DuPont's headquarters in Wilmington, Delaware, and its surrounding operations are home to thousands of employees with equity compensation, legacy pension benefits, and complex financial planning needs. Blackshire Wealth Management provides fee-only, fiduciary financial planning for DuPont employees throughout northern Delaware and the Delaware Valley.
DuPont grants RSUs and performance-based equity awards to senior and management employees. The company has also gone through significant restructuring, including the merger with Dow and the subsequent spin-off of Corteva Agriscience and Dow Inc., which left many long-tenured employees with equity in multiple successor companies, each with different cost basis, holding periods, and strategic outlooks.
Additionally, long-tenured DuPont employees may have legacy defined benefit pension benefits that require careful payout election decisions. The interaction of pension income, equity compensation, Social Security, and retirement account distributions requires integrated planning.
DuPont maintained a defined benefit pension plan for many years, and long-tenured employees who were covered before the plan was frozen may have a meaningful pension benefit. The payout decision, single life annuity versus joint and survivor, lump sum versus monthly payments, is significant and largely irrevocable. Modeling the options explicitly, with full consideration of your health, your spouse's situation, and your other income sources, is essential before electing.
Blackshire is in West Chester, PA, about 30 minutes from DuPont's Wilmington headquarters. We serve DuPont employees throughout northern Delaware and the Delaware Valley. Fee-only, fiduciary. See our Wilmington, DE financial advisor page →
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The most complex situations for DuPont employees typically involve: legacy equity from the Dow merger and Corteva and Dow Inc. spin-offs with multiple different cost bases, pension payout decisions for long-tenured employees, RSU concentration management, and retirement income planning that sequences all sources of income efficiently.
The 2017 DowDuPont merger and the subsequent spin-offs of Corteva Agriscience and Dow Inc. created a complex equity picture for legacy employees. You may hold shares in multiple successor companies with different cost basis histories. Understanding the tax basis of each lot before selling is essential for managing the capital gains picture effectively.
Long-tenured DuPont employees covered under the defined benefit plan before it was frozen may have a monthly benefit payable at retirement. Options typically include a single life annuity, joint and survivor annuity in various percentages, and in some cases a lump sum. The choice is irrevocable in most cases, which makes getting the analysis right before electing critical.
Blackshire is in West Chester, PA, approximately 30 minutes from DuPont's headquarters on Powder Mill Road in Wilmington, DE. We serve DuPont employees throughout northern Delaware and are accessible from Newark, Hockessin, Greenville, and throughout New Castle County.
We are fee-only and fiduciary. We are paid only by our clients, never by commissions. Our only incentive is to give you the best advice possible.