- cafead Mar 03, 2022 at 10:52: AM
via AbbVie Inc., North Chicago, Ill., closed its U.S. pension plan to new hires, effective Jan. 1, according to the company's Feb. 18 10-K filing with the SEC.
The filing did not disclose any changes in its 401(k) plan for employees hired after Jan. 1.
As of Dec. 31, global pension plan assets totaled $10.655 billion, while projected benefit obligations totaled $12.006 billion, for a funding ratio of 88.7%, according to the new 10-K filing. The filing did not break down assets by region.
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The filing did not disclose any changes in its 401(k) plan for employees hired after Jan. 1.
As of Dec. 31, global pension plan assets totaled $10.655 billion, while projected benefit obligations totaled $12.006 billion, for a funding ratio of 88.7%, according to the new 10-K filing. The filing did not break down assets by region.
article source