# Merck & Company, Inc.

Merck & Company, Inc. is a Corporate Defined Benefit Pension Plan based in Rahway, United States.

## Overview

- **Organization type:** Corporate Defined Benefit Pension Plan
- **Headquarters:** Rahway, United States
- **Region:** North America
- **Address:** 126 East Lincoln Avenue, Rahway, NJ 07065, United States
- **Assets under management:** Undisclosed
- **Website:** www.merck.com

## Regulatory record

- **Reports private funds:** No

## About

Merck & Company, Inc. operates a corporate defined benefit pension plan for its employees, managed internally with oversight from the company's executive leadership. Robert Davis serves as Chairman, President, and CEO, while Caroline Litchfield holds the role of Executive Vice President and CFO, and Dean Y. Li oversees Merck Research Laboratories (per the firm's official communications). The wealth base derives from Merck's pharmaceutical operations, including blockbuster drugs like Keytruda. Strategy: The pension plan allocates across buyout strategies, targeting private equity, real estate, and infrastructure to match long-duration liabilities. Real estate holdings include the Rahway world headquarters campus in New Jersey, the Upper Gwynedd facility in Pennsylvania, and manufacturing sites in West Point and Elkton, Virginia, plus Wilmington, Delaware, and Dunboyne, Ireland. Investment exposure spans North America and Europe through direct and fund-level commitments. Scale: As a corporate pension sponsor, Merck does not publicly disclose plan-specific AUM. The broader company reported $60.1 billion in revenue for 2024 (per the firm's 2024 annual report). The pension fund's assets are housed within Merck's overall corporate treasury, with no separate external GPs named. The Merck Company Foundation handles the firm's philanthropic giving separately from the pension plan. Structural differentiator: The plan is fully internally managed, distinct from outsourced CIO models common among corporate pensions. No succession or governance changes have been disclosed in the past 24 months.

## Sectors

- Healthcare Services
- Biotechnology
- Pharmaceuticals
- Real Estate

## Offices

- Upper Gwynedd Township, PA
- West Point, PA
- Elkton, VA
- Wilmington, DE
- Dunboyne, Ireland

## People

- Robert M. Davis — Chairman, President, and CEO of Merck & Co., Inc.
- Caroline Litchfield — Executive Vice President and Chief Financial Officer
- Dean Y. Li, M.D., Ph.D. — Executive Vice President and President, Merck Research Laboratories
- Jennifer Zachary — Executive Vice President and General Counsel

## Questions

### Who oversees Merck's pension plan investment decisions?

Executive leadership at Merck & Co., including CEO Robert Davis and CFO Caroline Litchfield, oversee the pension plan's strategy. Specific investment decisions are made by internal corporate treasury staff (per the firm's official communications).

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Last updated: 2026-08-11T02:43:31.692Z

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