See all our
information for EDS alumni -- pension, stock,
career, networking, EDS history/culture -- whether or
not you ever worked for HP:
https://www.hpalumni.org/eds
Legal successors and company names.
EDS sale to Hewlett-Packard. Due to declining growth
and profits, EDS stock was down to $19 -- from $72 in 2001.
EDS management and board negotiated the sale for $25/share, a 32% premium.
Completed Aug 26, 2008.
EDS was
temporarily structured as a subsidiary, "EDS,
an HP Company."
On Sep 23, 2009, it was renamed "HP Enterprise
Services."
HP Breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc.
and a new, completely separate company – Hewlett Packard
Enterprise (no hyphen; singular; green-rectangle logo) – was spun off. Portions of HPE were later spun off into DXC and Micro
Focus, which have spun off other companies.
HP Inc. is the legal successor to Hewlett-Packard and to
companies acquired by Hewlett-Packard before Nov 1, 2015 –
such as Compaq, DEC, EDS, Tandem, etc. For employees of HP -- and predecessor companies -- who left before the split, responsibility for any health or retirement benefits varies from country to country. For the US, HPInc has responsibility. For Canada and
UK, HPE has responsibility. In many countries, plans were split between HPInc and HPE. See:
Country-by-country details
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
Make sure that the legal successor to every company you ever worked for has your current postal address.
Even if not classified by the company as a "Retiree" or
if long gone -- in case of pension plan changes, employment
lawsuits, settlements, or other issues. Update
address at former company
You may have an EDS pension. If you were employed in
the U.S. 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
https://www.hpalumni.org/edsPension
UK Pension -- HP, DEC, EDS. HP Limited Retirement Benefits Plan,
administered by Equiniti.
https://hprbp.com Second Equiniti site:
https://edspensions.co.uk
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
If
the Plan Name is "EDS Payroll Stock Ownership Plan"
--
EDS stock was retired when, due to declining growth and
profits, EDS management and board sold the company to HP in
2008. Details:
EDS Stock
If you have paper stock certificates. What to do:
Stock Certificates
EDS 401(k):
- The HP Retirement Service Center is the primary administrator for HP Inc U.S. 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.)
-
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
- Members indicate
that the EDS 401(k) was administered by Vanguard before EDS
was sold to HP.
Stock issues specifically for former EDS employees.
https://www.hpalumni.org/StockEDS
Service at predecessor companies. Of HPInc's many predecessor companies, 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. Therefore, employees of other acquisitions did not
get credit under HP's retiree healthcare or pension programs
for service at the predecessor -- but generally did get
service credit for other benefits.
EDS alumni report that their original EDS hire date is mentioned in their HR records at
HP Inc, HPE, DXC, and Peraton.
Death or
disability of a former employee: Reporting
death or disability of a former employee
Vehicle discounts.
GM owned EDS from
1984 to 1996. Current eligibility
and sponsorship rules for GM retirees, former GM employees,
widows and widowers of former GM employees, and GM Family Legacy Program:
https://www.gmfamilyfirst.com/
Operated by volunteers. Not officially endorsed or supported.
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