Average deferral rate 9.5%
# of funds offered 13
Investment review Quarterly
True-up match Yes
Match vesting period 4 years (graded)
Eligibility Immediately upon hire
Default deferral rate 4%
Default investment Institutional Target-date Fund (Active or Indexed)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization No
Match rate 100% on the first 4% of salary deferrals
% receiving full match >90%
Maximum employer contribution 4%
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management Yes
Tax/Estate planning Yes
Retiree health costs/savings options Yes
Recordkeeper Voya Financial
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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