Zurich North America Employee Benefit: 401K Plan | Glassdoor

Zurich North America 401K Plan

Updated Feb 26, 2019

104 employees reported this benefit

4.4
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Employer Summary

From an employee's first day of employment:

  • Zurich makes a base contribution to the 401(k) plan. The contribution will be 3%, 5% or 7% of eligible pay based on years of service with the organization.
  • Employees vest in the base contribution in 20% increments each year beginning at the end of their 2nd year through the end of their 6th year.
  • In addition, the plan allows employees to invest up to 50% of eligible base and up to 85% of Short-Term Incentive Plan. Zurich matches employee contributions dollar-for-dollar up to the first 6% of eligible base pay.
  • In 2019, employees can make contributions up to $19,000, or up to $25,000 (includes $6,000 catch-up contribution maximum), for employees who will be 50 or older.
  • Employees are 100% vested in their own contributions and the company matching contributions.


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Employee Comments

Showing 1–10 of 45
  • Apr 28, 2019
    StarStarStarStarStar Current Employee in Schaumburg, Illinois

    401K Plan is very decent

  • Mar 15, 2019
    StarStarStarStarStar Former Underwriter in Atlanta, Georgia

    Plan through Vanguard. 5% matching by Zurich.

  • Jan 14, 2019
    StarStarStarStarStar Former Employee in Schaumburg, Illinois

    Excellent 6% matching on your 6%

  • Jan 08, 2019
    StarStarStarStarStar Former AVP Program Manager in Schaumburg, Illinois

    They match 401k for full time employees

  • Dec 07, 2018
    StarStarStarStarStar Current Employee in Schaumburg, Illinois

    401k is best in market

  • Aug 31, 2018
    StarStarStarStarStar Former Employee in Chicago, Illinois

    Vanguard is used for the 401k with good options

  • Jun 01, 2018
    StarStarStarStarStar Former Senior Underwriter in New York, New York State

    The 401k plan has good investment options, but has average employer match

  • Feb 07, 2018
    StarStarStarStarStar Current Litigation Paralegal in New York, New York State

    Match up to 6 percent

  • Jan 01, 2018
    StarStarStarStarStar Former Senior Actuarial Analyst in Schaumburg, Illinois

    6% company match, 100% vested immediately

  • Nov 30, 2017
    StarStarStarStarStar Current Employee in Jackson, Mississippi

    401K plan is great with good matching option.


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