Money management firm.
1301 Second Ave., 8th floor
Seattle, WA 98101
CEO: Len Brennan
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:
Bill & Melinda Gates Foundation
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
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
Associates accrue eight days per year, prorated for associates
working less than 40 hours per week or less than a full year.
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.
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.
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.
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.
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.
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.
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
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
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
Business Travel Accident Insurance
Associates are covered at no cost, at five times annual salary.
Russell Investment Program for Associates
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
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
Updated September 23, 2011