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Menu of retirement plan topics for HP and HPE alumni

Advice and reference info from members. (Updated Dec 11, 2021.) Website operated by volunteers. Not officially endorsed or supported. Comments: info@hpalumni.org

"Potential Private Retirement Benefit" letter from Social Security. Look at the "Year Reported" and the "Type of Benefit." If "A" -- in the previous year, you rolled the assets into a different plan, bought an annuity, or took the cash. If "M" -- you left before vesting in that plan. How to investigate: hpalumni.org/PotentialBenefitLetter.

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

Join the HPAA Finance Group.

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. 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? Given HP's history of acquisitions and spinoffs, this may not be obvious. If any doubt, check here: Which Company

Pension change. If you have been receiving monthly U.S. HP, DEC, or EDS pension payments that commenced on or before November 1, 2020 -- your pension is probably among the 41,000 converted 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

Summary Plan Description. How to decode an SPD. (For example, many of the postal contact addresses given in SPDs are extinct.)  How to use an SPD

Report disability or a death to the company


Current HP retirement plans.

- HP 401(k) plan, which started in 1984.)

 For details on the current HP retirement plans -- go to Current HP Retirement Plans


HP legacy retirement plans -- which many HP retirees have in addition to the 401(k). Originally called "TAXCAP" by HP.
- 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 -- go to Legacy HP Retirement Plans


EDS Legacy plan: If you were employed in the U.S. by EDS or "EDS, an HP Company" before January 1, 2009 you may have an EDS pension that you have forgotten about. https://www.hpalumni.org/edsPension


HPE: The HPE Retirement Service Center is the primary administrator for Hewlett Packard Enterprise U.S. pension and 401(k) accounts, including any accounts for employees of companies that HPE acquired since the Nov 1, 2015 HPE spinoff (such as Cray and Nimble.) Operated by Fidelity Investments.1-800-409-4015, M-F 7:30 AM to 11:00 PM Central Time. Outside the U.S., call 1-508-787-9902 collect. Website: https://nb.fidelity.com/public/nb/default/home   Plan details: HPE 401(k) 11K SEC filing 06/10/21 (Contact the Retirement Service Center; local Fidelity branches are primarily sales offices.)


SPDs: How to find the legal Summary Plan Description documents for HP and HPE: Finding SPDs   How to use an SPD

Service at predecessor companies.

Of HP's many predecessor companies, as far as we know: Only HP and DEC 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 do not get credit under HP's retiree healthcare or pension programs for service at the predecessor company. (DEC employees get retiree health credit for DEC and HP service but not Compaq service.) Confusingly, predecessor service counts for vacation/FTO. Details: 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 the official HP Continuum password-protected retiree website operated by HP Inc.

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 U.S. retirees


Pension Lump-Sum Payout Offers.

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

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

- U.S. 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 the many Hewlett-Packard 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

Time to untangle your stock! Depending on when and how you acquired stock, you may now have stock in up to six HP-related companies in various accounts -- or have missed cash payouts. An HPAlumniteam has developed a step-by-step process. Employee Stock

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


If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.


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