Healthcare of Ontario Pension Plan (HOOPP)

What Healthcare of Ontario Pension Plan (HOOPP) does

HOOPP (Healthcare of Ontario Pension Plan) is a Canadian multi-employer defined benefit pension plan founded in 1960, serving Ontario's healthcare community. It provides guaranteed lifetime retirement income, inflation protection (COLA), survivor and disability benefits, and portability across participating employers to more than 504,000 active, deferred, and retired members. The plan is offered through 870+ healthcare sector employers, including hospitals, long-term care homes, home care organizations, community health services, and physicians, with 100% participation across Ontario hospitals achieved in 2025. Member contributions are set at 6.9% of earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 9.2% above YMPE, with employer matching at identical rates; contribution rates have remained unchanged since 2004.

HOOPP invests a $132 billion diversified portfolio across public equities, fixed income, infrastructure, real estate, private credit, and private equity under a liability-aware investment strategy, with approximately 49% of the Fund invested in Canada. In 2025, net assets grew from $123 billion to $132 billion, generating $9.7 billion in net investment income and a 7.7% net return (5.3% real return), with a 109% funded status. Member and employer services are delivered digitally through HOOPP Connect (member portal) and HOOPP Insight (employer administration portal), supplemented by research publications including the annual Canadian Retirement Survey.

The plan is governed as an independent trust by a Board of Trustees with equal representation from the Ontario Hospital Association and four unions (Ontario Nurses' Association, Canadian Union of Public Employees, Ontario Public Service Employees Union, and Service Employees International Union). HOOPP operates from its Toronto head office and HOOPP Thames Limited in London, and in 2025 launched its 2030 Strategic Plan focused on member value, portfolio resilience, and alignment with Ontario's evolving healthcare workforce.

Name

Healthcare of Ontario Pension Plan (HOOPP)

Legal name

Healthcare of Ontario Pension Plan

Website

https://hoopp.com/

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HOOPP is a Canadian defined benefit pension plan founded in 1960, serving more than 504,000 active, deferred, and retired healthcare workers across 870+ Ontario employers. It manages a $132 billion diversified investment portfolio and provides lifetime retirement income with inflation protection, governed by an independent Board of Trustees.

Ownership category

akta.pro rank

Product category

Defined Benefit Pension Plan Management

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (52512)

akta.pro primary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

akta.pro secondary industry

Liability-Driven Investment (LDI) & Pension Risk Transfer (PRT) Asset Management (FSAAAGAI)

Keywords

• Defined benefit pensions
• Pension fund management
• Retirement income plans
• Institutional asset management
• Multi-employer pensions

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Pension Contributions: HOOPP generates revenue through mandatory contributions from both employees and employers. Members contribute 6.9% on earnings up to the Year's Maximum Pensionable Earnings (YMPE) and 9.2% on earnings above the YMPE. Contribution rates have remained unchanged since 2004. The fund also generates investment income on its $132 billion portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

HOOPP delivers a multi-employer defined benefit pension plan that provides lifetime retirement income, inflation protection (COLA), survivor and disability benefits, and portability across 870+ Ontario healthcare employers to over 504,000 members. The plan is funded through mandatory member and employer contributions at 6.9% of earnings up to the YMPE and 9.2% above YMPE, and is supported by professional investment management of a $132 billion diversified portfolio spanning public and private markets.

Product overview

HOOPP (Healthcare of Ontario Pension Plan) is a Canada-model defined benefit pension plan serving Ontario's healthcare community. The core product is the HOOPP Pension Plan, providing lifetime retirement income to over 504,000 members across 870+ healthcare employers. The organization operates member-facing portals including HOOPP Connect (secure member site for pension management and planning) and HOOPP Insight (employer administration portal). HOOPP also publishes extensive research on retirement security through annual Canadian Retirement Surveys, employer pension surveys, and white papers on topics including pension value, health impacts, and workforce strategy. The 2030 Strategic Plan guides the organization's long-term direction. HOOPP is fundamentally a pension fund manager, not a technology product company, and does not offer public APIs or AI-powered features.

Differentiator

Problem solved

Functional benefit

Products and services

• HOOPP Pension Plan A multi-employer defined benefit pension plan serving Ontario's healthcare community, providing lifetime retirement income based on a formula considering earnings and service. Includes inflation protection (COLA), survivor benefits, disability benefits, and portability across 870+ participating healthcare employers. Funded by mandatory member and employer contributions at 6.9% of earnings up to the YMPE and 9.2% above YMPE.

