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Retirement plan

ARAMCO U.S. RETIREMENT INCOME PLAN

ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #001PY 2022
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1200 SMITH STREET, 36TH FLOOR - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filing
#002Retirement-$2.60B assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(713) 432-4000
Plan administrator signer
RONALD CHARLES
Signed 10/14/2023
How to read this page

Summary metrics

Total assets (EOY)
$1779.8M
+2.7% from 2020
Total participants
1,933
+23.7% from 2020
Average account balance
$0
No prior year
Annual return
-12.16%
+9.37 pp from 2020

Benchmarks

See 875 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort875 peers
Snapshot2022
Participant deferral / active EE
$0
median $89
Employer contribution / active EE
$30,902
median $9,495
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-12.16%
median -14.80%
Overall peer rank
65th 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
DE SHAW VALENCE FUND4+ years
Service code 28 · EIN 98-0351535
Investment Management
$2,624,682
NB SECONDARY OPPORTUNITIES FUND IV4+ years
Service code 32
Real estate brokerage; Foreign entity...
$1,699,467
JP MORGAN CHASE BANK N.A.4+ years
Service code 10 · EIN 13-4994650
Accounting
$1,147,127
DE SHAW COMPOSITE INTL FUND4+ years
Service code 28 · EIN 98-0351535
Investment Management
$1,066,562
SYSTEMATICA MFSA1 year
Service code 28
Investment Management
$1,035,068
SYSTEMATICA ALT MKTS FUND LIMITED2 years
Service code 28
Investment Management
$897,682
TOWERBROOK INVESTORS V, LP3 years
Service code 28
Investment Management
$813,668
RELATED FUND MANAGER CORE SMA2 years
Service code 28
30 HUDSON YARDS · NEW YORK, NY 10001
Investment Management
$752,640
HG SATURN2 years
Service code 28
Investment Management
$675,580
BROOKFIELD AMERICAS INFRASTRUCTURE4+ years
Service code 28
Investment Management
$613,395

Enrolled actuary

1 attachment
SB

JONATHAN Q. STERBANZ

WILLIS TOWERS WATSON US LLC
Enrollment #2307759
811 LOUISIANA STREET, SUITE 2200
HOUSTON, TX 77002
(713) 754-5400
Signed 2023-09-20

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

0 tripped
No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II
Admin total
$9.3M
$5732 / participant
  • Investment mgmt$4M42.7%
  • Other / not subdivided$5M57.3%
% of EOY assets
0.521%
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