Sealed Air Corporation US Pension Plan

Sealed Air Corporation US Pension Plan

The plan exists exclusively to provide retirement benefits for the U.S. workforce of Sealed Air Corporation, the protective and food-packaging manufacturer behind BUBBLE WRAP and CRYOVAC brands. Sealed Air's corporate headquarters moved to Charlotte in 2016, and the pension plan operates from that same location. No named investment staff or principals are publicly documented for the plan itself; governance is delegated to a U.S. Retirement Committee that maintains the investment policy charter. Sealed Air Corporation has undergone significant structural change. In 2026, the company transitioned from public to private ownership under Clayton, Dubilier & Rice (CD&R), while continuing to operate under the Sealed Air name. It is a global business with 16,100 employees, 105 manufacturing facilities, and a presence in 119 countries. The pension plan's liability profile — and thus its asset-allocation posture — is shaped by this corporate demographic, though the plan's publicly disclosed investment strategy, asset-class targets, and specific manager or direct holdings are not available. The plan is a single-corporate defined-benefit vehicle with no known external client base, co-investment platform, or adjacent philanthropic foundation. As a private-company pension plan under CD&R ownership, it is subject to ERISA fiduciary standards and annual funding requirements. Its structural differentiator is purely organizational: the plan is a self-administered, committee-governed trust embedded in a newly private industrial company, rather than a multi-employer or public fund. The lack of transparency around asset size, specific allocation, and named investment personnel itself defines the vehicle — it operates as a benefit obligation, not as an institutional allocator visible to outside managers.