Savings and Retirement
Employee Stock Investment Plan
Overview
The Employee Stock Investment Plan (ESIP) enables you to invest in Travelers common stock through payroll deductions and optional cash contributions. ESIP offers:
- Convenience – Your contributions to ESIP are deducted from your paycheck. Your funds, including dividends and optional cash contributions are invested automatically. Wells Fargo Bank, the plan administrator, purchases and holds the shares for you.
- Flexibility – You can add to your investment by making optional cash contributions to the plan of up to $1,000 per month.
- Full investment of funds – Your funds are invested in full and fractional shares. Dividends on those shares are fully invested for you.
- No purchase costs – There are no deductions for service charges of brokerage fees for purchasing shares. Travelers pays these charges for you.
Additional Details
Access the Employee Stock Investment Plan Information/Authorization (PDF)* form for comprehensive information about this benefit, including details about payroll deduction, optional cash contributions, deposit of stock certificates, canceling participation in the program and tax considerations.
Eligibility
You can participate in ESIP if you are of legal age and a regular, salaried employee of Travelers or its affiliates.
Note: If you take a hardship withdrawal from your 401(k) plan, you cannot participate in ESIP for six months.
Cost
You can participate in the program through payroll deductions and optional cash contributions. Payroll deductions can be authorized in multiples of $5 or as a percentage of your semi-monthly salary.
After your initial payroll deduction, you may increase your investment with optional cash contributions. The total amount invested through optional cash contributions cannot exceed $1,000 per month.
Related Programs & Resources
Please review the "Savings and Retirement" section of the Benefits Web Site for more information about related programs and resources.
How to Enroll
You can enroll in the plan by completing the Employee Stock Investment Plan Information/Authorization (PDF)* form and returning it to:
Travelers
Payroll
Mail Code 9275-SB02L
385 Washington Street
St. Paul, MN 55102
* This link is accessible only to employees logged into Travelers secure network.
