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LyondellBasell US Retirement Plan
The plan was established in 1989 alongside the formation of the LyondellBasell corporate structure. It operates as a defined-benefit and defined-contribution...
LyondellBasell US Retirement Plan
The plan was established in 1989 alongside the formation of the LyondellBasell corporate structure. It operates as a defined-benefit and defined-contribution vehicle sponsored by Lyondell Chemical Company and participating employers including Equistar Chemicals and Houston Refining. Plan assets sit legally separate from the parent listed company. Allocations include private equity fund commitments and real estate fund commitments. The plan also holds positions in Northern Trust Collective Funds, State Street Target Retirement Funds, and BlackRock Institutional Funds. Geographic exposure centers on North America with additional commitments spanning global private markets. No named direct co-investments or specific fund vehicles appear in public filings. The plan reported $1.665 billion in assets at fiscal year-end 2023. Northern Trust serves as trustee and custodian; State Street and Mercer provide investment management and actuarial services. May 2024: pension liabilities and funding status were addressed at the LyondellBasell Annual General Meeting in Rotterdam. The plan maintains no disclosed direct deal program or separate investment committee structure beyond standard ERISA governance. Oversight remains tied to the corporate sponsor through the Benefits Service Center.
General information
Firm type
Pension Fund
Year founded
1989
Location
Region
North America
Country
United States
City
Houston
Corporate office
LyondellBasell Tower 1221 McKinney Street Suite 300, Houston, Texas, United States
Sector focus
Frequently asked questions
Who sponsors the LyondellBasell US Retirement Plan?
The plan is sponsored by Lyondell Chemical Company with participation from Equistar Chemicals and Houston Refining, all subsidiaries of LyondellBasell Industries N.V.
What asset classes receive allocations from the plan?
The plan allocates to private equity, real estate fund commitments, and commingled equity and fixed-income vehicles through Northern Trust and State Street.
Which providers support plan administration and custody?
Northern Trust acts as trustee and custodian. State Street provides custody and target-date fund management. Mercer serves as investment advisor and actuary.
Does the plan make direct investments or only fund commitments?
Available data shows only fund commitments in private equity and real estate; no direct co-investments or single-name holdings are disclosed.
How are plan assets separated from the corporate parent?
Plan assets are held in a distinct trust structure governed by ERISA and sit outside the operating balance sheet of LyondellBasell Industries N.V.
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.
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