Regions Pension Plan

Regions Pension Plan

The Regions Financial Corporation Retirement Plan functions as a defined benefit pension plan. It provides retirement benefits to associates of Regions Financial Corporation. A 2006 merger shaped its current form. The plan allocates about 5 percent of assets to an Other category that includes hedge fund and real estate fund holdings. Confirmed positions include limited partner commitments to Northern Trust Private Equity Funds, Mesirow Financial Private Equity, Pantheon Ventures, and Axon Partners Group. Geographic exposure centers on the United States with additional commitments in the United Kingdom and Spain. BlackRock-managed funds represent a significant public holding valued at $164 million as of 2022 filings. The plan reports 3 percent ownership in sponsor Regions Financial Corp. stock valued at $55 million as of December 31, 2023. Regions Bank serves as trustee and custodian. Ernst & Young acts as independent auditor. BlackRock provides investment management services. The plan sponsor maintains the Regions Financial Corporation Foundation, which focuses on education and economic development in the United States. The plan maintains membership in the Council of Institutional Investors. Governance links directly to the sponsor's board and annual shareholder meeting processes.