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DuPont Pension Plan
The DuPont Pension Plan originated in 1947 when Mary Chichester duPont created the trust. It supplied pensions to staff working for the founder and for her...
Overview
The DuPont Pension Plan originated in 1947 when Mary Chichester duPont created the trust. It supplied pensions to staff working for the founder and for her grandchildren who acted as qualified employers. Confirmed family employers include Helena duPont Wright, James Mills, Mary Mills Abel-Smith, Christopher T. duPont, and Katharine D. Gahagan. The plan holds its investment portfolio in Delaware. The Chichester duPont Foundation appears as an adjacent philanthropic vehicle. No additional offices or professional headcount figures are recorded. Governance remains anchored to the original family trust structure rather than a conventional corporate pension sponsor.
General information
Firm type
Pension Fund
Year founded
1947
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, United States
Principals
Mary Chichester duPont
Founder
Frequently asked questions
Who established the DuPont Pension Plan?
Mary Chichester duPont created the trust in 1947 to provide pensions for employees of her family businesses.
What caused the plan's underfunding?
Litigation records show breaches of fiduciary duties by trustees and employers led to the shortfall.
Which family members served as qualified employers under the plan?
Helena duPont Wright, James Mills, Mary Mills Abel-Smith, Christopher T. duPont, and Katharine D. Gahagan are listed as grandchildren acting in that capacity.
Where is the plan's investment portfolio held?
The portfolio is located in Delaware.
Does the plan maintain a related foundation?
The Chichester duPont Foundation operates as an adjacent philanthropic structure.
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