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Menu: Pension and retirement plan topics for HP, HPE, EDS, and DEC alumni

If you know someone dealing with possible layoff, considering retirement, or has recently left, send them this link. Practical advice from HP and HPE alumni who have gone through past cycles: https://www.hpalumni.org/leaving (Public website. No password required.)

Menu of financial topics:  Financial Menu

From former employees of HP and HPE. (Mar 17, 2024) Website operated by volunteers. Not officially endorsed or supported. Question? Email: info@hpalumni.org


US Pension:

- HP: The HP Retirement Service Center is the primary administrator for HP Inc US pension and 401(k) accounts, including any accounts for companies that Hewlett-Packard acquired before Nov 1, 2015 (Compaq, DEC, EDS, etc.) Operated by Fidelity Investments. 1-800-457-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.) https://nb.fidelity.com (Don't go to a local Fidelity office.)

- HPE: The HPE Retirement Service Center is the primary administrator for Hewlett Packard Enterprise US pension and 401(k) accounts, including any accounts for companies that HPE acquired since Nov 1, 2015 (Cray, Juniper, Nimble, etc.) Operated by Fidelity Investments. 1-800-409-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.)  https://nb.fidelity.com (Don't go to a local Fidelity office.)

- EDS Legacy Plan: If you were employed in the US by EDS or "EDS, an HP Company" before Jan 1, 2009 -- you may have an EDS pension, administered by HP: https://www.hpalumni.org/edsPension

UK Pension -- HP, DEC, EDS. HP Limited Retirement Benefits Plan, administered by Equiniti. https://hprbp.com  [Also see the independent HP UK Pension Association http://www.hppa.org.uk ]

Former employee contact points -- worldwide, including US:

- HP:  https://content.ext.hp.com/sites/CountrySupport/CountrySelector.page If difficulty: HP Inc Admin Headquarters, 10300 Energy Drive, Spring, TX 77389. 1-650-857-1501.)

- HPE:  https://hr.ext.hpe.com/External-HR-Support-Home [Allow several minutes for page to load.]  If difficulty: Hewlett Packard Enterprise, 1701 E Mossy Oaks Rd, Spring, TX 77389. 1-678-259-9860.)

Death or disability of a former employee. Stock, pension, dependent health coverage, and other issues: Member advice


Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter

The key document for a US employee retirement or health plan is the legal Summary Plan Description (SPD). It includes plan details and an address at the employer for appeals. The current SPD takes precedence over any other written, online, or verbal information you may have been given -- but is still subject to change. The employer's plan administrator is required by law to provide the SPD upon request. How to obtain and decode: https://www.hpalumni.org/SPD-decode

If you are leaving the company, use our ASAP Checklist for additional information on this topic.

Join the HPAA Finance Forum.

How to Choose a Financial Advisor. Member advice on sorting out the different types of financial salespeople and advisors.

Should you take a lump-sum or a monthly pension? For notes from HPAA discussions, go to https://www.hpalumni.org/RetirementPlans-LumpSum

Classification as "Retired."  If an employee left at 55 or older with at least 10 years of service, or left after 2010 with age-plus-years-of-service of at least 80, or left under an early retirement program -- HP and HPE generally classify the employee as "retired" -- regardless of how they left and whether or not they have any retiree benefits. (HPE also mentions "...or age 55 or older with at least 70 age-plus-service 'points' for equity grants.") This is reported to outside payroll and employment verification services, but doesn't seem to have any negative consequences. Inquiries from state Unemployment Dept. claims examiners go to a specific group in HR, which replies via letter. Over the years, members have reported that HP did not block their UI claims. 

Which HP-related companies have me classified as a retiree or former employee? Due to acquisitions and spinoffs, this may not be obvious. Check here: Which Company

Pension change. If you have been receiving monthly US HP, DEC, or EDS pension payments that commenced on or before November 1, 2020 -- your pension is probably among the 41,000 converted in September 2021 from a company pension administered by Fidelity to an insured annuity provided by Prudential. Details: https://www.hpalumni.org/pension2021

Basics of 401(k) plans. 401(k) Basics    How the 401(k) has evolved    How the 401(k) has replaced pensions

How to investigate a retirement benefit plan  Topics: Check for lost property. Which company is currently responsible for the benefit. If you worked for a predecessor company. How to contact the current administrators. Surviving spouse provisions. Legal postal contact addresses. https://www.hpalumni.org/RetirementPlans-Investigate


Current HP retirement plans.

