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Original filing (PDF)20251009145059NAL0006755009001

SHELL USA, INC.

Form 5500
FILING_RECEIVED
SHELL PENSION PLAN
Defined-benefit pension plan
Signals · 3
~2760 bps in Sched C feesNo recordkeeper disclosed33 service providers
Active participants
11,963
Accounts w/ balance
Plan assets (EOY)
$9.7B
Net assets (EOY)
$9.6B
How this plan invests
This plan
12 pooled trusts
Schedule D
3,067 securities
funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • 2760 bps in Schedule C fees — 55102% above peer band of 5 bps.
  • No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SHELL USA, INC..
Plan sponsor
Name
SHELL USA, INC.
EIN
13-1299890
Address
150 N. DAIRY ASHFORD · HOUSTON, TX · 77079
Phone
(832) 337-2445
Industry
Manufacturingsee all
Plan administrator
Name
ADMINISTRATOR - SHELL PENSION TRUST
EIN
74-1865492
City
HOUSTON, TX
Phone
(832) 337-2445
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-09
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
ERNST & YOUNG LLP
Trustee / custodian
Trustee phone

Service providers (Schedule C)

33 rows
Other
33
NameEINLocationRelationDirect compIndirect comp
THE PRUDENTIAL INSURANCE22-1211670NONE$2.7B
FMR LLC04-3532603NONE$3.2M
WELLINGTON MANAGEMENT30-0835489NONE$2.2M
THE BANK OF NEW YORK MELLON13-5160382NONE$1.9M
PGIM, INC.22-2540245NONE$1.9M
DODGE & COX94-1441976NONE$1.2M
LOGAN CIRCLE PARTNERS LP20-8285225NONE$1.1M
AON CONSULTING13-2784145NONE$951K
FRANK RUSSELL COMPANY91-0604934NONE$874K
ROBECO INSTITUTIONAL ASSET MGMT13-3200244NONE$458K
BLACKROCK INSTITUTIONAL TRUST CO.94-3112180NONE$378K
ERNST & YOUNG LLP13-4008324NONE$273K
MORGAN, LEWIS AND BOCKIUS LLP83-8091050NONE$197K
BLACKSTONE HOLDINGS I, LP26-0288589NONE$186K
K & L GATES LLP25-0921018NONE$175K
STATE STREET BANK AND TRUST04-1867445NONE$175K
MERCER30-0282430NONE$175K
MANAGER, INVEST ADMIN AND CONTROLS13-1299890EMPLOYEE OF PLAN SPONSOR$170K
PRICEWATERHOUSECOOPERS LLP13-4008324NONE$163K
SR. FINANCIAL ANALYST13-1299890EMPLOYEE OF PLAN SPONSOR$148K
SR. PENSION AND SAVINGS ANALYST13-1299890EMPLOYEE OF PLAN SPONSOR$135K
MANAGER, PENSION ADMIN13-1299890EMPLOYEE OF PLAN SPONSOR$130K
PENSION AND SAVINGS ANALYST13-1299890EMPLOYEE OF PLAN SPONSOR$95K
NORTHERN TRUST INVESTMENTS INC36-2723087NONE$73K
DELOITTE TAX LLP86-1065772NONE$50K
FINANCE ANALYST13-1299890EMPLOYEE OF PLAN SPONSOR$48K
KIRKLAND & ELLIS LLP36-1326630NONE$36K
GOODWIN PROCTER LLP04-1378465NONE$24K
MSCI, INC.13-4038723NONE$21K
SIMPSON THACHER & BARTLETT LLP13-5395280NONE$13K
WEIL GOTSHAL & MANGES LLP13-1456110NONE$8K
PLATINUM EQUITY PARTNERS II LLP95-4666134NONE$5K
PENSION AND SAVINGS ANALYST13-1299890EMPLOYEE OF PLAN SPONSOR$215

