# Abbott - AbbVie Multiple Employer Pension Plan

Abbott - AbbVie Multiple Employer Pension Plan is a Pension Fund based in Abbott Park, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Abbott Park, United States
- **Region:** North America
- **Address:** Abbott Park, IL, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** abbott.com
- **LinkedIn:** https://www.linkedin.com/company/abbott-

## Regulatory record

- **Reports private funds:** No

## About

The Abbott-AbbVie Multiple Employer Pension Plan is the legacy defined benefit vehicle that survived Abbott Laboratories' 2013 spinoff of its research-based pharmaceuticals business into AbbVie Inc. Rather than splitting the existing pension trust, the two companies jointly sponsor this plan for employees and retirees who earned benefits before the separation. The plan is frozen, so no new participants accrue benefits, and its primary function is actuarial — ensuring monthly checks clear for a gradually aging and shrinking pool of former workers. The plan's investment strategy is conservative and liability-hedged, typical of frozen corporate pensions. The plan has also held unusual assets — a DIP term loan to Hi-Crush Inc. The plan's scale is not publicly disclosed. There are no known adjacent philanthropic vehicles or co-investment clubs tied to the plan, as it functions purely as a corporate-finance obligation rather than a family-office-style capital allocator. Its structural differentiator is its very existence as a shared vehicle between two independent S&P 500 companies. Most corporate spinoffs partition pension assets fully; Abbott and AbbVie chose joint sponsorship, preserving a single trust with unified governance. As the plan's obligations wind down, the investment challenge flips from growth to careful duration-matching, making its terminal strategy distinct from open, accruing funds — a slow liquidation masquerading as a pension.

## People

- Rachel Lopez — Administrator

## Questions

### Why does a single pension plan serve both Abbott and AbbVie?

When Abbott Laboratories spun off its pharmaceutical division into AbbVie in 2013, the two companies elected to jointly sponsor the existing pension plan rather than splitting it into separate trusts. The plan covers employees and retirees from both companies who earned benefits prior to the separation. Each company has a legal obligation to fund the benefits attributed to its respective participants.

### Is the plan still open to new participants or accruals?

No. The plan is frozen, meaning no new employees can join and existing participants do not accrue additional benefits. Its sole function is to pay out vested obligations to eligible former employees and retirees over time, gradually winding down the liability pool.

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Last updated: 2026-08-11T02:43:31.692Z

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