Back to top

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2007 $10,392,628,856
  • Plan Number22
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants19,413
  • Retired or separated participants receiving benefits1,562
  • Other retired or separated participants entitled to future benefits9,529
  • Subtotal30,504
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits512
  • Total31,016
  • Total number of participants as of 01/01/200730,951
  • Number of participants with account balances29,933
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA1,846

Expenses

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

Sponsor Information

  • Address1490K Plaza Office Building
  • CityBartlesville
  • StateOK
  • Zip74004
  • Telephone(918) 661-0659
  • EIN73-0400345
  • Industry Code324110
  • Named AdministratorJ. W. Sheets

Plan Administrator Information

  • Administrator NameJ. W. Sheets
  • Address411 S Keeler Ave
  • CityBartlesville
  • StateOK
  • Zip74003-6620
  • Telephone(918) 661-4265
  • Administrator EIN73-1620435

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young LLP
  • Auditor EIN34-6565596
  • 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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
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.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
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 $3,500,000
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

Financials

Income and Expense Statement

Income $1,894,482,313
Contributions $438,929,631
Cash Contributions $284,058,231
Cash from Employers $20,612,113
Cash from Participants $194,299,898
Others (including rollovers) $69,146,220
Noncash Contributions $154,871,400
Total Earnings on Investments $1,455,128,018
Total Interest $5,499,251
Interest-Bearing Cash $19,009
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,480,055
Interest from Other Investments $187
Total Dividends $39,107,434
Preferred Stock $0
Common Stock $39,107,434
Rents $0
Net gain (loss) on sale of assets $11,647,395
Aggregate Proceeds $1,000,321,730
Aggregate Carrying Amount $988,674,335
Total Unrealized Appreciation (depreciation) of assets $371,931,906
Real Estate $0
Other $371,931,906
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $822,907,489
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $204,034,543
Other Income $424,664
Expenses $804,688,248
Total Benefit Payments $788,803,133
Directly to participants or beneficiaries, including direct rollovers $788,803,133
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $3,678,004
Certain deemed distributions of participant loans $157,679
Interest expense $10,997,723
Total Administrative Expenses $1,051,709
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,051,709
Net Income $1,089,794,065
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $10,568,739,226 $9,507,096,699 11.17%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $1,506,683 -100.00%
Employer Contributions $0 $153,474 -100.00%
Participant Contributions $0 $1,353,209 -100.00%
Other Contributions $0 $0 0.0%
General Investments $87,690 $106,380 -17.57%
Interest-bearing cash $87,690 $106,380 -17.57%
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 $84,448,457 $79,095,149 6.77%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $5,277,994,428 $4,931,533,246 7.03%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $3,104,970,694 $2,629,148,828 18.10%
Value of funds held in insurance co. general account $2,253 $5,137 -56.14%
Other Investments $0 $0 0.0%
Employer-related Investments $2,101,235,704 $1,865,701,276 12.62%
Employer Securities $2,101,235,704 $1,865,701,276 12.62%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $176,110,370 $204,261,908 -13.78%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $710,370 $861,908 -17.58%
Acquisition Indebtedness (1) $175,400,000 $203,400,000 -13.77%
Other liabilities (1) $0 $0 0.0%
Net Assets $10,392,628,856 $9,302,834,791 11.71%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Vanguard Fiduciary Trust Company Recordkeeping $0 $1,051,709 $1,051,709
Total $0 $1,051,709 $1,051,709

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Conocophillips Stock Fund Mt Agmt Conocophillips Co DFE: Master Trust Investment Account $3,258,326,628
Conocophillips Co Dc Plans Mt Conocophillips Co DFE: Master Trust Investment Account $1,914,459,777
Dupont Stock Fund Master Trust Agmt Conocophillips Co DFE: Master Trust Investment Account $105,208,023
Total $5,277,994,428

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metropolitan Life 0
EIN 13-5581829
Industry Code 65978
Contract Number GR-1966A
Contract Year 01/01/2007 — 12/31/2007
Value in General Account at Year End $2,253
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0