Updated:
Fiserv 401(k) Savings Plan
Robert Hau-signed Fiserv 401(k) Savings Plan deploys ~$110M into early-stage and expansion venture via fund-of-funds.
Fiserv 401(k) Savings Plan
The Fiserv 401(k) Savings Plan was launched in 1990 as the First Data Corporation Incentive Savings Plan, serving employees of the global electronic-commerce and payment-processing firm. After Fiserv acquired First Data Corporation, the plan was renamed and brought under the parent company's governance. Wealth originates from decades of employee salary deferrals and employer contributions at a company whose systems now touch 70% of the world's leading brands. The plan allocates across the venture capital lifecycle, covering early-stage commitments — seed and start-up — alongside expansion, late-stage, and mezzanine positions. Its portfolio builds exposure through a fund-of-funds approach rather than direct co-investments. Beyond venture capital, stable-value assets and a BlackRock Liquidity Fund sit in the plan to provide a conservative counterweight, though specific holding names beyond these are not publicly itemized. The investment posture spans the United States. Total assets run to approximately $110 million, administered from the sponsor’s headquarters in Milwaukee. Kenneth F. Best serves as an authorized signatory alongside CFO Robert Hau. In September 2023, the plan's sponsor, Fiserv, announced its annual client conference, Forum 2026, maintained a strategic collaboration with OpenAI and integrated AI capabilities into its platforms — signaling broader corporate growth but generating no direct operational changes to the 401(k) plan's investment structure or team. Structurally, the plan stands out as a legacy device: a corporate pension plan for a legacy technology giant, surviving acquisition and absorbing the former First Data employee base, all while operating without a standalone investment committee or external investment office brand. It maintains investments through a fund-of-funds wrapper, a contrast to the direct-lending and principal-investing arms that some fintech corporations have built — here, governance stays inside the corporate finance function.
General information
Firm type
Pension Fund
Year founded
1990
AUM
~$110 million (Altss estimate)
Location
Region
North America
Country
United States
City
Milwaukee
Corporate office
600 N. Vel R. Phillips Ave., Milwaukee, WI 53203, United States
Principals
Robert W. Hau
Chief Financial Officer, Fiserv, Inc. (signatory for plan annual reports)
Kenneth F. Best
Authorized Signatory, Plan
Sector focus
Frequently asked questions
How does the Fiserv 401(k) Savings Plan relate to Fiserv, Inc.?
The plan is the defined-contribution retirement vehicle sponsored by Fiserv, Inc. It was originally the First Data Corporation Incentive Savings Plan before Fiserv acquired First Data Corporation. Fiserv's Chief Financial Officer, Robert W. Hau, signs the annual reports on its behalf, placing governance inside the corporate finance office rather than a separate pension board.
What investment stages does the plan target?
The plan commits to venture capital across the full spectrum: early-stage categories including seed and start-up, expansion/late-stage rounds, and mezzanine instruments. It gains exposure through a fund-of-funds structure, meaning it does not typically invest directly into individual portfolio companies.
Is the plan managed internally or does it employ an outsourced CIO?
The plan does not publicly disclose an outsourced chief investment officer or external investment adviser. It operates under the governance of Fiserv's corporate treasury, with CFO Robert Hau and Authorized Signatory Kenneth Best serving as named plan fiduciaries.
What portion of the plan is in public equity versus private venture?
Publicly available data does not itemize the plan's asset mix. Known components include venture capital fund-of-funds positions, a Stable Value Fund, and a BlackRock Liquidity Fund, but exact allocations between public and private assets are not reported externally.
Where does the underlying wealth come from?
Plan assets come from employee salary deferrals and employer contributions over multiple decades, originally at First Data Corporation and subsequently at Fiserv. Both entities built their wealth through computer systems design and global electronic-commerce services.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: