Chubb Employee Benefit: 401K Plan | Glassdoor

Chubb 401K Plan

Updated Mar 26, 2015

89 employees reported this benefit

3.8
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Employer Summary

401(k) Plan - Chubb Capital Accumulation Plan (CCAP)

  • Chubb automatically enrolls eligible new hires in the CCAP plan with a 4% pre-tax contribution. 
  • You may change your election at any time.
  • Elect pre-tax and/or after-tax contributions.
  • If you are over age 50, you can contribute catch-up contributions up to an additional $6,000 pretax (indexed annually)
  • Eligible to voluntarily defer on the first of the month after completing one full month of employment.
  • You may voluntarily contribute up to 50% of pay; $18,000 IRS limit (indexed annually) on pretax.
  • Chubb matches up to 4% ($1 for $1 based on actual deferral) of pay on pretax basis, credited each pay period for the match.
  • Vesting occurs after 3 years of Chubb service.
  • CCAP currently offers 29 investment options. 


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Employee Comments

Showing 1–10 of 25
  • Mar 27, 2019
    StarStarStarStarStar Current Senior Finan in Philadelphia, Pennsylvania

    Company match % is above industry standard

  • Feb 08, 2019
    StarStarStarStarStar Current Data Analyst in Philadelphia, Pennsylvania

    Their 401k match and vesting is awesome

  • Nov 29, 2018
    StarStarStarStarStar Former Associate Premier Underwriter in Whitehouse Station, New Jersey

    4% match, no pension plan

  • Oct 01, 2018
    StarStarStarStarStar Current Counsel in Chicago, Illinois

    Match, though you have to stay through Jan. 1 for it to happen.

  • Mar 21, 2018
    StarStarStarStarStarEmployee

    Long term employees get a higher match than those hired after 2006. But the match is above average to me.

  • Oct 24, 2017
    StarStarStarStarStar Current Claims Examiner in Chesapeake, Virginia

    Chubb does not pay their matching contribution until the following calendar year.

  • Jul 21, 2017
    StarStarStarStarStar Current Employee in Whitehouse, New Jersey

    They have a 401K plan and a core 401K plan that works like a pension. They only match half of your contribution which is less than my previous job.

  • Jun 16, 2017
    StarStarStarStarStar Former Employee in Whitehouse, New Jersey

    the 401K is ok, but the expenses seem to be a bit higher than what they were under the old 401K provider.

  • May 08, 2017
    StarStarStarStarStar Current Senior Business Analyst in Whitehouse, New Jersey

    A Good plan that will be improved in 2018.

  • Feb 22, 2017
    StarStarStarStarStar Current Employee in Phoenix, Arizona

    We used to see the company's contribution in every paycheck. Since ACE bought Chubb it is not distributed until the end of the year, which means the company gets to earn the interest on it instead of the employee.


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