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ARAMCO U.S. RETIREMENT INCOME PLAN 401k Plan overview

Plan NameARAMCO U.S. RETIREMENT INCOME PLAN
Plan identification number 001

ARAMCO U.S. RETIREMENT INCOME PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ARAMCO SHARED BENEFITS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:ARAMCO SHARED BENEFITS COMPANY
Employer identification number (EIN):844364434
NAIC Classification:211120
NAIC Description:Crude Petroleum Extraction

Additional information about ARAMCO SHARED BENEFITS COMPANY

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2020-08-10
Company Identification Number: 0803722064
Legal Registered Office Address: PO BOX 4534

HOUSTON
United States of America (USA)
77210

More information about ARAMCO SHARED BENEFITS COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ARAMCO U.S. RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01

Plan Statistics for ARAMCO U.S. RETIREMENT INCOME PLAN

401k plan membership statisitcs for ARAMCO U.S. RETIREMENT INCOME PLAN

Measure Date Value
2023: ARAMCO U.S. RETIREMENT INCOME PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,933
Total number of active participants reported on line 7a of the Form 55002023-01-011,552
Number of retired or separated participants receiving benefits2023-01-0179
Number of other retired or separated participants entitled to future benefits2023-01-01234
Total of all active and inactive participants2023-01-011,865
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-016
Total participants2023-01-011,871
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0117
2022: ARAMCO U.S. RETIREMENT INCOME PLAN 2022 401k membership
Market value of plan assets2022-12-311,268,670,554
Acturial value of plan assets2022-12-311,211,277,268
Funding target for retired participants and beneficiaries receiving payment2022-12-3146,604,700
Number of terminated vested participants2022-12-31283
Fundng target for terminated vested participants2022-12-3187,249,244
Active participant vested funding target2022-12-31667,603,073
Number of active participants2022-12-311,745
Total funding liabilities for active participants2022-12-31715,714,236
Total participant count2022-12-312,084
Total funding target for all participants2022-12-31849,568,180
Balance at beginning of prior year after applicable adjustments2022-12-31320,994,872
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-3133,000,000
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-31287,994,872
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-31309,508,089
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-3150,000,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3145,756,446
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3168,407,942
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3116,206,943
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3116,206,943
Contributions allocatedtoward minimum required contributions for current year2022-12-3145,756,446
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-012,084
Total number of active participants reported on line 7a of the Form 55002022-01-011,618
Number of retired or separated participants receiving benefits2022-01-0166
Number of other retired or separated participants entitled to future benefits2022-01-01240
Total of all active and inactive participants2022-01-011,924
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019
Total participants2022-01-011,933
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0127
2021: ARAMCO U.S. RETIREMENT INCOME PLAN 2021 401k membership
Market value of plan assets2021-12-311,377,659,817
Acturial value of plan assets2021-12-311,249,770,383
Funding target for retired participants and beneficiaries receiving payment2021-12-3122,224,862
Number of terminated vested participants2021-12-31312
Fundng target for terminated vested participants2021-12-3176,735,003
Active participant vested funding target2021-12-31721,979,828
Number of active participants2021-12-311,984
Total funding liabilities for active participants2021-12-31785,073,683
Total participant count2021-12-312,325
Total funding target for all participants2021-12-31884,033,548
Balance at beginning of prior year after applicable adjustments2021-12-31352,215,507
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-3168,300,000
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-31283,915,507
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-31320,994,872
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3177,053,048
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3132,311,085
Carryover balance elected to use to offset funding requirement2021-12-3133,000,000
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-012,325
Total number of active participants reported on line 7a of the Form 55002021-01-011,745
Number of retired or separated participants receiving benefits2021-01-0155
Number of other retired or separated participants entitled to future benefits2021-01-01273
Total of all active and inactive participants2021-01-012,073
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0111
Total participants2021-01-012,084
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0138
2020: ARAMCO U.S. RETIREMENT INCOME PLAN 2020 401k membership
Market value of plan assets2020-12-311,509,552,146
Acturial value of plan assets2020-12-311,435,917,008
Funding target for retired participants and beneficiaries receiving payment2020-12-3183,276,261
Number of terminated vested participants2020-12-31235
Fundng target for terminated vested participants2020-12-3155,074,298
Active participant vested funding target2020-12-31839,301,131
Number of active participants2020-12-312,403
Total funding liabilities for active participants2020-12-31917,688,863
Total participant count2020-12-312,876
Total funding target for all participants2020-12-311,056,039,422
Balance at beginning of prior year after applicable adjustments2020-12-31324,270,652
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-3125,200,000
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31299,070,652
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3124,961,128
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3129,396,720
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-31352,215,507
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3195,782,549
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3168,120,470
Carryover balance elected to use to offset funding requirement2020-12-3168,300,000
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-012,876
Total number of active participants reported on line 7a of the Form 55002020-01-011,984
Number of retired or separated participants receiving benefits2020-01-0129
Number of other retired or separated participants entitled to future benefits2020-01-01303
Total of all active and inactive participants2020-01-012,316
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-019
Total participants2020-01-012,325
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0154
2019: ARAMCO U.S. RETIREMENT INCOME PLAN 2019 401k membership
Market value of plan assets2019-12-311,312,964,006
Acturial value of plan assets2019-12-311,345,910,881
Funding target for retired participants and beneficiaries receiving payment2019-12-3166,211,566
Number of terminated vested participants2019-12-31214
Fundng target for terminated vested participants2019-12-3142,972,691
Active participant vested funding target2019-12-31838,541,472
Number of active participants2019-12-312,512
Total funding liabilities for active participants2019-12-31932,232,991
Total participant count2019-12-312,957
Total funding target for all participants2019-12-311,041,417,248
Balance at beginning of prior year after applicable adjustments2019-12-31333,371,699
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31333,371,699
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3114,851,846
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3115,656,816
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31324,270,652
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31100,000,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3197,326,663
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3197,565,535
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3197,565,535
Carryover balance elected to use to offset funding requirement2019-12-3125,200,000
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3172,365,535
Contributions allocatedtoward minimum required contributions for current year2019-12-3197,326,663
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-012,957
Total number of active participants reported on line 7a of the Form 55002019-01-012,403
Number of retired or separated participants receiving benefits2019-01-01223
Number of other retired or separated participants entitled to future benefits2019-01-01221
Total of all active and inactive participants2019-01-012,847
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0129
Total participants2019-01-012,876
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0144

Financial Data on ARAMCO U.S. RETIREMENT INCOME PLAN

Measure Date Value
2023 : ARAMCO U.S. RETIREMENT INCOME PLAN 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$-21,139,000
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-54,282,000
Total unrealized appreciation/depreciation of assets2023-12-31$-75,421,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$206,462,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$148,186,000
Total income from all sources (including contributions)2023-12-31$194,777,000
Total loss/gain on sale of assets2023-12-31$166,544,000
Total of all expenses incurred2023-12-31$131,283,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$123,305,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$50,000,000
Value of total assets at end of year2023-12-31$1,901,533,000
Value of total assets at beginning of year2023-12-31$1,779,763,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$7,978,000
Total income from rents2023-12-31$1,670,000
Total interest from all sources2023-12-31$36,319,000
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$5,464,000
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$1,687,000
Assets. Real estate other than employer real property at end of year2023-12-31$66,263,000
Assets. Real estate other than employer real property at beginning of year2023-12-31$84,079,000
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-12-31$238,000
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-12-31$1,380,000
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Assets. Other investments not covered elsewhere at end of year2023-12-31$480,657,000
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$419,870,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$57,714,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$24,130,000
Assets. Loans (other than to participants) at end of year2023-12-31$0
Assets. Loans (other than to participants) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$206,462,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$148,186,000
Administrative expenses (other) incurred2023-12-31$186,000
Liabilities. Value of operating payables at end of year2023-12-31$0
Liabilities. Value of operating payables at beginning of year2023-12-31$0
Total non interest bearing cash at end of year2023-12-31$26,749,000
Total non interest bearing cash at beginning of year2023-12-31$10,945,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$63,494,000
Value of net assets at end of year (total assets less liabilities)2023-12-31$1,695,071,000
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$1,631,577,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$139,799,000
Assets. partnership/joint venture interests at beginning of year2023-12-31$241,308,000
Investment advisory and management fees2023-12-31$4,037,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$114,155,000
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$47,441,000
Value of interest in pooled separate accounts at end of year2023-12-31$0
Value of interest in pooled separate accounts at beginning of year2023-12-31$0
Interest earned on other investments2023-12-31$5,090,000
Income. Interest from US Government securities2023-12-31$6,996,000
Income. Interest from corporate debt instruments2023-12-31$23,037,000
Value of interest in master investment trust accounts at end of year2023-12-31$0
Value of interest in master investment trust accounts at beginning of year2023-12-31$0
Value of interest in common/collective trusts at end of year2023-12-31$60,410,000
Value of interest in common/collective trusts at beginning of year2023-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$506,000
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$14,872,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$14,872,000
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$1,196,000
Assets. Value of investments in 103.12 investment entities at end of year2023-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$0
Asset value of US Government securities at end of year2023-12-31$316,289,000
Asset value of US Government securities at beginning of year2023-12-31$279,721,000
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$5,791,000
Net investment gain or loss from common/collective trusts2023-12-31$4,410,000
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31Yes
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$0
Assets. Invements in employer securities at beginning of year2023-12-31$0
Assets. Value of employer real property at end of year2023-12-31$0
Assets. Value of employer real property at beginning of year2023-12-31$0
Contributions received in cash from employer2023-12-31$50,000,000
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$50,000,000
Income. Dividends from preferred stock2023-12-31$51,000
Income. Dividends from common stock2023-12-31$3,726,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$123,305,000
Asset. Corporate debt instrument preferred debt at end of year2023-12-31$22,012,000
Asset. Corporate debt instrument preferred debt at beginning of year2023-12-31$17,561,000
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$616,071,000
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$423,476,000
Assets. Corporate common stocks other than exployer securities at end of year2023-12-31$670,000
Assets. Corporate common stocks other than exployer securities at beginning of year2023-12-31$164,980,000
Liabilities. Value of benefit claims payable at end of year2023-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-12-31$0
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$2,358,137,000
Aggregate carrying amount (costs) on sale of assets2023-12-31$2,191,593,000
Liabilities. Value of acquisition indebtedness at end of year2023-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$0
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2023-12-31134008324
2022 : ARAMCO U.S. RETIREMENT INCOME PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$-4,729,000
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-298,661,000
Total unrealized appreciation/depreciation of assets2022-12-31$-303,390,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$148,186,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$84,931,000
Total income from all sources (including contributions)2022-12-31$-271,254,000
Total loss/gain on sale of assets2022-12-31$-51,925,000
Total of all expenses incurred2022-12-31$210,738,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$201,463,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$50,000,000
Value of total assets at end of year2022-12-31$1,779,763,000
Value of total assets at beginning of year2022-12-31$2,198,500,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,275,000
Total income from rents2022-12-31$1,471,000
Total interest from all sources2022-12-31$32,695,000
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$5,170,000
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$778,000
Assets. Real estate other than employer real property at end of year2022-12-31$84,079,000
Assets. Real estate other than employer real property at beginning of year2022-12-31$79,601,000
Administrative expenses professional fees incurred2022-12-31$5,131,000
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$1,380,000
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$1,757,000
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$419,870,000
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$601,175,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$24,130,000
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$18,141,000
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$148,186,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$84,931,000
Administrative expenses (other) incurred2022-12-31$183,000
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$10,945,000
Total non interest bearing cash at beginning of year2022-12-31$13,312,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-481,992,000
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,631,577,000
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,113,569,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$241,308,000
Assets. partnership/joint venture interests at beginning of year2022-12-31$256,556,000
Investment advisory and management fees2022-12-31$3,961,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$47,441,000
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$71,951,000
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest earned on other investments2022-12-31$6,001,000
Income. Interest from US Government securities2022-12-31$4,960,000
Income. Interest from corporate debt instruments2022-12-31$21,341,000
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$14,872,000
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$17,183,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$17,183,000
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$393,000
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$279,721,000
Asset value of US Government securities at beginning of year2022-12-31$282,028,000
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-5,275,000
Net investment gain or loss from common/collective trusts2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$0
Assets. Invements in employer securities at beginning of year2022-12-31$0
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$50,000,000
Employer contributions (assets) at end of year2022-12-31$50,000,000
Employer contributions (assets) at beginning of year2022-12-31$0
Income. Dividends from preferred stock2022-12-31$129,000
Income. Dividends from common stock2022-12-31$4,263,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$201,463,000
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$17,561,000
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$23,901,000
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$423,476,000
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$567,222,000
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$164,980,000
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$265,673,000
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$2,208,395,000
Aggregate carrying amount (costs) on sale of assets2022-12-31$2,260,320,000
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2022-12-31134008324
2021 : ARAMCO U.S. RETIREMENT INCOME PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$-3,762,036
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-15,705,385
Total unrealized appreciation/depreciation of assets2021-12-31$-19,467,421
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$84,931,169
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$177,471,889
Total income from all sources (including contributions)2021-12-31$144,078,002
Total loss/gain on sale of assets2021-12-31$76,579,531
Total of all expenses incurred2021-12-31$235,062,316
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$227,539,925
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$2,198,500,301
Value of total assets at beginning of year2021-12-31$2,382,025,335
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,522,391
Total income from rents2021-12-31$3,015,745
Total interest from all sources2021-12-31$32,562,472
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$9,015,726
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$755,153
Assets. Real estate other than employer real property at end of year2021-12-31$79,601,492
Assets. Real estate other than employer real property at beginning of year2021-12-31$58,297,039
Administrative expenses professional fees incurred2021-12-31$1,924,706
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$1,756,851
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$1,189,631
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$601,174,713
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$604,606,521
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$18,140,623
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$72,903,607
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$84,931,169
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$177,471,889
Administrative expenses (other) incurred2021-12-31$199,952
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$13,311,872
Total non interest bearing cash at beginning of year2021-12-31$18,786,603
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-90,984,314
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,113,569,132
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,204,553,446
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31Yes
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2021-12-31$398,633
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$256,556,276
Assets. partnership/joint venture interests at beginning of year2021-12-31$218,430,802
Investment advisory and management fees2021-12-31$5,397,733
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$71,950,545
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$110,424,577
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Interest earned on other investments2021-12-31$7,039,587
Income. Interest from US Government securities2021-12-31$4,150,831
Income. Interest from corporate debt instruments2021-12-31$21,275,762
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$17,182,925
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$15,660,525
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$15,660,525
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$96,292
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$9,721,488
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$282,028,508
Asset value of US Government securities at beginning of year2021-12-31$347,400,747
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$9,505,281
Net investment gain or loss from common/collective trusts2021-12-31$32,866,668
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$0
Assets. Invements in employer securities at beginning of year2021-12-31$0
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$105,573
Income. Dividends from common stock2021-12-31$8,155,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$227,539,925
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$23,901,345
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$29,102,008
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$567,221,643
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$571,763,883
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$265,673,508
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$323,737,904
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$1,883,223,197
Aggregate carrying amount (costs) on sale of assets2021-12-31$1,806,643,666
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2021-12-31134008324
2020 : ARAMCO U.S. RETIREMENT INCOME PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$604,681
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$101,169,827
Total unrealized appreciation/depreciation of assets2020-12-31$101,774,508
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$177,471,889
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$205,750,359
Total income from all sources (including contributions)2020-12-31$304,102,820
Total loss/gain on sale of assets2020-12-31$104,445,777
Total of all expenses incurred2020-12-31$340,167,468
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$330,997,464
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$2,382,025,335
Value of total assets at beginning of year2020-12-31$2,446,368,453
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$9,170,004
Total interest from all sources2020-12-31$30,710,225
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$9,816,494
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$2,117,311
Assets. Real estate other than employer real property at end of year2020-12-31$58,297,039
Assets. Real estate other than employer real property at beginning of year2020-12-31$50,891,535
Administrative expenses professional fees incurred2020-12-31$984,115
Assets. Corporate prefeered stocks other than exployer securities at end of year2020-12-31$1,189,631
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2020-12-31$2,922,771
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$604,606,521
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$574,921,273
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$72,903,607
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$117,109,964
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$177,471,889
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$205,750,359
Administrative expenses (other) incurred2020-12-31$4,453,181
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$18,786,603
Total non interest bearing cash at beginning of year2020-12-31$10,761,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-36,064,648
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,204,553,446
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,240,618,094
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31Yes
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$2,373,317
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$218,430,802
Assets. partnership/joint venture interests at beginning of year2020-12-31$155,753,793
Investment advisory and management fees2020-12-31$3,732,708
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$110,424,577
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$125,912,771
Value of interest in pooled separate accounts at end of year2020-12-31$0
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest earned on other investments2020-12-31$4,760,161
Income. Interest from US Government securities2020-12-31$2,029,083
Income. Interest from corporate debt instruments2020-12-31$23,827,781
Value of interest in master investment trust accounts at end of year2020-12-31$0
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$0
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$15,660,525
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$599,670
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$599,670
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$93,200
Assets. Value of investments in 103.12 investment entities at end of year2020-12-31$9,721,488
Assets. Value of investments in 103.12 investment entities at beginning of year2020-12-31$9,290,218
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$118,561,857
Asset value of US Government securities at end of year2020-12-31$347,400,747
Asset value of US Government securities at beginning of year2020-12-31$263,300,118
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,906,989
Net investment gain or loss from common/collective trusts2020-12-31$53,448,827
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$0
Assets. Invements in employer securities at beginning of year2020-12-31$0
Assets. Value of employer real property at end of year2020-12-31$0
Assets. Value of employer real property at beginning of year2020-12-31$0
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$86,216
Income. Dividends from common stock2020-12-31$7,612,967
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$330,997,464
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$29,102,008
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$34,059,515
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$571,763,883
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$594,754,933
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$323,737,904
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$387,528,410
