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Retirement plan

HP INC. PENSION PLAN

HP INC.EIN 94-1081436Plan #003PY 2020
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10300 ENERGY DRIVE - SPRING, TX 77389469-808-6825
Other plans on this EIN
2 filings
#004Retirement-$9.77B assets#001Retirement-$464.0M assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(469) 808-6825
How to read this page

Summary metrics

Total assets (EOY)
$10935.5M
-5.5% from 2017
Total participants
96,245
+2.9% from 2017
Average account balance
$0
No prior year
Annual return
11.60%
-4.82 pp from 2017

Benchmarks

See 134 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort134 peers
Snapshot2020
Participant deferral / active EE
$0
median $211
Employer contribution / active EE
$0
median $5,885
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
11.60%
median 13.96%
Overall peer rank
26th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$4.55B
Average account balance
Total assets / participants with a balance (line 6g)
$91K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
46,621
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.96%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 12 by compensation
ProviderService typeCompensation
FIDELITY MANAGEMENT TRUST COMPANY5+ years
Service code 13 · EIN 04-2647786
Contract Administrator
$4,757,512
ALIGHT SOLUTIONS LLC3 years
Service code 11 · EIN 36-2235791
Actuarial
$2,200,029
BANK OF NEW YORK MELLON3 years
Service code 18 · EIN 13-5160382
Direct payment from the plan; Custodi...
$1,116,815
AON2 years
Service code 28 · EIN 22-2232264
Investment Management
$924,567
HP INC.3 years
Service code 14 · EIN 94-1081436
Plan Administrator
$373,615
ERNST & YOUNG2 years
Service code 10 · EIN 34-6565596
Accounting
$263,788
DELOITTE2 years
Service code 10 · EIN 13-3891517
Accounting
$146,976
MOSS ADAMS5+ years
Service code 10 · EIN 91-0189318
Accounting
$128,558
ZENO AN SOLUTIONS1 year
Service code 28 · EIN 81-2351633
Investment Management
$26,468
QDRO5+ years
Service code 16 · EIN 34-1820650
Consulting
$18,250

Enrolled actuary

1 attachment
SB

JEFF D. CLYMER

AON CONSULTING, INC.
Enrollment #2003971
230 THIRD AVENUE
WALTHAM, MA 024517528
(781) 891-8600
Signed 2021-07-20

Top hat statement on fileNQDC

Filed November 9, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1D1E1F1I3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1D
    Floor-offset plan
    Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 1F
    Section 414(k) arrangement
    Benefits are based partly on the balance of the separate account of the participant. Must also include appropriate defined contribution pension feature codes.
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$18.9M
$4193 / participant
  • Contract admin$1M7.9%
  • Other / not subdivided$17M92.1%
% of EOY assets
0.173%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG, LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified