LP profile · Pension fund
HP Deferred Profit-Sharing Plan
HP Deferred Profit-Sharing Plan is a pension fund headquartered in United States (North America). Ranked #69 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Hewlett-Packard Company Deferred Profit-Sharing Plan is a defined contribution plan established in 1956.
- The plan was closed to new participants on November 1, 1993.
Source of Capital
- The plan's capital is sourced from contributions made by Hewlett-Packard on behalf of its employees who were participants in the plan before it was frozen.
- It was designed as a retirement savings vehicle for HP employees.
Major Events
- For employees who participated before 1993, the benefits from the HP Retirement Plan are offset by the value of benefits earned under the Deferred Profit-Sharing Plan, creating a "floor-offset" arrangement.
- The plan's total assets were valued at $311.6 million at the end of 2023, a decrease from $463 million at the end of fiscal year 2020.
Allocation Strategy
- No information available.
Sources
- https://www.myplaniq.com/invest/planinfo/hp-inc-deferred-profitsharing-plan/
- https://hpalumni.org/RetirementPlans-HPLegacy
- https://www.sec.gov/Archives/edgar/data/47217/000004721720000045/R12.htm
- https://media.corporate-ir.net/media_files/irol/71/71087/Proxy2009/PDF/hewlett-packard-proxy2009_0055.pdf