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Globe Life Inc. Pension Plan
The Globe Life Inc. Pension Plan was established in 1983 as a non-contributory defined benefit plan for Torchmark Corporation, later renamed Globe Life Inc.
Globe Life Inc. Pension Plan
The Globe Life Inc. Pension Plan was established in 1983 as a non-contributory defined benefit plan for Torchmark Corporation, later renamed Globe Life Inc. It provides retirement benefits to employees of the parent and affiliates. The plan allocates to public equities through S&P 500 Index Fund and Equity Exchange Traded Fund positions valued at $367.9 million and $224.6 million respectively. Fixed income exposure totals $35.5 million via an Exchange Traded Fund. Private equity commitments include PIMCO Bravo Fund III and Long-term Investment Funds. Assets total $527 million. The plan uses Wellington Investment Advisors Holdings LLP as investment advisor, Great West Trust Company as trustee and custodian, Empower as third party administrator, and Deloitte & Touche LLP as auditor. Globe Life Foundation and Make Tomorrow Better Foundation handle related philanthropic activity. The plan operates as a corporate pension vehicle sponsored directly by Globe Life Inc., with investment decisions executed through external advisors rather than an internal CIO structure.
General information
Firm type
Pension Fund
Year founded
1983
Location
Region
North America
Country
United States
City
McKinney
Corporate office
3700 S. Stonebridge Drive, McKinney, TX 75070-8080, United States
Principals
Rebecca E. Zorn
Plan Administrator
Sector focus
Frequently asked questions
Who runs investment decisions at Globe Life Inc. Pension Plan?
Rebecca E. Zorn serves as plan administrator. External advisors including Wellington Investment Advisors Holdings LLP execute investment management.
Does Globe Life Inc. Pension Plan participate in fund commitments or only direct deals?
The plan holds limited partnership interests in PIMCO Bravo Fund III and Long-term Investment Funds.
What asset classes does Globe Life Inc. Pension Plan hold?
Holdings include S&P 500 Index Fund, equity and fixed income ETFs, and private equity funds.
How is Globe Life Inc. Pension Plan related to Globe Life Inc.?
Globe Life Inc. is the plan sponsor and parent company.
Where does the underlying wealth come from for Globe Life Inc. Pension Plan?
The plan is funded by Globe Life Inc. to meet defined benefit obligations for its employees.
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