LP profile · Pension fund
Eversource Retirement Plan Master Trust
Eversource Retirement Plan Master Trust is a pension fund headquartered in United States (North America). Ranked #261 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Eversource Retirement Plan Master Trust was established in 2000.
- It serves as a single-employer corporate pension fund for the employees of Eversource Energy, a Fortune 500 energy company.
Source of Capital
- The trust's capital is sourced from the pension plan established for the employees of Eversource Energy.
- Eversource Energy offers a 401(k) plan with an employer match and a cash balance pension plan with employer contributions based on employee age, service years, and pay.
Major Events
- In October 2020, the Eversource Supplemental Retirement and Savings Plan and the Eversource Gas Company of Massachusetts 401k Plan Master Trust were created to hold the assets of the plan and the EGMA 401k Plan collectively.
- The company reached a $15 million settlement in a class-action lawsuit concerning fees and funds within its 401(k) plan.
Allocation Strategy
- No information available.
Sources
- https://pitchbook.com/profiles/limited-partner/58901-95
- https://www.sec.gov/Archives/edgar/data/72741/000007274121000014/a2020form11-k.htm
- https://news.bloomberglaw.com/employee-benefits/eversource-energy-cleared-for-15-million-401k-plan-settlement
- https://jobs.eversource.com/total-rewards
- https://www.pionline.com/pension-funds/eversource-energize-pension-plans-130-million