EDS Retirement Plan

EDS Retirement Plan

The EDS Retirement Plan was established in 1983 to provide pension benefits for employees of Electronic Data Systems, the pioneering IT-services firm Ross Perot built and later sold to General Motors in 1984. GM spun EDS off in 1996, and Hewlett-Packard acquired the company in 2008, freezing the plan to new participants and future pay-based accruals that same year. Today the plan continues to service a closed population of former EDS employees, with existing accounts earning interest credits until retirement. The plan's investment profile reflects a mature, frozen pension scheme in runoff rather than an active growth portfolio. Identifiable holdings include a direct UK commercial property asset in Crawley — consistent with the plan's administrative base — and a group annuity contract placed with Prudential/Empower in the United States, a common de-risking tool for legacy defined-benefit liabilities. The plan operates as a captive corporate pension vehicle under the HP Inc. umbrella, sharing administrative history with both HP Inc. and Hewlett Packard Enterprise following the 2015 HP split. Unlike active multi-employer or public pension systems, it has no disclosed internal investment team, no known direct co-investment program, and no publicly reported AUM figure — all hallmarks of a legacy defined-benefit book managed through institutional service providers rather than a dedicated internal asset-management function. The plan's structural distinction is its status as a frozen corporate legacy vehicle attached to a corporate genealogy spanning three of American technology's most consequential deals: the GM-EDS merger, the HP-EDS acquisition, and the HP-HPE separation. Its investment posture is preservation-oriented, consistent with a maturing participant base and annuity-based liability management, not a platform for new commitments.