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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan11/01/1953
  • Net Assets as of 12/31/2019 $970,036,377
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants1,561
  • Retired or separated participants receiving benefits247
  • Other retired or separated participants entitled to future benefits1,173
  • Subtotal2,981
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits101
  • Total3,082
  • Total number of participants as of 01/01/20193,244
  • Number of participants with account balances2,992
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested57

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address5555 San Felipe Street
  • CityHouston
  • StateTX
  • Zip77056-2723
  • Telephone(713) 629-6600
  • EIN25-1410539
  • Industry Code211120
  • Named AdministratorJanelle Casilio

Plan Administrator Information

  • Administrator NameBenefits Administrative Committee of Marathon Oil Company
  • Address5555 San Felipe Street
  • CityHouston
  • StateTX
  • Zip77056-2723
  • Telephone(713) 629-6600
  • Administrator EIN32-0611796

Audit Information

  • Audit StatusAudited
  • AuditorMcconnell & Jones LLP
  • Auditor EIN76-0488832
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $5,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $196,935,379
Contributions $47,789,749
Cash Contributions $47,789,749
Cash from Employers $14,901,022
Cash from Participants $23,514,939
Others (including rollovers) $9,373,788
Noncash Contributions $0
Total Earnings on Investments $149,145,630
Total Interest $259,887
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $259,887
Interest from Other Investments $0
Total Dividends $15,966,552
Preferred Stock $0
Common Stock $4,280
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $11,205,246
Real Estate $0
Other $11,205,246
Net investment gain (loss) from common/collective trusts $55,314,257
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $66,399,688
Other Income $0
Expenses $155,885,968
Total Benefit Payments $155,623,657
Directly to participants or beneficiaries, including direct rollovers $155,623,657
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $262,311
Professional Fees $-57,439
Contract Administrator Fees $0
Investment Advisory and management fees $319,750
Other Administrative Fees $0
Net Income $41,049,411
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $970,036,377 $928,986,966 4.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $786 $870 -9.66%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $786 $870 -9.66%
General Investments $9,626,324 $8,816,698 9.18%
Interest-bearing cash $9,626,324 $8,816,698 9.18%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $5,349,546 $6,320,487 -15.36%
Value of interest in common/collective trusts $469,315,106 $468,093,100 0.26%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $398,184,713 $358,160,642 11.17%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $70,846,799 $66,798,591 6.06%
Employer-related Investments $16,713,103 $20,796,578 -19.64%
Employer Securities $16,713,103 $20,796,578 -19.64%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $970,036,377 $928,986,966 4.42%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Bancorp Fund Services, LLC
  • Columbia Management
  • Dimension Fund Advisors
  • Dodge and Cox
  • Vanguard

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Financial Engines Investment management, Direct payment from the plan NONE $290,210 $0 $290,210
Fidelity Investments Institutional Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees NONE $0 $0 $0
Total $290,210 $0 $290,210

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Bancorp Fund Services, LLC Sub-transfer agency fees 0.06% $0
Fidelity Investments Institutional Dodge & Cox Sub-transfer agency fees 0.18 $0
Fidelity Investments Institutional Columbia Mgt Investment Services Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco Diversified Sub-transfer agency fees 0.80% $0
Fidelity Investments Institutional Amy Yacktman Sub-transfer agency fees 0.80% $0
Fidelity Investments Institutional Champlain Mid Cap Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional Alger Small Cap Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Allianz Glbl Water Sub-transfer agency fees 1.60% $0
Fidelity Investments Institutional Amana Participation Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Balanced Calass F1 Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional American Century Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Ariel Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan International Sub-transfer agency fees 0.78% $0
Fidelity Investments Institutional Baron Growth Sub-transfer agency fees 0.55% $0
Fidelity Investments Institutional Blackrock Sub-transfer agency fees 0.88% $0
Fidelity Investments Institutional Baird Sub-transfer agency fees 2.45% $0
Fidelity Investments Institutional Ashmore Sub-transfer agency fees 0.48% $0
Fidelity Investments Institutional Wise Capital Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional William Blair Sub-transfer agency fees 0.405 $0
Fidelity Investments Institutional Bny Mellon Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Bridgeway Omni Sub-transfer agency fees 0.06% $0
Fidelity Investments Institutional Cohen & Steers Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Commerce Value Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional DFA Sub-transfer agency fees 0.14% $0
Fidelity Investments Institutional Driehaus Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Federated Sub-transfer agency fees 1.30% $0
Fidelity Investments Institutional First Hand Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Polen Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Glenmede Sub-transfer agency fees 0.40 $0
Fidelity Investments Institutional Guggenheim Sub-transfer agency fees 0.80% $0
Fidelity Investments Institutional Oakmark Intl Sub-transfer agency fees 1.05% $0
Fidelity Investments Institutional Hennessy Focus Fund Sub-transfer agency fees 1.20% $0
Fidelity Investments Institutional Jpmorgan Sub-transfer agency fees 0.23% $0
Fidelity Investments Institutional Janus Sub-transfer agency fees 1.40% $0
Fidelity Investments Institutional Morgan Stanley Sub-transfer agency fees 1.20% $0
Fidelity Investments Institutional Icon Energy Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Vivaldi Sub-transfer agency fees 0.12% $0
Fidelity Investments Institutional MFS Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthew 25 Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Merger Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Metroplitan West Sub-transfer agency fees 0.85% $0
Fidelity Investments Institutional Eventide Sub-transfer agency fees .80% $0
Fidelity Investments Institutional Neuberger Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Altegris Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Riskpro Sub-transfer agency fees 1.60% $0
Fidelity Investments Institutional Nuveen Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional T Rowe Price Sub-transfer agency fees 0.30% $0
Fidelity Investments Institutional Stoneridge Sub-transfer agency fees 0.30% $0
Fidelity Investments Institutional Wasatch Sub-transfer agency fees 0.80% $0
Fidelity Investments Institutional Wells Fargo Sub-transfer agency fees 0.80% $0
Fidelity Investments Institutional Thornburg Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Usaa Science Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Victory Trivalent Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Kar Sub-transfer agency fees 0.40% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Managed Income Portfolio II Fidelity Management Trust Company DFE: Common/Collective Trust $236,990,592
Fidelity Growth Commingled Pool Fidelity Management Trust Company DFE: Common/Collective Trust $54,619,290
Fiam Target Date 2025 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $27,280,888
Fiam Target Date 2030 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $22,518,813
Fiam Target Date 2020 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $20,791,209
Fiam Target Date 2035 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $18,940,189
Fiam Target Date 2040 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $18,623,688
Fiam Target Date 2045 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $16,746,110
Fiam Target Date 2050 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $15,902,082
Fiam Target Date 2015 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $11,489,406
Fiam Target Date 2055 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $10,572,039
Fiam Target Date Income Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $5,722,115
Fiam Target Date 2010 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $5,637,220
Fiam Target Date 2005 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $2,262,542
Fiam Target Date 2060 Comm Pool Fidelity Institutional Asset Management Trust Company DFE: Common/Collective Trust $1,214,433
Fiam Target Date 2065 Comm Pool Fidelity Management Trust Company DFE: Common/Collective Trust $4,490
Total $469,315,106

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.