Retirement plan
ARAMCO U.S. RETIREMENT INCOME PLAN
ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #001PY 2020
1200 SMITH STREET, 36TH FLOOR - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filingProspect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
RONALD CHARLES
Signed 10/07/2021
Summary metrics
Total assets (EOY)
$2382M
+2.7% from 2020
Total participants
2,325
+23.7% from 2020
Average account balance
$0
No prior year
Annual return
10.90%
+9.37 pp from 2020
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort977 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $1
0
Employer contribution / active EE
$0
median $8,530
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
41
Annual return
10.90%
median 11.94%
Overall peer rank
41of 100
41st 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
| Provider | Service type | Compensation |
|---|---|---|
DE SHAW VALENCE FUND2+ years Service code 28 · EIN 98-0351535 | Investment Management | $4,418,665 |
Service code 28 | Investment Management | $3,337,050 |
JP MORGAN CHASE BANK N.A.2+ years Service code 10 · EIN 13-4994650 | Accounting | $822,180 |
Service code 28 · EIN 33-0629048 | Investment Management | $781,602 |
DE SHAW COMPOSITE INTL FUND2+ years Service code 28 · EIN 98-0351535 | Investment Management | $716,752 |
Service code 32 | Investment management fees paid direc... | $697,121 |
MAGNETAR CONSTELLATION FUND2+ years Service code 28 | Investment Management | $531,597 |
Service code 28 | Investment Management | $304,636 |
TWO SIGMA SPECTRUM FUND2+ years Service code 28 | Investment Management | $298,621 |
GRYPHON PARTNERS VI, LP1 year Service code 28 ONE MARITIME PLAZA, SUITE 2300 · SAN FRANCISCO, CA 94111 | Investment Management | $296,558 |
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 2021-08-25
Reportable transactions (Schedule G)
10 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
| Part 1 Loan in default | LEBANESE REPUBLIC | — | — | — |
Plan features & details
Pension benefit codes1A1E3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$9.2M
$4622 / participant
- Investment mgmt$4M40.7%
- Other / not subdivided$5M59.3%
% of EOY assets
0.385%
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