What retirement plans are offered by HP Retirement Services?

HP Retirement Services offers various retirement plans to meet the diverse needs of its employees. The company provides both traditional pension plans and defined contribution plans. The traditional pension plans include the HP Cash Balance Plan and the HP Retirement Pension Plan, which offer guaranteed retirement income based on years of service and average earnings. The defined contribution plans consist of the HP 401(k) Plan and the HP Employee Stock Ownership Plan (ESOP). The 401(k) Plan allows employees to contribute pre-tax income and receive matching contributions from the company. The ESOP allows eligible employees to acquire and hold HP stock, generating potential long-term wealth. With these retirement plans, HP Retirement Services aims to ensure financial security and stability for its employees during their retirement years.