Liabilities. Value of benefit claims payable at end of year2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$3,961,263,095
Aggregate carrying amount (costs) on sale of assets2020-12-31$3,856,817,318
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2020-12-31134008324
2019 : ARAMCO U.S. RETIREMENT INCOME PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$-771,305
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$156,841,922
Total unrealized appreciation/depreciation of assets2019-12-31$156,070,617
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$205,750,359
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$135,805,780
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$458,258,044
Total loss/gain on sale of assets2019-12-31$91,437,676
Total of all expenses incurred2019-12-31$161,380,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$154,744,975
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$100,000,000
Value of total assets at end of year2019-12-31$2,446,368,453
Value of total assets at beginning of year2019-12-31$2,079,546,077
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,635,272
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$36,686,431
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$16,335,390
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$3,255,330
Assets. Real estate other than employer real property at end of year2019-12-31$50,891,535
Assets. Real estate other than employer real property at beginning of year2019-12-31$39,875,269
Administrative expenses professional fees incurred2019-12-31$2,477,749
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-12-31$2,922,771
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-12-31$3,233,376
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$574,921,273
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$389,893,397
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$117,109,964
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$28,639,987
Assets. Loans (other than to participants) at end of year2019-12-31$0
Assets. Loans (other than to participants) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$205,750,359
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$135,805,780
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$218,080
Liabilities. Value of operating payables at end of year2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$10,761,625
Total non interest bearing cash at beginning of year2019-12-31$4,791,648
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$296,877,797
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,240,618,094
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,943,740,297
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$155,753,793
Assets. partnership/joint venture interests at beginning of year2019-12-31$145,355,734
Investment advisory and management fees2019-12-31$3,939,443
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$125,912,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$110,013,078
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$0
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$9,433,407
Income. Interest from US Government securities2019-12-31$2,673,796
Income. Interest from corporate debt instruments2019-12-31$24,402,650
Value of interest in master investment trust accounts at end of year2019-12-31$0
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$0
Value of interest in common/collective trusts at beginning of year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$599,670
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$5,533,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$5,533,743
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$176,578
Assets. Value of investments in 103.12 investment entities at end of year2019-12-31$9,290,218
Assets. Value of investments in 103.12 investment entities at beginning of year2019-12-31$9,812,501
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$118,561,857
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$93,860,902
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$263,300,118
Asset value of US Government securities at beginning of year2019-12-31$287,080,352
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$12,880,287
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$44,847,643
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$0
Assets. Invements in employer securities at beginning of year2019-12-31$0
Assets. Value of employer real property at end of year2019-12-31$0
Assets. Value of employer real property at beginning of year2019-12-31$0
Contributions received in cash from employer2019-12-31$100,000,000
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$142,796
Income. Dividends from common stock2019-12-31$12,937,264
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$154,744,975
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$34,059,515
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$33,702,093
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$594,754,933
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$471,949,664
Contract administrator fees2019-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$387,528,410
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$455,804,333
Liabilities. Value of benefit claims payable at end of year2019-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$3,616,122,299
Aggregate carrying amount (costs) on sale of assets2019-12-31$3,524,684,623
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2019-12-31134008324

Form 5500 Responses for ARAMCO U.S. RETIREMENT INCOME PLAN

2023: ARAMCO U.S. RETIREMENT INCOME PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: ARAMCO U.S. RETIREMENT INCOME PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ARAMCO U.S. RETIREMENT INCOME PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ARAMCO U.S. RETIREMENT INCOME PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ARAMCO U.S. RETIREMENT INCOME PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80012 )
Policy contract numberGA-444
Policy instance 1
Insurance contract or identification numberGA-444
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
AETNA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 80012 )
Policy contract numberGA-444
Policy instance 1
Insurance contract or identification numberGA-444
Number of Individuals Covered220
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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