American Century Investments

Offers mutual funds and investments.

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Headquarters: 4500 Main St.
Kansas City, MO 64111
Employees: 1,300
CEO: Jonathan Thomas
Privately held

Website: http://www.americancentury.com

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American Century Investments is a leading investment manager with nearly 50 years of experience helping investors achieve their financial goals. Serving investment professionals, institutions, corporations and 1.6 million individual investors, American Century offers a broad array of products across a variety of investment disciplines.

Based in Kansas City, the company manages approximately $100 billion in assets through mutual funds, separate accounts, commingled trusts, subadvisory accounts and institutional class funds.

The company has offices in New York, London, Hong Kong and Mountain View, CA.

History

The company was started by James Stowers Jr. along with other investors in 1958 with $107,000. When American Century (formerly Twentieth Century Investments) opened its doors in Kansas City, MO, it offered investors two funds - Growth Investors and Income Investors (now Select).

Recognizing the value of the computer to the investment business, Mr. Stowers pioneered the use of computers in portfolio management in 1973. He designed the comprehensive portfolio analysis system and wrote the software programs used by American Century Investment Management, Inc., to manage the funds and track data on more than 18,000 securities. He also designed the company's shareholder accounting system and terminal screens and wrote the software programs used in today's operation of the funds.

In June of 1995, Twentieth Century Investors merged with The Benham Group, a prominent fixed-income investment management firm in Mountain View, California. Benham was the first company to offer an all-treasury money market investment and continues to forge new approaches to fixed-income management with zero coupon bond funds and a wide array of other specialized fixed-income fund offerings.

Stowers' son, James III, is the chairman of the company.

Benefits

- Medical Benefits: American Century offers several options for medical coverage. Each medical option offers coverage for medical and Rx services. We encourage preventive care by covering certain services at 100%. We offer extensive prescription drug programs, which covers medically necessary prescription drugs and oral contraceptives. Your medical and prescription drug coverage begins on the first day of employment.
- Retiree Medical Option: Employees who have reached age 50 with 10 years of service or age 55 with five years of service may elect medical coverage for themselves and eligible dependents upon retirement. If elected, you are responsible for the full cost of the premiums.
- Lifecycle Reimbursement: Employees are eligible to receive an annual reimbursement for a variety of expenses such as home fitness equipment or classes, childbirth preparation classes, financial planner fees, music lessons and more.
- Dental Benefits: Whether or not you elect medical coverage, you can choose dental benefits for you, your spouse/partner or dependents.
- Travel Service: Our travel service is a free, personal travel service that assists you with your leisure travel arrangements.
- Car-Buying Resources: This is a personalized service that matches your preference for an automobile with a dealership in a no-hassle environment.
- Mortgage Resources: We make available mortgage resources that offer an easy application process and quick approval decisions with other benefits.
- Scholarship Program: Scholarships are available for eligible employees' dependents. Scholarships are awarded to students competitively on the basis of academic record, leadership, participation in school and community activities, and work experience.
- Profit Sharing and 401(k) Savings: The Profit Sharing feature can reward eligible participants with a discretionary, employer funded, contribution which has historically been up to 8% of eligible compensation. The company will also contribute, to eligible participants, a fixed contribution of 5% of eligible compensation. Participants who are employed on Dec. 31 and who have been credited with at least 1,000 hours of service during the plan year (Jan. 1 through Dec. 31) will be eligible to receive Profit Sharing contributions. Vesting is based on years of service (at least 1,000 hours of service during the plan year), beginning with a vested percentage of 20% for two years of service, growing to 100% at six years.
- Basic Term Life Insurance and Accidental Death & Dismemberment (AD&D): American Century provides basic life insurance and AD&D coverage for eligible employees. Premiums for this coverage are paid by American Century
- Disability Insurance: The purpose of disability insurance is to provide replacement income when personal injury or sickness causes you to be absent from work. Premiums for short- and long-term disability are paid by American Century.
- Paid Time Off (PTO): Employees receive from 19 to 24 days of PTO per calendar year. You have the flexibility you need to do what you want with your PTO days. Even though you earn PTO throughout the year, they are available on your first day of employment.
- Holidays: You receive nine paid holidays a year. The schedule is subject to change based on the New York Stock Exchange hours of operation.
- Sabbatical: Employees are eligible for a four-week paid sabbatical beginning Jan. 1 following the year in which their seven-year anniversary occurs.
- Tuition Reimbursement: Eligible employees regularly scheduled to work 20 hours or more per week may receive up to $5,000 reimbursement per calendar year. Eligible employees regularly scheduled to work fewer than 20 hours per week may receive up to $2,500 in reimbursement.

- Additional Benefits:

- a business casual dress policy year round
- 25-cent cans of juice, soda and bottled water
- dry cleaning pick-up and delivery
- ATMs in most of our buildings

Updated July 19, 2010