# The Western Union Company Incentive Savings Plan The Western Union Company Incentive Savings Plan is a Pension Fund based in Denver, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Denver, United States - **Region:** North America - **Address:** Denver, CO, United States - **Assets under management:** Undisclosed ## Regulatory record - **Reports private funds:** No ## About The Western Union Company Incentive Savings Plan is the primary defined-contribution retirement vehicle for Western Union, the cross-border money transfer network headquartered in Denver. As a 401(k) and profit-sharing plan, it serves a workforce of roughly 3,400 participants, offering them tax-advantaged retirement savings through payroll deductions and discretionary employer contributions. The plan's governance flows through Western Union's corporate leadership — CEO Devin McGranahan acts as authorized proxy for voting any company stock held within the plan, while Chief Legal Officer Benjamin Adams handles SEC filings and plan documentation. The plan's investment lineup is built around a core Western Union Stock Fund, which concentrates participant assets in the publicly traded shares of the sponsoring employer. Unlike a pension fund that actively sources direct deals or alternative investments, this vehicle operates as a recordkept platform, with asset allocation decisions distributed across individual participant accounts rather than centralized in an investment committee's discretion. The plan covers employees across Western Union's global operational footprint, though as a US-qualified retirement plan, its participation is limited to the company's domestic workforce. Western Union's global reach — spanning over 200 countries and territories with a network of agents and digital endpoints — far exceeds the plan's fiduciary scope. No dedicated investment team is publicly identifiable for the plan itself; administrative and fiduciary responsibilities are embedded within Western Union's corporate finance and legal functions rather than housed in a separate investment office. The plan's structural differentiator is its dual role as both a retirement benefit and a capital-markets mechanism for the sponsor. The Western Union Stock Fund aligns participant retirement outcomes with company equity performance, creating a concentrated exposure that typical diversified retirement plans avoid. This configuration makes the plan simultaneously a savings vehicle, an employee-retention tool, and a shareholder base — an architecture distinct from the arms-length relationships that govern most institutional allocators. ## People - Devin McGranahan — President and CEO of Western Union; authorized proxy for voting shares held in the plan - Benjamin C. Adams — Chief Legal Officer and Corporate Secretary, involved in plan governance and SEC filings ## Questions ### Is the plan's Western Union Stock Fund a single-stock concentration risk for participants? Yes. The Western Union Stock Fund invests in the common stock of The Western Union Company, meaning participant balances tied to that fund rise and fall with the company's equity performance. This creates a dual exposure for employees — both their salary and a portion of their retirement savings depend on the same corporate entity. Most plan menus also include diversified fund options, but the stock fund represents a concentrated bet on the sponsor. ### How is the plan related to the Western Union Foundation? The Western Union Foundation is a separate philanthropic entity funded by The Western Union Company. The Incentive Savings Plan and the Foundation are legally distinct — the plan is a retirement benefit governed by ERISA, while the Foundation is a charitable vehicle. There is no commingling of assets or fiduciary crossover between the two. ### What is the plan's known posture on co-investments alongside external GPs? The plan does not co-invest. As a participant-directed 401(k) with daily liquidity requirements and a fund menu limited to registered investment options, it lacks the structural capacity for discretionary co-investments or side-by-side GP commitments that characterize institutional allocators. ## Related profiles - [The Western and Southern Life Insurance Company](https://altss.com/profile/the-western-and-southern-life-insurance-company) - [The Westervelt Company Retirement Plan](https://altss.com/profile/the-westervelt-company-retirement-plan) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/the-western-union-company-incentive-savings-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology