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Russell Investments

Money management firm.

1301 Second Ave., 8th floor
Seattle, WA 98101
Employees: 1,750
CEO: Len Brennan

Website: http://www.russell.com

Career Site

Russell Investments is a leading money management firm. The company has over 2,300 clients in 35 countries and include prominent domestic and foreign funds and large multi-national companies:

AT&T Inc.
Barclays Bank
Bill & Melinda Gates Foundation
Caterpillar, Inc.
Delta Airlines
Toyota Motor Pension Fund

The firm had $163 billion in assets under management as of June. The company is known for its indexes of top companies that help track performance including the Russell 1000, Russell 2000 and Russell Small Cap Index.

In the U.S., headquarters are in Tacoma, WA., with offices in New York, San Diego, Milwaukee, Chicago, Tampa and San Francisco (Russell/Pantheon). Outside the U.S., they have offices in London, Amsterdam, Paris, Johannesburg, Sydney, Melbourne, Auckland, Tokyo, Singapore and Toronto.

Founded in 1936, Russell is a subsidiary of Northwestern Mutual Life Insurance Company.


Medical, Vision and Dental Coverage
Russell pays the cost of this coverage for associates and subsidizes a majority of the cost for dependents. Three medical plan choices are offered.

Vacation for all associates begins at three weeks annually, and increases to four weeks in the fifth year and to five weeks in the fifteenth year. Vacation is prorated for associates who work less than full-time or who work less than a full year.

Paid Sabbatical Leave
After completion of 10 years of service, associates are eligible for an eight week paid sabbatical leave.

Holidays and Early Closures
Russell provides nine annual holidays and two personal days. Typically, Russell also closes early prior to certain holidays each year.

Sick Pay
Associates accrue eight days per year, prorated for associates working less than 40 hours per week or less than a full year.

Short-Term Disability
Associates are eligible for full salary continuation for up to 45 calendar days when unable to work due to illness or injury. Coverage beyond 45 days and up to 90 days is phased in based on years of service.

Long-Term Disability
After 90 days of disability, associates receive a non-taxable benefit of 60% of base salary up to $15,000 per month.

Retirement Profit Sharing Plan
Russell has historically contributed 15 percent of each associate's annual base pay to the Retirement Profit Sharing Plan. While Russell has contributed at this level for more than 30 consecutive years, this contribution is discretionary. Associates are eligible for the company contribution after six months of service.

Retirement: Associate Contributions
From date of hire, associates may contribute on a pre-tax (401k) and/or after-tax basis, subject to IRS and Plan maximums.

Educational Assistance
After one year of service, associates are eligible for reimbursement of 90 percent of tuition, registration, books and other enrollment fee expenses for qualifying courses and programs, up to a maximum of $8,000 per associate on an annual basis. Russell provides financial support for associates' job-related professional certifications, including CFAs and other designations.

Transportation Benefit
Russell encourages its associates to consider alternatives to driving to work. We offer a monthly pre-tax benefit of $25 to associates who take public transportation, vanpools or carpools, or who walk to work.

Convenience Services
Associates in our Tacoma office enjoy on-site dry clearning, shoe shine and repair, car detailing, and package delivery service.

Domestic Partner Coverage
Russell recognizes the status of same or opposite sex "domestic partners" in its employment policies and practices and provides many of the same benefits and rights to an associate's domestic partner as would be provided to a spouse.

New Parent Pay
Two weeks paid time off for the primary caregiver and one week paid time off for the secondary caregiver is provided to care for a new born child, an adopted child or a foster child placed for adoption. Associates are eligible after one or more years of service. Associates who give birth also receive Short-Term Disability pay for pregnancy-related disability, which typically covers six weeks of time off following delivery.

Adoption Reimbursement
Russell provides reimbursement for 80 percent of adoption-related expenses, up to a maximum reimbursement of $8,000. Associates are eligible after one year of service.

Pre-Tax Deductions
Associates may pay for certain expenses with pre-tax dollars, resulting in significant tax savings. Eligible deductions include medical and dental premiums, transportation and supplemental insurance coverage.

Flexible Spending Accounts
This plan allows associates to set aside dollars on a pre-tax basis for dependent care expenses and healthcare expenses for each calendar year, resulting in significant tax savings.

Life and Accidental Death & Dismemberment Insurance
At no cost to associates, Russell provides life (two times annual salary) up to $1,000,000 and accidental death and dismemberment insurance at the same amount. Associates may elect to purchase supplemental life insurance and/or dependent life insurance through payroll deduction.

Business Travel Accident Insurance
Associates are covered at no cost, at five times annual salary.

Russell Investment Program for Associates (RIPA)
Associates have the opportunity to invest in Russell funds through payroll deduction and lump sum contributions. This exclusive benefit enables associates to invest directly into specified Russell funds without paying outside advisory or brokerage fees.

Employee Assistance Program (EAP)
Russell pays the cost of this plan, which provides confidential counseling and referral services to associates and their families.

Dependent Care Referral Service
All associates are eligible from date of hire; Russell pays the cost of this plan, which provides referrals for dependent care providers.

Military Leave
Up to one year of paid time off is available to any associate who serves on active or emergency duty in the U.S. uniformed services.

Updated September 23, 2011