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Whirlpool Corporation Pension Plan
The Whirlpool Corporation Pension Plan was established in 1911. It delivers retirement, disability and survivor benefits to employees of the parent...
Whirlpool Corporation Pension Plan
The Whirlpool Corporation Pension Plan was established in 1911. It delivers retirement, disability and survivor benefits to employees of the parent corporation. The plan commits to private equity via limited partnership interests in Adams Street Partners 2007 US Fund, Pantheon Ventures and Lexington Partners. It also holds a public equity position in Whirlpool Corporation valued at $142 million. Geographic exposure includes the United States and India through a minority stake in Whirlpool of India Limited. Direct real estate assets comprise the Riverview Campus and Global Consumer Design Studio in Benton Harbor plus a joint-venture interest in the Harbor Shores mixed-use project. The plan reports 0.83 percent allocation to private equity. It retains Newport Trust Company as trustee and custodian and Vanguard as recordkeeper. Ernst & Young has served as independent auditor since 2019. Adams Street Partners has acted as an investment manager since 2006. A 2025 sponsorship of the Premier Lacrosse League event in Chicago formed part of community engagement activity. Oversight rests with the Finance Committee of Whirlpool Corporation rather than an independent investment office. The plan sponsor relationship with the parent company determines governance and contribution policy.
General information
Firm type
Pension Fund
Year founded
1911
Location
Region
North America
Country
United States
City
Benton Harbor
Corporate office
2000 North M-63, Benton Harbor, MI, United States
Principals
Jim Peters
EVP and CFO of Whirlpool Corporation
Marc Bitzer
Chairman and CEO of Whirlpool Corporation
Sector focus
Frequently asked questions
Who runs investment decisions at Whirlpool Corporation Pension Plan?
The Finance Committee of Whirlpool Corporation monitors the plan. Jim Peters, EVP and CFO, oversees that committee.
Does Whirlpool Corporation Pension Plan participate in fund commitments or only direct deals?
The plan holds limited partnership interests in three private equity funds. It also maintains direct holdings in real estate and parent company shares.
Where does the underlying wealth come from?
Assets derive from contributions by Whirlpool Corporation and investment returns on behalf of current and former employees.
What investment stages does Whirlpool Corporation Pension Plan typically target?
Commitments include buyout, growth, secondaries, venture and co-investment strategies through fund managers.
How is Whirlpool Corporation Pension Plan related to Whirlpool Corporation?
Whirlpool Corporation is the plan sponsor. The parent company funds contributions and maintains oversight through its Finance Committee.
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