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Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2018 $6,740,771,758
  • 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 12/31/2018

  • Active (Eligible) Participants5,562
  • Retired or separated participants receiving benefits1,981
  • Other retired or separated participants entitled to future benefits7,888
  • Subtotal15,431
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits554
  • Total15,985
  • Total number of participants as of 01/01/201816,943
  • Number of participants with account balances15,378
  • 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

  • Address935 North Eldridge Parkway
  • CityHouston
  • StateTX
  • Zip77079
  • Telephone(281) 293-1000
  • EIN73-0400345
  • Industry Code324110
  • Named AdministratorTodd Brooks

Plan Administrator Information

  • Administrator NameConocophillips Company Benefits Committee
  • AddressPo Box 4783
  • CityHouston
  • StateTX
  • Zip77210
  • Telephone(918) 661-6199
  • Administrator EIN30-0838101

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young
  • 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 $1,000,000
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 $240,026,402
Contributions $259,119,394
Cash Contributions $259,119,394
Cash from Employers $81,285,296
Cash from Participants $94,564,737
Others (including rollovers) $83,269,361
Noncash Contributions $0
Total Earnings on Investments $-19,450,229
Total Interest $1,174,021
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,174,021
Interest from Other Investments $0
Total Dividends $131,383,248
Preferred Stock $0
Common Stock $44,228,542
Rents $0
Net gain (loss) on sale of assets $69,735,016
Aggregate Proceeds $512,890,240
Aggregate Carrying Amount $443,155,224
Total Unrealized Appreciation (depreciation) of assets $40,012,188
Real Estate $0
Other $40,012,188
Net investment gain (loss) from common/collective trusts $-135,041,935
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $34,902,011
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-161,614,778
Other Income $357,237
Expenses $751,979,832
Total Benefit Payments $747,994,062
Directly to participants or beneficiaries, including direct rollovers $747,994,062
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,312,999
Certain deemed distributions of participant loans $118,608
Interest expense $0
Total Administrative Expenses $1,554,163
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $1,554,163
Net Income $-511,953,430
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $6,740,771,758 $7,252,725,188 -7.06%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $15,939,657 $12,311,618 29.47%
Employer Contributions $15,939,657 $12,311,618 29.47%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
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 $500,084,823 $681,461,981 -26.62%
Preferred $0 $0 0.0%
Common $500,084,823 $681,461,981 -26.62%
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 $29,641,754 $32,374,066 -8.44%
Value of interest in common/collective trusts $1,893,562,116 $1,037,647,528 82.49%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $1,320,481,302 $1,316,063,094 0.34%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $1,733,969,327 $2,855,831,857 -39.28%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,247,092,779 $1,317,035,044 -5.31%
Employer Securities $1,247,092,779 $1,317,035,044 -5.31%
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 $6,740,771,758 $7,252,725,188 -7.06%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Vanguard Group, Inc.
  • Fidelity Investments
  • Pimco

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.), Consulting (general), Trustee (directed), Investment advisory (participants), Participant loan processing, Investment management fees paid indirectly by plan Bundled Service Provider $1,563,198 $0 $1,563,198
Alight Solutions Consulting (general) NONE $28,875 $0 $28,875
Total $1,592,073 $0 $1,592,073

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 $1,320,481,302
Vang. Instl. 500 Index Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $419,874,238
Vang. Instl Ttl Bnd Mrkt Idx Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $294,034,063
Vang. Instl Ttl Int'Lstk Mkt Idxtr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $208,387,810
Vftc Target Retirement 2020 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $173,070,930
Vftc Target Retirement 2025 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $172,659,689
Vftc Target Retirement 2030 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $111,148,299
Vftc Target Retirement Inco Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $89,372,213
Vftc Target Retirement 2035 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $81,200,788
Vftc Target Retirement 2045 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $70,060,839
Vftc Target Retirement 2040 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $69,949,742
Vftc Target Retirement 2015 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $62,765,732
Vftc Target Retirement 2050 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $56,514,101
Fidelity Low-Priced Stk Comgld Pl S Fidelity Trust Company DFE: Common/Collective Trust $47,874,483
Vftc Target Retirement 2055 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $29,016,083
Vftc Target Retirement 2060 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $7,139,073
Vftc Target Retirement 2065 Trst Pl Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $494,033
Total $3,214,043,418

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.