Vanguard Group

Leading mutual fund company.

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Headquarters:
PO Box 2600
Valley Forge, PA 19482
Employees: 12,000
CEO: John Brennan
Privately held

Website: http://www.vanguard.com

Career Site

The Vanguard Group is one of the nation's largest managers of mutual funds and a provider of company-sponsored retirement plan services.

Vanguard manages the largest mutual fund in the country, the $123 billion Vanguard 500 Index Fund, which mimics the performance of the S&P 500 Index. The company offers 150 mutual funds in the U.S. and over 50 funds for international markets. It has 18 million total account holders. As of 12/31/07, the company had over $1.3 trillion in assets under management. Average expense ratio for funds is .21%.

Vanguard has headquarters in Valley Forge, PA; with offices in Scottsdale, AZ;  Charlotte, NC;  Melbourne, Australia;  Brussels, Belgium;  Singapore;  and Tokyo, Japan
 
The company was founded by John Bogle on May 1, 1975 with 11 mutual funds and approximately $1.8 billion in assets.

Benefits

In addition to base salary, Vanguard offers a partnership plan with compensation depending upon company performance. Bonuses are also offered based on individual performance.

The company offers a Flexcare program to pay for health, dental, vision and prescription drug benefits.

A retirement and savings plan is offered where employees can invest up to 50% of salary. Vanguard will match the first 4% of contributions after one year or 1,000 hours of service. Contributions vest immediately. Each quarter, Vanguard will also contribute 10% of employee's total salary and bonus into the retirement portion of the program. This amount will vest partially after three years of service and completely after seven years.

Employees can also invest a portion of their paycheck in any Vanguard mutual fund.

Paid time off is available based on years of service. Employees can purchase up to one week extra time off. Paid holidays generally correspond to the schedule of the New York Stock Exchange.

Updated February 23, 2008