LP profile · Pension fund
General Motors Hourly-Rate Employees Pension Plan
General Motors Hourly-Rate Employees Pension Plan is a pension fund headquartered in United States (North America). Ranked #101 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The General Motors Hourly-Rate Employees Pension Plan is a defined benefit pension plan established in 1950.
- It was created through an agreement between the predecessor to General Motors and the United Auto Workers (UAW) union to provide retirement income for its hourly workforce.
Source of Capital
- The plan's capital is funded by General Motors to meet its pension obligations to hourly-rate employees and retirees.
- It is a corporate pension fund, meaning the assets are set aside by the company to provide for the retirement, disability, and death benefits of its plan participants.
Major Events
- No information available.
Allocation Strategy
- The plan's investments are managed by the General Motors Investment Management Corporation (GMIMCo), which serves as the named fiduciary for investment purposes.
- No information available.