Retirement plan
ARAMCO U.S. SAVINGS PLAN
ARAMCO SHARED BENEFITS COMPANYEIN 84-4364434Plan #002PY 2019
1200 SMITH STREET, MS 990 - HOUSTON, TX 77002713-432-4000
Other plans on this EIN
1 filingProspect flagsLow returnsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
RONALD M. CHARLES
Signed 10/12/2020
Summary metrics
Total assets (EOY)
$2591.3M
-9.1% from 2020
Total participants
4,114
+4.2% from 2020
Average account balance
$639,193
-13.4% from 2020
Annual return
20.05%
+3.28 pp from 2020
Benchmarks
Peer group
Industry21 - Mining, Quarrying, and Oil and Gas Extraction
Plan typeDefined contribution
Participants1,000-4,999
Cohort88 peers
Snapshot2019
98
Participant deferral / active EE
$23,661
median $6,635
94
Employer contribution / active EE
$15,407
median $4,445
64
Participation rate
97.5%
median 96.1%
100
Avg account balance
$639,193
median $82,623
86
Admin fee / account holder
$16
median $90
15
Annual return
20.05%
median 22.79%
Overall peer rank
76of 100
76th percentileavg across 6 metrics
Analytics
2019 - 2024
Total assets (EOY)
Plan-year ending balance
$2.89B
Average account balance
Total assets / participants with a balance (line 6g)
$793K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,644
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.7%
Contributions (total)
Employer and participant dollars contributed each year
$81.16M
Contributions per participant
Average employer and participant contribution per enrolled participant
$46K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.49%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$21
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
VANGUARD GROUP INC.1+ years Service code 15 · EIN 23-1945930 455 DEVON PARK DRIVE · WAYNE, PA 19087 | Recordkeeping | $63,911 |
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$64K
$26 / participant
- Other / not subdivided$64K100.0%
% of EOY assets
0.002%
all-in expense ratio
Categories reported
0 / 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