Retirement plan

HESS CORPORATION EMPLOYEES' SAVINGS PLAN

Name: HESS CORPORATION - HESS CORPORATION EMPLOYEES' SAVINGS PLAN (2015) Form 5500
Creator: HESS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HESS CORPORATION EMPLOYEES' SAVINGS PLAN, HESS CORPORATION

HESS CORPORATIONEIN 13-4921002Plan #001PY 2015

1501 MCKINNEY STREET - HOUSTON, TX 77010713-496-5500

Other plans on this EIN

1 filing

#333Retirement-$1.67B assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 29, 2024 (most recent of 7 filings on file)

Plan administrator

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1501 MCKINNEY ST

HOUSTON, TX 77010

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Plans declared (1)

Hess Corporation 409A Deferred Compensation Plan58 emp

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Total assets (EOY)

$673.7M

-8.4% from 2016

Total participants

5,108

-10.7% from 2016

Average account balance

$134,266

+0.3% from 2016

Annual return

-7.63%

-20.22 pp from 2016

Benchmarks

See 357 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort357 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$376K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,983

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$40K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$39

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
XEROX CORPORATION1+ years Filed as: XEROX HR SOLUTIONS LLC Service code 15 · EIN 04-3609848	Recordkeeping	$229,176
DEMARCHE ASSOCIATES, INC.1+ years Service code 27 6320 LAMAR AVE · OVERLAND PARK, KS 66202	Advisory (Plan)	$102,564
JPMORGAN INVEST HOLDINGS LLC1+ years Filed as: JPMORGAN CHASE BANK, N.A. Service code 21 · EIN 13-4994650	Bank Trustee	$100,000

Plan features & details

Pension benefit codes2F2G2J2K

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants 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.
2J
Code section 401(k) feature
Cash 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.
2K
Code section 401(m) arrangement
Employee 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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$432K

$197 / participant

Other / not subdivided$432K100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,266

$81,321+65.1%

$68,509+96.0%

$59,188+126.8%

Participation rate

95.9%

83.8%+12.1pp

74.7%+21.2pp

69.4%+26.5pp

Annual return

-7.63%

4.65%-12.3pp

8.27%-15.9pp

5.51%-13.1pp

Employer contribution / active EE

$12,655

$3,297+283.9%

$2,278+455.6%

$2,098+503.2%

Participant deferral / active EE

$13,251

$4,592+188.5%

$3,382+291.8%

$3,265+305.9%

Admin fee / account holder

$86

$62+39.4%

$5,275-98.4%

$92-6.7%

Provider

Service type

Compensation

XEROX CORPORATION1+ years

Filed as: XEROX HR SOLUTIONS LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$229,176

DEMARCHE ASSOCIATES, INC.1+ years

Service code 27

6320 LAMAR AVE · OVERLAND PARK, KS 66202

Advisory (Plan)

$102,564

JPMORGAN INVEST HOLDINGS LLC1+ years

Filed as: JPMORGAN CHASE BANK, N.A.

Service code 21 · EIN 13-4994650

Bank Trustee

$100,000

HESS CORPORATION EMPLOYEES' SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HESS CORPORATION EMPLOYEES' SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion