Travelers 401(k) match: 5% max
The Travelers 401(k) Savings Plan · TRV · CIK 86312
Maximum employer match, as a share of pay
5%
Travelers matches 100% (dollar-for-dollar) of the first 5% of pay.
From the Form 11-K filed June 15, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Travelers puts in, and what the plan costs
What Travelers put into the plan, per active participant
$4,857
Travelers put $4,857 into this plan for each of its 30,785 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Travelers put in less per active participant than 51% of plans with 5,000+ participants in insurance. The middle plan in that group of 98 reported $5,049. Insurance comes from business code 524150, which Travelers entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Travelers pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 410518860, plan 002 · DOL EFAST2 ↗
The $4,857 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Travelers also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Travelers puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company matches 100% of the Plan participant’s contributions up to the first 5% of annual eligible pay, subject to a maximum annual match amount of $7,500. In addition to participant contributions, the Paying It Forward Savings Program, provides an annual employer matching contribution based on student loan repayments made by eligible employees. The Company matching contribution and Paying It Forward Savings Program annual matching contribution, together, will not exceed the lesser of 5% of compensation or $7,500. The Company matching contribution and Paying It Forward contribution are made once a year and are invested according to the participant’s current investment election for new contributions going into the Plan. Employer contributions totaling $156,624,639 for plan year 2025 were made to the Plan in January and February 2026, and employer contributions totaling $149,381,123 for plan year 2024 were made to the Plan in January and February 2025. Except for cases of retirement or termination due to reduction in force, disability or death, the matching contribution was made only for participants employed on the last working day of December.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 4% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are 100% vested in their contributions, the supplemental contributions and related earnings. In general, participants are vested in their Company matching contributions, Paying It Forward annual contributions, and related earnings after three years of service. Participants also become vested in full if they reach age 62 while employed, terminate employment due to a disability, die prior to termination of employment or while in qualified military service, or upon termination of the Plan.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
78th percentile
$89.33 per participant in plan-paid administrative cost, more expensive than 78% of plans with 5,000+ participants.
What is Travelers' 401(k) match formula?
Travelers' 401(k) employer match tops out at 5% of pay. The match is deposited once a year. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 5% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Deposited | Once a year |
| Paid in company stock | No, paid in cash or per your investment elections |
| Conditions | The match is subject to a maximum annual match amount of $7,500; the Company matching contribution and Paying It Forward contribution together will not exceed the lesser of 5% of compensation or $7,500; except for cases of retirement or termination due to reduction in force, disability or death, the matching contribution is made only for participants employed on the last working day of December |
| Other employer contribution | Paying It Forward Savings Program: an annual employer matching contribution based on student loan repayments made by eligible employees, counted with the regular match toward the lesser of 5% of compensation or $7,500 |
| Other employer contribution | Supplemental contribution to certain eligible participants, fixed for each year the participant remains actively employed ($123,953 for plan year 2025) |
At a $45,000 salary, contributing 5% ($2,250) earns the full employer match of $2,250 for the year.
What the filing says, word for word
“The Company matches 100% of the Plan participant’s contributions up to the first 5% of annual eligible pay, subject to a maximum annual match amount of $7,500. In addition to participant contributions, the Paying It Forward Savings Program, provides an annual employer matching contribution based on student loan repayments made by eligible employees. The Company matching contribution and Paying It Forward Savings Program annual matching contribution, together, will not exceed the lesser of 5% of compensation or $7,500. The Company matching contribution and Paying It Forward contribution are made once a year and are invested according to the participant’s current investment election for new contributions going into the Plan. Employer contributions totaling $156,624,639 for plan year 2025 were made to the Plan in January and February 2026, and employer contributions totaling $149,381,123 for plan year 2024 were made to the Plan in January and February 2025. Except for cases of retirement or termination due to reduction in force, disability or death, the matching contribution was made only for participants employed on the last working day of December.”
Source: Form 11-K filed June 15, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Travelers' 401(k) vesting schedule?
Travelers vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Full vesting upon reaching age 62 while employed, termination of employment due to a disability, death prior to termination of employment or while in qualified military service, or upon termination of the Plan |
| Other employer contributions | Supplemental contributions are 100% vested immediately; Paying It Forward annual contributions vest after three years of service like the match |
Vesting, word for word
“Participants are 100% vested in their contributions, the supplemental contributions and related earnings. In general, participants are vested in their Company matching contributions, Paying It Forward annual contributions, and related earnings after three years of service. Participants also become vested in full if they reach age 62 while employed, terminate employment due to a disability, die prior to termination of employment or while in qualified military service, or upon termination of the Plan.”
Source: Form 11-K filed June 15, 2026, SEC EDGAR · SEC ↗
Who can join Travelers' 401(k), and is enrollment automatic?
Travelers enrolls new hires automatically at 5% of pay.
| Plan entry | All U.S. employees of participating companies, as defined by the Plan, are eligible to participate immediately upon employment, subject to limited exclusions |
|---|---|
| Match eligibility | Except for cases of retirement or termination due to reduction in force, disability or death, the matching contribution is made only for participants employed on the last working day of December |
| Automatic enrollment | Yes: default deferral 5% of pay |
Eligibility, word for word
“All U.S. employees of participating companies, as defined by the Plan, are eligible to participate immediately upon employment, subject to limited exclusions.”
Automatic enrollment, word for word
“Newly hired eligible employees are automatically enrolled at a 5% pre-tax contribution rate if they do not affirmatively make an election (i) not to participate; (ii) to participate at a different rate; or (iii) to contribute on an after-tax Roth 401(k) basis. Temporary status employees are eligible to participate in the Plan; however, they will not be automatically enrolled.”
Source: Form 11-K filed June 15, 2026, SEC EDGAR · SEC ↗
What does the Travelers plan report on Form 5500?
The Travelers plan reported $10.4B in assets and 41,712 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | The Travelers 401(k) Savings Plan |
|---|---|
| Total plan assets | $10,385,472,373 |
| Participants | 41,712 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $89.33 |
How that cost compares
This plan pays $89.33 per participant. The median across plans in insurance is $119.27, from the 1,004 of 1,068 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
The Travelers 401(k) Savings Plan on its Form 5500 filing: fees, providers and financials
How does Travelers' 401(k) match compare?
Travelers' maximum 401(k) match of 5% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in insurance, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in insurance.
Maximum match 6% of pay. Also in insurance.
Maximum match 5% of pay. Also in insurance.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay. Same 3-year cliff as Travelers.
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 15, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Travelers' 401(k) match?
Travelers matches 100% of employee contributions up to 5% of eligible pay (plan year ended December 31, 2025).
When does the Travelers 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Travelers' 401(k) plan have automatic enrollment?
Yes: default deferral 5% of pay.
Cite: 401(k) Monitor, “Travelers 401(k) plan facts”, from SEC Form 11-K accession 0000086312-26-000132, plan year ended 2025-12-31.