PlanOptica
Retirement plan

CONOCOPHILLIPS SAVINGS PLAN

CONOCOPHILLIPS COMPANYEIN 73-0400345Plan #022PY 2023
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935 NORTH ELDRIDGE PARKWAY - HOUSTON, TX 77079281-293-1000conocophillips.comLinkedIn10001+ employeesoil & energy
Other plans on this EIN
1 filing
#021Retirement-$1.38B assets
Prospect flagsLow returnsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(281) 293-1000
Plan administrator signer
CHRISTINE HUNT
Signed 10/10/2024
Plan administrator entity
CONOCOPHILLIPS COMPANY BENEFITS COMMITTEE
EIN 300838101
PO BOX 4783 · HOUSTON, TX 77210
(918) 661-6199
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Summary metrics

Total assets (EOY)
$6757.5M
-0.4% from 2016
Total participants
11,826
+8.9% from 2016
Average account balance
$572,236
-8.6% from 2016
Annual return
12.84%
-13.48 pp from 2016

Benchmarks

See 1,192 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants5,000-9,999
Cohort1,192 peers
Snapshot2023
Participant deferral / active EE
$17,160
median $4,583
Employer contribution / active EE
$23,471
median $2,242
Participation rate
99.7%
median 90.0%
Avg account balance
$572,236
median $64,799
Admin fee / account holder
$89
median $70
Annual return
12.84%
median 18.45%
Overall peer rank
70th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.71B
Average account balance
Total assets / participants with a balance (line 6g)
$510K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
13,168
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.9%
Contributions (total)
Employer and participant dollars contributed each year
$280.20M
Contributions per participant
Average employer and participant contribution per enrolled participant
$41K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+6.68%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$92
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 2 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.4 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$991,557
FIDELITY INVESTMENTS INSTITUTIONAL4 years
Service code 37 · EIN 04-2647786
Loan Processing
$55,493

Top hat statement on fileNQDC

Filed April 11, 2019 (most recent of 12 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
P.O. Box 2197
Houston State: TX Zip Code: 77252
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Company Retirement Contribution Make-Up Plan of ConocoPhillips3 emp
Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2P2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2P
    Leveraged ESOP
    Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$1.0M
$159 / participant
  • Recordkeeping$55K5.3%
  • Investment mgmt$992K94.5%
  • Other / not subdivided$2K0.2%
% of EOY assets
0.016%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG
Auditor EIN
346565596
Audit fees
$0
Opinion code
Unqualified