In this piece, we will take a look at the five biggest companies that offer pensions. For more companies, head on over to 15 Biggest Companies That Offer Pensions.
5. JPMorgan Chase & Co. (NYSE:JPM)
Market Capitalization as of December 22, 2022: $378 billion
JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the world excluding Chinese government owned banks. The number of total assets held by the bank cannot be comprehended, with its 2021 balance sheet listing down $3.7 trillion in assets. It also offers a pension plan, but this plan stopped taking new participants as of January 2019.
110 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought JPMorgan Chase & Co. (NYSE:JPM)’s shares.
JPMorgan Chase & Co. (NYSE:JPM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.8 million shares that are worth $820 million.
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4. Exxon Mobil Corporation (NYSE:XOM)
Market Capitalization as of December 22, 2022: $430 billion
Exxon Mobil Corporation (NYSE:XOM) is one of the largest oil companies in the world. It is involved in nearly every aspect of the oil supply chain, from exploration to production, refining, and selling. The company offers a pension plan as well, and as of 2021, its non current pension and other liabilities were worth $18.4 billion on the balance sheet.
Insider Monkey studied 920 hedge fund portfolios for their third quarter of 2022 investments and discovered that 75 had bought a stake in Exxon Mobil Corporation (NYSE:XOM).
Out of these, Rajiv Jain’s GQG Partners is Exxon Mobil Corporation (NYSE:XOM) ‘s largest shareholder. It owns 39 million shares that are worth $2.9 billion.
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3. Johnson & Johnson (NYSE:JNJ)
Market Capitalization as of December 22, 2022: $460 billion
Johnson & Johnson (NYSE:JNJ) is an American company that makes and sells consumer and pharmaceutical health products. It was set up in 1886 and is headquartered in New Brunswick, New Jersey. The company’s defined benefit pension is invested across several areas such as real estate, private market debt, and cash. It recognized $8.8 billion of employee benefit liabilities in 2021.
By the end of this year’s third quarter, 85 of the 920 hedge funds polled by Insider Monkey had held a stake in Johnson & Johnson (NYSE:JNJ).
Johnson & Johnson (NYSE:JNJ)’s largest shareholder is Ken Fisher’s Fisher Asset Management which owns 5.9 million shares that are worth $967 million.
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2. Berkshire Hathaway Inc. (NYSE:BRK-A)
Market Capitalization as of December 22, 2022: $657 billion
Berkshire Hathaway Inc. (NYSE:BRK-A) is the world’s largest investment holding company that has a whopping $958 billion in total assets. The company has stakes in a wide variety of businesses, such as automobile manufacturing, energy, banking, consumer technology, and chip fabrication. It also offers a defined benefit pension plan.
Insider Monkey studied 920 hedge funds for their third quarter of 2022 investments to discover that 104 had held a stake in Berkshire Hathaway Inc. (NYSE:BRK-B).
Berkshire Hathaway Inc. (NYSE:BRK-A)’s largest investor in our database is Michael Larson’s Bill & Melinda Gates Foundation Trust which owns 29.6 million shares that are worth $7.9 billion.
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1. Saudi Arabian Oil Company (Aramco)
Market Capitalization as of December 22, 2022: $1.8 trillion (1 Saudi Riyal = 0.27 U.S. Dollars)
Saudi Arabian Oil Company (Aramco) is one of the largest companies in the world in terms of revenue. The firm raked in a massive $400 billion in net sales in 2021. It also offers two types of defined benefits pension plans for employees that were hired before or after 2021. These differ in terms of the years of service before the plan is vested, and the typical retirement age for an Aramco employee is 60 years.
Disclosure: None. You can also take a peek at 12 Most Advanced Countries in Biotechnology and Top 15 3D Companies in the World.
