The Vanguard Group is one of the nation's largest managers of mutual funds and a provider of company-sponsored retirement plan services.
The company offers 160 mutual funds in the U.S. and over 120 funds for international markets. It has over 20 million total investors. The company's oldest fund is the Wellington Fund started in 1929.
As of December 2014, the company has about $3.1 trillion in assets under management. Average expense ratio for funds is .19%.
Vanguard has over 14,000 employees in 15 locations. The company's headquarters are in Valley Forge, PA; with offices in Scottsdale, AZ; Charlotte, NC; London, UK; Brisbane, Australia; Melbourne, Australia; Brussels, Belgium; Singapore; Zurich, Switzerland; 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.
In 1976, the company launched the first index mutual fund, now known as the Vanguard 500 Index Fund.
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 January 5, 2015