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Legacy U.S. HP Retirement (Pension) Plans -- RP, DPSP, and CAPP.
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This page is one of the links on HPAA's Retirement Plan Menu -- which includes "How to investigate a retirement benefit plan" and "Lump-sum or pension?"
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Received a "Potential Private Retirement Benefit" letter from U.S. Social Security? It shows your last transaction ("Year Reported.") Look up the "Type of Benefit" and "Payment Frequency" codes on the back. Who to contact: "Potential Benefit" letter
The legacy U.S. HP retirement plans -- the RP, DPSP, and CAPP.
For details on the current HP retirement plans, including current postal addresses -- go to Current HP Retirement Plans
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
HP DPSP: "Hewlett-Packard Company Deferred Profit Sharing Plan" A defined contribution plan.
- US payroll. Participant before Nov 1, 1993. Closed to new participants on Nov 1, 1993.
- EIN: 94-1081436 -- Plan number: 001. Abbreviated as: 94-1081436-001 ("EIN" = IRS Employer Identification Number.)
- Benefit amount is based on pay and years of service. Upon leaving, benefits are paid as either a fixed monthly annuity or a single lump-sum.
- HPAA's copy, which may be out of date: [new version coming 10/2023] Jan 2013 RP/DPSP SPD (For reference: Jan 2008 RP/DPSP SPD version Jan 2013 RP/DPSP SPD version)
HP RP: "Hewlett-Packard Company Retirement Plan, a sub-plan of the Hewlett-Packard Company Pension Plan" A defined benefit plan.
- US payroll. Employed on or before Dec 31, 2002. Closed to new participants on Jan 1, 2003.
- EIN: 94-1081436 -- Plan number: 003. Abbreviated as: 94-1081436-003 ("EIN" = IRS Employer Identification Number.)
- Benefit amount is based on pay and years of service. Upon leaving, benefits are paid as either a fixed monthly annuity or a single lump-sum.
- HPAA's copy, which may be out of date: [new version coming 10/2023] Jan 2013 RP/DPSP SPD (For reference: Jan 2008 RP/DPSP SPD version Jan 2013 RP/DPSP SPD version)
HP CAPP: "Hewlett-Packard Company Cash Account Pension Plan, a sub-plan of the Hewlett-Packard Company Pension Plan" (Not to be confused with "TAXCAP" -- HP's original name for the company's 401(k) program.) A defined benefit plan.
- US payroll. Hired or rehired by HP between Jan 1, 2003 and Dec 31, 2005. (DEC Pension Plan prior to Mar 1, 1996.) Closed to new participants on Jan 1, 2006.
- EIN: 94-1081436 -- Plan number: 003. Abbreviated as: 94-1081436-003 ("EIN" = IRS Employer Identification Number.)
- Benefit amount is based on pay and years of service. Upon leaving, benefits are paid as either a fixed monthly annuity or a single lump-sum.
- HPAA's copy, which may be out of date: [new version coming 10/2023] CAPP SPD (For reference: Jan 2008 CAPP version )
Assume that any addresses given in an SPD are extinct. (Hanover Street, Pruneridge Ave, America Center Drive, Legacy Drive, etc.) Use the current corporate headquarters address instead: HP Inc headquarters Admin functions -- including HR, Benefits, and Payroll -- 10300 Energy Drive, Spring, TX 77389. 1-650-857-1501. Legal headquarters -- Page Mill Road in Palo Alto, not Hanover Street as in old documents. (At a Post Office window, you can specify Certified Mail combined with Return Receipt.)
Info on the continuing HP 401(k) plan -- which started in 1984: HP Retirement Plans
Death benefit. HP formerly had a $5,000 employee/retiree death benefit. The amount had not changed in decades -- and was seldom collected because heirs did not know about it. HP ended this practice in 2010, as did Agilent. (More on death or disability of a former employee: Reporting death or disability of a former employee.)
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. Due to the breakup of HP, you may now have shares of HPInc, HPE, and DXC – in different accounts – and may not have received cash payouts for MFGP or PRSP. Stock Event Timeline Find it all – and estimate your current cost basis: Stock Step-by-Step
Other benefits issues -- such as Social Security, Pension, 401(k), Stock, Medicare, annual enrollment, COBRA, troubleshooting retiree health coverage, etc:. HPAlumni Benefits Menu
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