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The Spirax Sarco, Inc. Pension Plan
The Spirax Sarco, Inc. Pension Plan is a private sector, non-contributory defined benefit pension fund located in South Carolina, US. It provides participants...
The Spirax Sarco, Inc. Pension Plan
The Spirax Sarco, Inc. Pension Plan is a private sector, non-contributory defined benefit pension fund located in South Carolina, US. It provides participants with a monthly retirement benefit upon reaching a specific age and is currently a "frozen" plan, meaning no new benefit accruals.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
Blythewood
Corporate office
Blythewood, South Carolina, United States
Frequently asked questions
Is the Spirax Sarco, Inc. Pension Plan still open to new participants?
No. The plan is frozen, meaning it no longer accrues new benefits for participants. Current participants retain the benefits they had already earned up to the freeze date, and the plan exists solely to pay out those legacy obligations over time.
Who sponsors and guarantees the pension plan?
The plan is sponsored by Spirax Sarco, Inc., the US operating subsidiary of Spirax Group (formerly Spirax-Sarco Engineering plc), a publicly traded company headquartered in Cheltenham, UK. The financial strength of the parent company indirectly supports the plan's ability to meet its obligations.
How is the pension plan's investment portfolio managed?
Investment details are not publicly disclosed, but frozen corporate plans typically follow a liability-driven investing framework. The focus is on matching plan obligations to reduce funded-status volatility, with allocations heavily weighted toward investment-grade fixed income, and often with some diversification into equities or real assets to address longer-dated liabilities.
Does the plan actively seek new external managers or make new fund commitments?
Unlikely to be an active allocator. Frozen plans in runoff generally do not seek new relationships or significantly alter asset allocation. Manager selection is typically limited to maintaining existing mandates or incrementally adjusting duration matching as the plan's liability tail shrinks.
What is the plan's relationship with the parent company's UK pension scheme?
They are legally separate entities governed by different jurisdictions and regulatory frameworks. The UK plan is a much larger scheme subject to UK Pensions Regulator oversight. The US plan operates under ERISA and PBGC rules. There is no evidence of shared investment staff or pooled investment vehicles between the two.
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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