- HP 401(k) plan, which started in 1984.) Originally called "TAXCAP" by HP.

 For details on the current HP retirement plans, including current postal addresses -- go to Current HP Retirement Plans


HP legacy retirement plans -- which many HP retirees have in addition to the 401(k).
- HP DPSP:
Closed to new participants in Nov 1, 1993.
- HP RP:
Closed to new participants on Jan 1, 2003
- HP CAPP:
Closed to new participants on Jan 1, 2006.

For details on the legacy HP RP, DPSP, and CAPP retirement plans, including current postal addresses -- go to Legacy HP Retirement Plans


HPE: The HPE Retirement Service Center is the primary administrator for Hewlett Packard Enterprise US pension and 401(k) accounts, including any accounts for companies that HPE acquired since Nov 1, 2015 (Cray, Juniper, Nimble, etc.) Operated by Fidelity Investments. 1-800-409-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.)  https://nb.fidelity.com (Don't go to a local Fidelity office.)

Plan details: HPE 401(k) 11K SEC filing 06/10/21


Service at predecessor companies.

Of HPInc's many predecessor companies, as far as we know: only HP and DEC ever had retiree healthcare programs. Only HP, DEC, and EDS had pension plans. Over the years, HP, DEC, and EDS set aside money in dedicated trust funds to pay for those programs. Compaq, Tandem, Autonomy, etc. did not have retiree healthcare or pensions among their benefits programs. Their employees did not have those expectations -- and there were no corresponding trust funds to pass on to an acquiring company. Therefore, employees of those companies did not get credit under HP's retiree healthcare or pension programs for service at the predecessor. (DEC employees get retiree health credit for DEC and HP service but not Compaq service.) Predecessor service generally did count for other benefits. DEC Benefits  EDS Benefits


2015: HPInc/HPE Breakup.

"Overall, HP's pension plans are well funded and we continue to make contributions to pensions based on local funding requirements.  HP is committed to maintaining funding in accordance with relevant pension funding rules, and this will not change following the business separation. Keep in mind any vested HP pension benefits you maintain are obligations of the pension plan itself, rather than HP. [Emphasis added] HP has made contributions to fund these benefits in a separate trust over time, and pension benefits are subject to minimum funding requirements that will continue even after the separation."

--Posted March 17, 2015 under "Retiree News" on "HP Continuum" -- HPInc's official US retiree social networking site. Includes details on retiree discounts -- plus benefits material not available on MyHPBenefits. Join at https://www.hpcontinuum.com 

Rest assured, you will not lose any retirement benefit value as a result of the separation, and you will not need to take any action.  If you still have benefits remaining in an HP pension plan or the HP 401(k) Plan, the value, timing, and method of your payments will not change, and you will not need to take any action. For more details about how your individual retirement benefits will be affected by the separation, watch for a personalized retirement announcement that will be mailed to your home in early September.

--From HP's August 27, 2015 message to US retirees


Pension Lump-Sum Payout Offers.

- US HP Pension Lump-Sum Payout Offer 2016  https://www.hpalumni.org/pension2016

- US HP Pension Lump-Sum Payout Offer 2020  https://www.hpalumni.org/pension2020

- US EDS lump-sum payout offers. HP made several lump-sum payout offers to specific segments of EDS retirees over the years: https://www.hpalumni.org/edsPension


Related topics...

Future of retiree healthcare: HP never made any explicit commitment to provide retiree healthcare in the entire history of the company. Of HPInc's many predecessor companies, only DEC had retiree healthcare. Prices paid by retirees will continue to rise due to the cap put in place in 2010.  Details

Stock: You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts – and may have missed cash payouts. Due to spinoffs and splits, current cost basis depends on when you acquired each block of shares. Stock Recovery and Cost Basis

Other benefits issues -- such as Social Security, Pension, 401(k), Stock, Medicare, annual enrollment, COBRA, troubleshooting retiree health coverage, etc:. HPAlumni Benefits Menu


Helping each other with life after HP and HPE:  Website Index    Forums

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