Plan Snapshot
- Plan Sponsor: Hess Corporation
- Sponsor EIN: 134921002
- Sponsor Address: 1501 MCKINNEY STREET, HOUSTON, TX, 77010
- Plan Type: DB
- Total Participants: 1,520
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,520 | $1.9B | $0 | $0 |
| 2023 | 1,414 | $1.9B | $0 | $0 |
| 2022 | 1,324 | $2.0B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WINSLOW CAPITAL MANAGEMENT, LLC | Other Service Provider | $708,257 | — | $708,257 |
| WELLINGTON MANAGEMENT COMPANY LLP | Other Service Provider | $647,312 | — | $647,312 |
| WCM INVESTMENT MANAGEMENT, LLC | Other Service Provider | $601,766 | — | $601,766 |
| VAUGHAN NELSON INV MGMT, LP | Other Service Provider | $545,021 | — | $545,021 |
| LSV ASSET MANAGEMENT | Other Service Provider | $538,095 | — | $538,095 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $514,461 | — | $514,461 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $466,847 | — | $466,847 |
| BARROW HANLEY MEWHINNEY & STRAUSS | Other Service Provider | $377,630 | — | $377,630 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | Other Service Provider | $326,761 | — | $326,761 |
| DEMARCHE ASSOCIATES, INC. | Other Service Provider | $304,000 | — | $304,000 |
| LOOMIS SAYLES & COMPANY LP | Other Service Provider | $264,136 | — | $264,136 |
| MERCER | Other Service Provider | $206,500 | — | $206,500 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $188,332 | — | $188,332 |
| GROOM LAW GROUP | ERISA Attorney | $104,825 | — | $104,825 |
| FID INV INST OPS CO | Recordkeeper | $31,856 | — | $31,856 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP — ERISA Attorney
- FID INV INST OPS CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,825,799
- Estimated Expense Ratio: 0.311% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $7,420,101 | $4,968,156 | — | — | — |
| 2023 | $9,964,042 | $5,423,215 | — | — | — |
| 2022 | $10,551,663 | $6,366,128 | — | — | $1,201,132 |