Retirement plan

DEVON ENERGY CORPORATION INCENTIVE SAVINGS PLAN

Name: DEVON ENERGY CORPORATION - DEVON ENERGY CORPORATION INCENTIVE SAVINGS PLAN (2018) Form 5500
Creator: DEVON ENERGY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEVON ENERGY CORPORATION INCENTIVE SAVINGS PLAN, DEVON ENERGY CORPORATION

DEVON ENERGY CORPORATIONEIN 73-1567067Plan #002PY 2018

333 W. SHERIDAN - OKLAHOMA CITY, OK 73102405-552-3577devonenergy.comLinkedIn1001-5000 employeesoil & energy

Other plans on this EIN

1 filing

#001Retirement-$705.3M assets

Prospect flagsLow returnsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed April 24, 2012 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$670.2M

+1.2% from 2016

Total participants

3,770

+14.9% from 2016

Average account balance

$178,490

-11.0% from 2016

Annual return

-7.31%

-12.37 pp from 2016

Benchmarks

See 89 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants1,000-4,999

Cohort89 peers

Snapshot2018

Participant deferral / active EE

$11,366

median $5,709

Employer contribution / active EE

$17,227

median $3,663

Participation rate

99.3%

median 93.6%

Avg account balance

$178,490

median $74,352

Admin fee / account holder

$615

median $86

Annual return

-7.31%

median -4.88%

Overall peer rank

63of 100

63rd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$1.07B

Average account balance

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

$301K

Participants with account balance

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

3,565

Eligible Participants and Participation

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

98.8%

Contributions (total)

Employer and participant dollars contributed each year

$68.13M

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.85%

Admin fee / account holder

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

$131

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
THOMPSON, SIEGEL & WALMSLEY1 year Filed as: THOMPSON, SIEGEL & WALMSLEY LLC Service code 51 · EIN 54-0854396	Investment Mgmt Fees	$359,891
ALGER1 year Filed as: FRED ALGER MANAGEMENT, INC. Service code 51 · EIN 13-2510833	Investment Mgmt Fees	$337,700
BARROW, HANLEY, MEWHINNEY & STRAUSS4+ years Service code 51 · EIN 75-2403190	Investment Mgmt Fees	$337,666
WELLINGTON TRUST COMPANY1 year Filed as: WELLINGTON MANAGEMENT Service code 51 · EIN 30-0835489	Investment Mgmt Fees	$335,691
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$332,350
WILLIAM BLAIR1 year Filed as: WILLIAM BLAIR INVESTMENT MANAGEMENT Service code 51 · EIN 47-2614791	Investment Mgmt Fees	$291,613
BLACKROCK4+ years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 21 · EIN 94-3112180	Bank Trustee	$182,928
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$109,813

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.3M

$1081 / participant

Investment mgmt$2M85.8%
Other / not subdivided$328K14.2%

% of EOY assets

0.345%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,490

$96,900+84.2%

$111,392+60.2%

$75,289+137.1%

Participation rate

99.3%

85.9%+13.4pp

78.9%+20.4pp

72.4%+26.9pp

Annual return

-7.31%

1.66%-9.0pp

-2.06%-5.3pp

-0.04%-7.3pp

Employer contribution / active EE

$17,227

$5,520+212.1%

$4,328+298.0%

$2,405+616.3%

Participant deferral / active EE

$11,366

$6,494+75.0%

$5,567+104.2%

$3,739+204.0%

Admin fee / account holder

$615

$105+485.6%

$12,266-95.0%

$102+501.5%

Provider

Service type

Compensation

THOMPSON, SIEGEL & WALMSLEY1 year

Filed as: THOMPSON, SIEGEL & WALMSLEY LLC

Service code 51 · EIN 54-0854396

Investment Mgmt Fees

$359,891

ALGER1 year

Filed as: FRED ALGER MANAGEMENT, INC.

Service code 51 · EIN 13-2510833

Investment Mgmt Fees

$337,700

BARROW, HANLEY, MEWHINNEY & STRAUSS4+ years

Service code 51 · EIN 75-2403190

Investment Mgmt Fees

$337,666

WELLINGTON TRUST COMPANY1 year

Filed as: WELLINGTON MANAGEMENT

Service code 51 · EIN 30-0835489

Investment Mgmt Fees

$335,691

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$332,350

WILLIAM BLAIR1 year

Filed as: WILLIAM BLAIR INVESTMENT MANAGEMENT

Service code 51 · EIN 47-2614791

Investment Mgmt Fees

$291,613

BLACKROCK4+ years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 21 · EIN 94-3112180

Bank Trustee

$182,928

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$109,813

DEVON ENERGY CORPORATION INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEVON ENERGY CORPORATION INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

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