Retirement plan
ARAMCO U.S. RETIREMENT INCOME PLAN
ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #001PY 2021
1200 SMITH STREET, 36TH FLOOR - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filingProspect flagsLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
RONALD CHARLES
Signed 10/06/2022
Summary metrics
Total assets (EOY)
$2198.5M
+2.7% from 2020
Total participants
2,084
+23.7% from 2020
Average account balance
$0
No prior year
Annual return
1.85%
+9.37 pp from 2020
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort919 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $71
0
Employer contribution / active EE
$0
median $9,000
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $364,566
0
Admin fee / account holder
$0
median $561
9
Annual return
1.85%
median 11.44%
Overall peer rank
9of 100
9th 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 FUND3+ years Service code 28 · EIN 98-0351535 | Investment Management | $3,145,408 |
JP MORGAN CHASE BANK N.A.3+ years Service code 10 · EIN 13-4994650 | Accounting | $1,440,624 |
Service code 28 | Investment Management | $1,264,186 |
PARTNERS GROUP RE SECONDARY 20173+ years Service code 28 | Investment Management | $817,763 |
DE SHAW COMPOSITE INTL FUND3+ years Service code 28 · EIN 98-0351535 | Investment Management | $690,099 |
Service code 32 | Direct payment from the plan; Investm... | $668,814 |
Service code 28 · EIN 33-0629048 | Investment Management | $657,022 |
TOWERBROOK INVESTORS V, LP2 years Service code 28 | Investment Management | $589,896 |
MAGNETAR CONSTELLATION FUND3+ years Service code 28 | Investment Management | $537,472 |
GOLDMAN SACHS VINTAGE VII3+ years Service code 28 · EIN 46-0520687 | Investment Management | $516,527 |
Enrolled actuary
1 attachment
SB
JONATHAN Q. STERBANZ
WILLIS TOWERS WATSON US LLC
Enrollment #2007759
811 LOUISIANA STREET, SUITE 2200
HOUSTON, TX 77002
(713) 754-5400
Signed 2022-09-08
Reportable transactions (Schedule G)
2 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 | CFLD (CAYMAN) INVESTMENT LTD | — | — | — |
| Part 1 Loan in default | KAISA GROUP HOLDINGS LTD | — | — | — |
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
2 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- 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
$7.5M
$4311 / participant
- Investment mgmt$5M71.8%
- Other / not subdivided$2M28.2%
% of EOY assets
0.342%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified