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Retirement plan

ARAMCO U.S. RETIREMENT INCOME PLAN

ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #001PY 2019
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1200 SMITH STREET, MS 990 - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filing
#002Retirement-$2.59B assets
Prospect flagsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(713) 432-4000
Plan administrator signer
RONALD CHARLES
Signed 04/22/2022
How to read this page

Summary metrics

Total assets (EOY)
$2446.4M
+2.7% from 2020
Total participants
2,876
+23.7% from 2020
Average account balance
$0
No prior year
Annual return
20.27%
+9.37 pp from 2020

Benchmarks

See 1,029 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort1,029 peers
Snapshot2019
Participant deferral / active EE
$0
median $102
Employer contribution / active EE
$41,615
median $9,206
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $341,093,897
Admin fee / account holder
$0
median $1,551,325
Annual return
20.27%
median 17.22%
Overall peer rank
50th percentileavg across 6 metrics

Analytics

2019 - 2024
Total assets (EOY)
Plan-year ending balance
$1.83B
Average account balance
Total assets / participants with a balance (line 6g)
$1.0M
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
378
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$50.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$32K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.33%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
PACIFIC INVESTMENT MANAGEMENT PIMCO1+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,188,116
JP MORGAN CHASE BANK N.A.1+ years
Service code 10 · EIN 13-4994650
Accounting
$831,385
CITADEL KENSINGTON1+ years
Service code 28
Investment Management
$600,069
DE SHAW VALENCE FUND1+ years
Service code 28 · EIN 98-0351535
Investment Management
$587,422
GOLDMAN SACHS VINTAGE VII1+ years
Service code 28 · EIN 46-0520687
Investment Management
$487,081
NB SECONDARY OPPORTUNITIES FUND IV1+ years
Service code 32
Investment management fees paid direc...
$382,813
CAPULA GLOBAL RELATIVE VALUE FUND1+ years
Service code 28
Investment Management
$372,022
SAMLYN OFFSHORE FUND LTD1+ years
Service code 28
Investment Management
$348,693
DE SHAW COMPOSITE INTL FUND1+ years
Service code 28 · EIN 98-0351535
Investment Management
$299,165
PARTNERS GROUP GLOBAL INFRA. 20151+ years
Service code 28
Investment Management
$259,738

Enrolled actuary

1 attachment
SB

JONATHAN Q. STERBANZ

TOWERS WATSON DELAWARE INC.
Enrollment #2007759
811 LOUISIANA STREET, SUITE 2200
HOUSTON, TX 77002
(713) 754-5400
Signed 2020-09-30

Plan features & details

Pension benefit codes1A1E3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 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

1 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$6.6M
$2761 / participant
  • Investment mgmt$4M59.4%
  • Other / not subdivided$3M40.6%
% of EOY assets
0.271%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Disclaimer