Quantifiable outcome

• 7.7% net return in 2025, exceeding 10-year benchmark of 5.9%
• +3 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Canadian-Australian Pension Funds Investment InitiativecoreStrategic or Co-development Partner · 3 March 2026HOOPP signed the Canadian-Australian Pension Funds Investment Initiative MOU alongside other major Canadian and Australian pension funds. The initiative supports long-term investment cooperation, facilitates dialogue with governments to address policy barriers, and aims to unlock greater pools of patient capital for private investment. HOOPP is one of nine Canadian pension funds to sign.
• Ontario Hospital Association (OHA)coreStrategic or Co-development PartnerOHA is one of the appointing bodies to HOOPP's Board of Trustees, providing governance representation from healthcare employers alongside four unions (ONA, CUPE, OPSEU, SEIU).
• Ontario Nurses Association (ONA)coreStrategic or Co-development PartnerONA is one of four unions with Board of Trustees representation in HOOPP's governance model, alongside CUPE, OPSEU, and SEIU.
• Canadian Union of Public Employees (CUPE)coreStrategic or Co-development PartnerCUPE is one of four unions with Board of Trustees representation in HOOPP's governance model.
• Ontario Public Service Employees Union (OPSEU)coreStrategic or Co-development PartnerOPSEU is one of four unions with Board of Trustees representation in HOOPP's governance model.
• Service Employees International Union (SEIU)coreStrategic or Co-development PartnerSEIU is one of four unions with Board of Trustees representation in HOOPP's governance model.
• Abacus DataminorStrategic or Co-development PartnerHOOPP partnered with Abacus Data to conduct the 2026 Canadian Retirement Survey, polling 2,000 Canadians and 803 healthcare workers on retirement security and pension value.
• Angus Reid GroupminorStrategic or Co-development PartnerHOOPP partnered with Angus Reid Group to conduct the 2025 Canadian Employer Pension Survey capturing perspectives of 767 Canadian employers on retirement benefits.
• Behavioural Insights Team (BIT)minorStrategic or Co-development PartnerHOOPP commissioned The Behavioural Insights Team (BIT) to conduct research on the health impacts of pensions and an attraction and retention study on defined benefit pension value.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Alberta Investment Management Corporation (AIMCo): Canadian institutional investment manager for Alberta pension, endowment, and government funds. Comparable LDI-driven diversified investment model and Canadian public-sector DB pension mandate.
• British Columbia Investment Management Corporation (BCI): Canadian institutional asset manager serving BC public sector pension plans with diversified LDI strategy across public and private markets. Comparable in scale, professional in-house investment model, and Canadian DB pension focus.
• Caisse de dépôt et placement du Québec (CDPQ): Large Canadian institutional investor managing multiple pension and insurance funds with an in-house diversified investment platform. Highly comparable in liability-driven mandate, scale, and private markets strategy, though multi-fund rather than single-employer healthcare focus.
• Healthcare Employees Pension Plan (HEPP): Multi-employer DB pension plan for Alberta healthcare workers. Highly comparable mandate (Canadian healthcare DB pension), governance structure, and contributory defined benefit design — though smaller in scale.
• Ontario Teachers' Pension Plan (OTPP): One of Canada's largest DB pension plans serving Ontario teachers. Closest peer in scale (~$250B AUM), professional in-house investment model, and Canadian multi-employer DB structure — directly comparable governance and investment strategy.
• Ontario Municipal Employees Retirement System (OMERS): Multi-employer defined benefit pension plan serving Ontario municipal employees. Directly comparable in governance structure (jointly trusteed), investment approach (broadly diversified LDI), and Canadian regulatory environment — differs only by covered workforce (municipal vs. healthcare).
• Public Sector Pension Plan (PSPP): Canadian multi-employer DB pension plan serving public sector employees. Comparable governance structure, contributory DB design, and Canadian regulatory environment — though smaller and broader in covered workforce.

Regional players

• AustralianSuper: Australia's largest superannuation fund managing DB-style accumulation pensions with diversified in-house investment platform. Peer to HOOPP under the Canadian-Australian pension cooperation MOU and comparable in scale and professional investment approach, though operating under Australian superannuation framework.
• Australian Retirement Trust: Major Australian superannuation fund resulting from the Sunsuper/QSuper merger. Comparable Australian peer to HOOPP under the recent pension cooperation initiative, with broadly diversified DB-style investment mandate.

Broad incumbents

• Canada Pension Plan Investment Board (CPPIB): One of Canada's largest pension investment managers (C$600B+ AUM). Comparable in LDI strategy, scale economics, and global private markets focus, though operates the federal CPP rather than a single-sector employer-sponsored plan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hooppnow
• LinkedInlinkedin.com/company/hoopp
• Instagraminstagram.com/HOOPPnow

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments26 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Healthcare of Ontario Pension Plan (HOOPP)