LP profile · Pension fund
BP Master Trust For Employee Pension Plans
BP Master Trust For Employee Pension Plans is a pension fund headquartered in United States (North America). Ranked #110 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The BP Master Trust For Employee Pension Plans is a defined benefit corporate pension plan.
- It is subject to the Employee Retirement Income Security Act of 1974 (ERISA), which sets minimum standards for most voluntarily established retirement and health plans in private industry.
Source of Capital
- The trust's capital is sourced from contributions made by BP on behalf of its employees to fund their retirement benefits.
- It functions as a pension fund, providing retirement, disability, and death benefits to the eligible employees of BP and its subsidiaries.
Major Events
- In 2023, a Texas judge ruled in favor of approximately 7,000 BP retirees in a class-action lawsuit. The suit, filed in 2019, alleged that BP had manipulated their pension plans, resulting in lower retirement benefits.
Allocation Strategy
- The assets of the pension fund are managed by an internal BP team.
- The plan's assets are held in the BP Master Trust for Employee Savings Plans.
- No specific information is publicly available regarding the trust's detailed allocation strategy, sector preferences, or investment targets.
Sources
- https://www.sec.gov/Archives/edgar/data/313807/000031380703000048/bpesp11k2002t.htm
- https://publiclawlibrary.org/battling-the-oil-giant-texas-judge-rules-in-favor-of-7000-bp-retirees-in-pension-dispute/
- https://www.qdrodesk.com/plans/BP-MASTER-TRUST-FOR-EMPLOYEE-PENSION-PLANS-13265.shtml
- https://pitchbook.com/profiles/limited-partner/11546-47