AbbVie closes U.S. pension plan to new hires

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.