Texas › Administrative and support and waste management services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Woodside Energy USA Services Inc. Retirement Income Plan
Sponsored by Woodside Energy USA Services Inc., Houston, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Woodside Energy USA Services Inc. Retirement Income Plan is a cash balance pension plan sponsored by Woodside Energy USA Services Inc. of Houston, Texas. For the plan year ending 31 Dec 2024 it reported 829 participants, 26 of them active, and net assets of $93.2M.
Net assets came to $112,410 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $84,727 median for defined benefit plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $0 for the year ($0 per active participant) and benefits paid were $7.0M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $725K: $875 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $1.6M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $142M in 2021 to $93.2M in 2024 (down 34%), and participants from 970 to 829 (down 15%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $112,410 | $86,583 | $84,727 | $86,221 |
| Employer contributions per active participant | $0 | $10,758 | $14,385 | $10,244 |
| Schedule C compensation per participant | $875 | $377 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.78% | 0.48% | 0.55% | 0.42% |
| Administrative expenses per participant | $1,908 | $591 | $508 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), administrative and support and waste management services (58) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 829 | $93.2M | $112,410 | $0 | — | $725K |
| 2023 | 868 | $100M | $115,209 | $0 | $0 | $803K |
| 2022 | 940 | $104M | $110,286 | $0 | $0 | $830K |
| 2021 | 970 | $142M | $146,421 | $0 | $0 | $795K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$100,000,617
- Employer contributions$0
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,751,211
- Benefits paid$6,982,387
- Administrative expenses$1,581,784
- Total expenses$8,564,171
- Net income−$6,812,960
- Net transfers$0
- Net assets, end of year$93,187,657
Participants
- Active participants26
- Retired or separated, receiving benefits401
- Retired or separated, entitled to future benefits244
- Total participants, end of year829
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting, Inc. | Investment management | $297,787 | $0 |
| Pacific Investment MNGT Company | Investment management | $262,202 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $134,450 | $0 |
| Morgan Garris, LLC | Accounting (including auditing) | $16,500 | $0 |
| Ham, Langston & Brezina, LLP | Accounting (including auditing) | $14,095 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$856,751
- Contract administrator fees$328,382
- Investment advisory and management fees$262,201
- Trustee and custodial fees$134,450
- Total administrative expenses$1,581,784
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate debt instruments$44.8M · 28.3%
- U.S. Government securities$37.0M · 23.3%
- Receivables$34.6M · 21.8%
- Registered investment companies (mutual funds)$33.8M · 21.4%
- Common/collective trusts$4.2M · 2.7%
- Other investments$4.0M · 2.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmHam, Langston & Brezina, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
Other plans of Woodside Energy USA Services Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Woodside Energy USA Services Inc. Retirement Savings Plan | 2,260 | $1.21B |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Onesource Employees' Retirement Pension Plan | Onesource Holdings, LLC | 923 | $5.6M | $6,038 |
| PXD Retirement Plan for Bargaining Unit Members of the Pgu | Pantexas Deterrence, LLC | 539 | $83.8M | $155,394 |
| Enbridge Gas Ohio Union Pension Plan | Enbridge Employee Services, Inc. | 1,216 | $466M | $383,113 |
| Waste Management Pension Plan for Collectively Bargained Employees | Waste Management Holdings, Inc. | 2,008 | $111M | $55,275 |
| Retirement Plan for Bargaining Unit Employees of the MTC of PXD | Pantexas Deterrence, LLC | 2,253 | $223M | $98,821 |
| PXD Retirement Plan for Non-Bargaining PXD Locatio | Pantexas Deterrence, LLC | 2,655 | $409M | $153,866 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Woodside Energy USA Services Inc. Retirement Income Plan?
829 participants at the end of the plan year ending 31 Dec 2024, of whom 26 were active employees, with net assets of $93,187,657. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Woodside Energy USA Services Inc. contribute per participant?
The filing reports $0 in employer contributions for the year, which is $0 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $725,034 in compensation to service provider organisations, $875 per participant or 0.78% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $1,581,784. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Woodside Energy USA Services Inc.. Investment advisory or management: Aon Consulting, Inc. and Pacific Investment MNGT Company. Trustee or custodian: Northern Trust Company. The financial statements were audited by Ham, Langston & Brezina, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 94-3144067, plan 334, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.