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Retirement plan

ARAMCO U.S. RETIREMENT INCOME PLAN

ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #001PY 2023
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1200 SMITH STREET - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filing
#002Retirement-$2.72B 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 10/14/2024
How to read this page

Summary metrics

Total assets (EOY)
$1901.5M
+2.7% from 2020
Total participants
1,871
+23.7% from 2020
Average account balance
$0
No prior year
Annual return
10.96%
+9.37 pp from 2020

Benchmarks

See 831 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort831 peers
Snapshot2023
Participant deferral / active EE
$0
median $102
Employer contribution / active EE
$32,216
median $8,821
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
10.96%
median 9.05%
Overall peer rank
67th 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
GOLDMAN SACHS VINTAGE VII5+ years
Service code 28 · EIN 46-0520687
Investment Management
$1,118,669
JP MORGAN CHASE BANK N.A.5+ years
Service code 10 · EIN 13-4994650
Accounting
$1,111,938
CITADEL KENSINGTON5+ years
Service code 28
Investment Management
$927,064
NB SECONDARY OPPORTUNITIES FUND IV5+ years
Service code 32
Direct payment from the plan; Real es...
$746,739
TOWERBROOK INVESTORS V, LP4 years
Service code 28
Investment Management
$742,809
DE SHAW VALENCE FUND5+ years
Service code 28 · EIN 98-0351535
Investment Management
$698,468
PARTNERS GROUP REAL ESTATE 20133 years
Service code 28
Investment Management
$646,343
LSV EQUITY2 years
Service code 28
155 NORTH WACKER DRIVE, SUITE 4600 · CHICAGO, IL 60606
Investment Management
$587,619
GRYPHON PARTNERS VI, LP4 years
Service code 28
ONE MARITIME PLAZA, SUITE 2300 · SAN FRANCISCO, CA 94111
Investment Management
$575,497
DE SHAW COMPOSITE INTL FUND5+ years
Service code 28 · EIN 98-0351535
Investment Management
$529,776

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

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
$8.0M
$5140 / participant
  • Investment mgmt$4M50.6%
  • Other trustee fees$4M47.1%
  • Other / not subdivided$186K2.3%
% of EOY assets
0.420%
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
PRICEWATERHOUSECOOPERS LLP
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified