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.
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.
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 $14 billion
-- $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 (green-rectangle logo; no hyphen) – was spun out. Portions of HPE were later spun out into DXC and Micro Focus, which have spun out other companies.
Details: HP Breakup
HP Inc. is the overall legal successor to companies acquired by Hewlett-Packard before the company was
split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. In general, responsibility for original commitments to former U.S. employees of Compaq, DEC, EDS, etc. remain with HP Inc. – regardless of whether their last business unit ended up in HP or HPE. (Canada and UK: HPE. Other countries vary.
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
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 Social Security? How to decode the letter and who to contact, if necessary:
Potential Benefit letter
(If the Plan Name is
"EDS Payroll Stock Ownership Plan" instead go to
EDS Stock, which describes how EDS stock was
retired.)
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 (Members advise that local Fidelity offices are focused on sales.)
-
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 the many
predecessor companies, only HP, DEC, and EDS ever had U.S.
pension plans. Only HP and DEC ever had U.S. retiree
healthcare plans. Over the years, the companies set aside money in
a dedicated trust fund for each plan. The benefits
originally promised assumed continued high profit
levels. Each plan was eventually closed to new participants.
Employees of other acquisitions
did not have those expectations and there were no plans --
with associated trust funds -- to pass on to an acquiring
company.
As employees were added to the retirement plans in effect at
the time of acquisition, they did not get credit
for service at
the predecessor. However, they generally did get service credit for
other benefits, such as vacation/FTO.
Death or disability of a former employee. Stock, pension, dependent health coverage, and other issues:
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/
Operated by volunteers. Not officially endorsed or supported.
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