Saudi Arabian Oil Company Saudi Aramco
Form 5500 DataOverview
Plan Description
The Savings Plan of Saudi Arabian Oil Company is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 91, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. The Savings Plan of Saudi Arabian Oil Company currently has over 4,100 active participants and over $2.3B in plan assets.

Congratulations!
This plan has the highest rating in its peer group.
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 1200 Smith Street 35th Floor, Ms 990
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 1200 Smith Street 35th Floor, Ms 990
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LocationHouston , TX77002-4300
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IndustryMining, Quarrying, and Oil and Gas Extraction
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AdministratorRonald Charles
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Net Plan Assets$2,280,000,000
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Total Participants4,100
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Avg Account Balance$560,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Lowest Fees
Company Generosity:
Great
Performance
Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great
Design
Total Plan Cost:
Low Fees
Company Generosity:
Great
Performance
Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great
Peer Group Plans
Company | Rating |
---|---|
Anadarko Petroleum | 88.9 |
Marathon Oil Company | 84.4 |
Freeport-McMoRan | 81.6 |
Energy Transfer Partners GP, L.P. | 75.1 |
Baker Hughes, a GE company LLC | 72.8 |
CRH Americas | 70.4 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits
More than one-third failed a basic Social Security quiz administered by MassMutual.
April 7, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Compliance
The Most Common Retirement Plan Testing Mistakes
By alerting plan sponsors to the issues they see most often, advisers can help their clients navigate IRS testing rules.
April 12, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
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Total Synthetic Investment Contracts | 31% |
N/A
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Vanguard Group Target Retirement | 16% |
N/A
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Vanguard Institutional Index | 10% |
9%
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100%
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100%
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|
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100%
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100%
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View all funds in this plan
Providers
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