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
Key: Legal successor and corporate names.
-
EDS sale to Hewlett-Packard. In 2008, due to
declining growth and profits, EDS stock was down to $19 from
$72 in 2001. EDS management and board negotiated a $13.9 billion sale to HP at a
32% premium -- which was completed Aug 26, 2008. (Founder Ross Perot retained 50% of the stock when EDS went public. GM contracts were 31% of revenue when he sold the company to GM in 1984. GM spun out
EDS in 1996.)
- HP Inc. is the legal successor to the companies acquired by Hewlett-Packard before the company was
split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. Responsibility for commitments to former employees of Compaq, DEC, EDS, etc.
remain with HP Inc. -- regardless of whether their last
business unit ended up in HP or HPE. Includes employment verification and any retiree health, pension, etc. plans.
- At completion of the sale on Aug 26, 2008, EDS was
temporarily structured as a wholly-owned subsidiary called "EDS,
an HP Company."
On Sep 23, 2009, it was
renamed "HP Enterprise
Services."
- On Oct 21, 2015, Hewlett-Packard Company spun off
Hewlett Packard Enterprise (no hyphen; singular.)
- HP Inc, Hewlett Packard Enterprise, DXC, and Perspecta are
completely separate companies. Details:
HP Breakup
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
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
If you received a letter from Social Security entitled "Potential Private Retirement Benefit." If "Type of Benefit" is "A" -- in the "Year Reported" you rolled to a different plan, bought an annuity, or took cash. More:
https://www.hpalumni.org/PotentialBenefitLetter.
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.) and that HP Inc acquired later (Poly, etc.)
Operated by Fidelity Investments.
1-800-457-4015 (Outside US 1-508-787-9902 collect.)
https://nb.fidelity.com (Don't go to a local Fidelity office.)
- For details of a U.S. employer retirement or health plan,
obtain a copy of the legal Summary Plan Description ("SPD"). Log into the plan administrator's website or call. They are required by law to provide the SPD upon request. The current SPD takes precedence over any other written, online, or verbal information you may be given -- but is still subject to change.
How to use an SPD
- Members indicate
that the EDS 401(k) was administered by Vanguard before EDS
was sold to HP.
Stock issues for former EDS employees.
https://www.hpalumni.org/StockEDS
Service at predecessor companies. Of HP's many
predecessor companies, 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. (DEC
employees get retiree health credit for DEC and HP service
but not Compaq service.) Predecessor service
counts for vacation/FTO.
Death or
disability of a former employee:
Member advice
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/about-the-discount/
Operated by volunteers. Not officially endorsed or supported.
More about
the HPAA
