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Company:
Saudi Arabian Oil Company
Plan:
The Savings Plan of Saudi Arabian Oil Company
 

Saudi Arabian Oil Company

93 Plan: The Savings Plan of Saudi Arabian Oil Company

 
 
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Congratulations! This plan has the highest rating in its peer group.
 

 Comments

Sorted by: Most Recent  |  First Posted
    Comments 1-5 of 5
  •   Anonymous  (1/13/10 at 7:06 AM) We (our family) just celebrated our 9th anniversary with Saudi Aramco, and they are already providing information about my 10-year service award. The Savings Plan is the most generous of all of the companies that I worked for previously. In addition, we are able to make the maximum allowable contribution each year without modifying our standard of living. Our experience has been fantastic, and we plan to stay as long as we are able.
  •   Anonymous  (10/23/09 at 9:09 AM) I have worked for Saudi Aramco (Saudi Arabian Oil Company) for 18 years. The plan is excellent, the company matches up to 9 percent of my base salary plus expatriate premium. After you have been with the company for at least 10 years your contribution plus the company contribution can become $2,000 to $3000 per month.
  •   Anonymous  (3/23/09 at 4:51 AM) I DO work for them!!! I left the US almost 2 years ago and havn't looked back since. I am so fortunate to be working for such a generous company. Our sacrifices made to this company (relocating to Saudi Arabia with our families) are truly rewarded by a generous retirement nad 401k plan. Thank you Saudi Aramco!
  •   Anonymous  (2/3/09 at 6:45 PM) We should all work for them.
  •   Anonymous  (12/24/08 at 8:22 PM) I should work for them.
    Comments 1-5 of 5
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Plan Description

The Savings Plan of Saudi Arabian Oil Company is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 93, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, and Account Balances. The Savings Plan of Saudi Arabian Oil Company currently has over 1,800 active participants and over $1.3B in plan assets.

 Plan Details

Address9009 West Loop S
Houston, TX 77096
IndustryOil & Gas Extraction
AdministratorM.A. Al-Ma'Ashouq, Treasurer
Net Plan Assets$1,360,000,000
Total Participants2,900
Avg Account Balance$470,000

 Top 3 Investment Holdings

1. Saudi Aramco Income Fund 45%
2. Vanguard 500 Index 15%
3. Vanguard Wellington 6%

 Plan Service Provider

Auditor PricewaterhouseCoopers

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