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Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2012 $6,914,282,906
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2012

  • Active (Eligible) Participants8,590
  • Retired or separated participants receiving benefits1,756
  • Other retired or separated participants entitled to future benefits9,979
  • Subtotal20,325
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits554
  • Total20,879
  • Total number of participants as of 01/01/201232,595
  • Number of participants with account balances20,132
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address600 N. Dairy Ashford, Ma-02-2074
  • CityHouston
  • StateTX
  • Zip77079
  • Telephone(281) 293-1000
  • EIN73-0400345
  • Industry Code324110
  • Named AdministratorFrances M. Vallejo

Plan Administrator Information

  • Administrator NameFrances M. Vallejo
  • Address600 N. Dairy Ashford, Ma-02-2074
  • CityHouston
  • StateTX
  • Zip77079
  • Telephone(918) 661-6199
  • Administrator EIN80-0419066

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 $2,000,000
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 $1,089,215,026
Contributions $352,760,721
Cash Contributions $261,478,730
Cash from Employers $21,362,838
Cash from Participants $158,307,968
Others (including rollovers) $81,807,924
Noncash Contributions $91,281,991
Total Earnings on Investments $736,244,386
Total Interest $2,228,542
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,228,542
Interest from Other Investments $0
Total Dividends $176,637,579
Preferred Stock $0
Common Stock $114,382,019
Rents $0
Net gain (loss) on sale of assets $-67,898,039
Aggregate Proceeds $2,311,817,465
Aggregate Carrying Amount $2,379,715,504
Total Unrealized Appreciation (depreciation) of assets $332,751,710
Real Estate $0
Other $332,751,710
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 $34,495,591
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $258,029,003
Other Income $209,919
Expenses $847,601,625
Total Benefit Payments $844,695,038
Directly to participants or beneficiaries, including direct rollovers $844,695,038
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,772,868
Certain deemed distributions of participant loans $-355,471
Interest expense $65,890
Total Administrative Expenses $423,300
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $423,300
Net Income $241,613,401
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $2,906,883,506

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $6,914,282,906 $9,595,036,613 -27.94%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $1,510 -100.00%
Employer Contributions $0 $170 -100.00%
Participant Contributions $0 $1,340 -100.00%
Other Contributions $0 $0 0.0%
General Investments $0 $6,611 -100.00%
Interest-bearing cash $0 $6,611 -100.00%
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 $827,788,739 $74,505,062 1011.05%
Preferred $0 $0 0.0%
Common $827,788,739 $74,505,062 1011.05%
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 $39,359,073 $111,269,775 -64.63%
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 $1,790,017,601 $2,125,088,657 -15.77%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $2,313,487,845 $3,012,411,255 -23.20%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,943,629,648 $4,271,753,743 -54.50%
Employer Securities $1,943,629,648 $4,271,753,743 -54.50%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $15,483,602 -100.00%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $23,602 -100.00%
Acquisition Indebtedness (1) $0 $15,460,000 -100.00%
Other liabilities (1) $0 $0 0.0%
Net Assets $6,914,282,906 $9,579,553,011 -27.82%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Pimco
  • Fidelity Investments

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
The Vanguard Group, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Trustee (directed), Investment management, Participant loan processing, Participant communication, Investment management fees paid indirectly by plan, Recordkeeping fees Bundled Service Provider $516,980 $0 $516,980
Total $516,980 $0 $516,980

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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
Conocophillips Co. Dc Plans Mt Conocophillips Company DFE: Master Trust Investment Account $1,790,017,601
Total $1,790,017,601

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.