Investments

2,995 direct securities · 12 pooled funds· $9.6B(99% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized
$7.6B
2994 holdings
Common Collective Trust
$1.8B
10 holdings
Pooled Separate Account
$169.7M
2 holdings
Corporate Bonds
$1.2M
1 holding
PIInvestmentTypeShares / unitsCostCurrent value% of plan
LONG DURATION CORPORATE CREDIT FUND
BLACKROCK INSTITUTIONAL TRUST CO. · EIN 27-4520291 / PN 001
Common Collective Trust
$561.9M$659.9M6.8%
MSCI ACWI IMI INDEX FUND F
BLACKROCK INSTITUTIONAL TRUST CO. · EIN 82-5170825 / PN 001
Common Collective Trust
$552.1M$565.5M5.8%
COLLECTIVE TRUST GOVERNMENT STIF
THE BANK OF NEW YORK MELLON · EIN 81-6243181 / PN 001
Common Collective Trust
$346.0M$347.5M3.6%
U S TREASURY BD PRIN STRIP 8/15/2051$258.5M$228.7M2.4%
WTC CTF EMERGING LOCAL DEBT
WELLINGTON MANAGEMENT COMPANY · EIN 04-2755549 / PN 001
Common Collective Trust
$236.3M$195.2M2.0%
U S TREASURY BD PRIN STRIP 11/15/2050$227.2M$176.8M1.8%
PSA188 - EQUITY FIXED INCOME FUND
EQUITABLE LIFE INSURANCE CO. · EIN 13-5770651 / PN 188
Pooled Separate Account
$168.0M1.7%
PRIME PROPERTY FUND LLC$118.0M$150.2M1.5%
U S TREASURY BD PRIN STRIP 2/15/2052$147.3M$132.9M1.4%
JPMCB SPF$102.0M$120.0M1.2%
U S TREASURY BD PRIN STRIP 11/15/2051$120.6M$104.4M1.1%
PENNZOIL SA#188 - EQUITY$40.0M$86.8M0.9%
PENNZOIL SA#188 - FIXED INCOME$40.0M$81.1M0.8%
INVESCO CORE REAL ESTATE USA$77.1M$79.2M0.8%
U S TREASURY BD PRIN STRIP 2/15/2049$70.9M$65.0M0.7%
APOLLO INVESTMENT FUND IX LP$32.9M$60.7M0.6%
U S TREASURY BD CPN STRIP 8/15/2045$74.5M$60.1M0.6%
U S TREASURY BD PRIN STRIP 2/15/2051$88.5M$57.8M0.6%
U S TREASURY BD PRIN STRIP 5/15/2051$65.4M$57.7M0.6%
THOMA BRAVO FUND XIII-A LP$26.3M$56.9M0.6%
PLATINUM CAP EQ PTNRS V LP$38.1M$56.2M0.6%
U S TREASURY BD CPN STRIP 5/15/2048$56.0M$55.9M0.6%
ONEX PARTNERS V LP$30.2M$54.3M0.6%
U S TREASURY BD PRIN STRIP 5/15/2052$60.1M$53.8M0.6%
U S TREASURY BD PRIN STRIP 2/15/2047$79.7M$52.8M0.5%
U S TREASURY BD CPN STRIP 8/15/2049$52.4M$48.6M0.5%
U S TREASURY BD CPN STRIP 2/15/2046$69.3M$48.2M0.5%
U S TREASURY BD PRIN STRIP 8/15/2050$51.7M$47.8M0.5%
U S TREASURY BD CPN STRIP 5/15/2049$49.3M$45.8M0.5%
ROARK CAPITAL PARTNERS IV LP$19.7M$43.9M0.5%
GRYPHON PARTNERS V-A LP$22.3M$43.9M0.5%
AMERICAN INDUST PTNR CAP VII$17.6M$41.5M0.4%
CLAYTON DUBILIER RICE FD X LP$25.7M$40.9M0.4%
U S TREASURY BD PRIN STRIP 5/15/2049$43.7M$40.3M0.4%
CARLYLE EUROPE TECH PRTN IV$24.6M$39.8M0.4%
VERITAS CAPITAL FUND VII LP$24.2M$39.7M0.4%
CASH INTEREST BEARING$39.3M$39.3M0.4%
U S TREASURY BOND 11/15/2044$40.7M$39.0M0.4%
U S TREASURY BD PRIN STRIP 8/15/2048$58.2M$38.7M0.4%
NORDIC CAPITAL X ALPHA LP$24.3M$38.3M0.4%
U S TREASURY BD PRIN STRIP 5/15/2053$40.6M$38.1M0.4%
PERMIRA VII LP I$28.7M$35.9M0.4%
ROARK CAPITAL PTNRS V TE LP$21.6M$35.7M0.4%
CASH NON-INTEREST BEARING$34.8M$34.8M0.4%
LONE STAR FD XI (BERMUDA) LP$33.0M$34.2M0.4%
ADVENT INTL GPE IX LP$22.8M$33.6M0.3%
U S TREASURY BD CPN STRIP 2/15/2047$33.4M$33.2M0.3%
H&F CAP PTNRS IX PARALLEL LP$16.6M$32.4M0.3%
U S TREASURY BD CPN STRIP 11/15/2047$34.2M$31.8M0.3%
BLACKSTONE RE PARTNERS IXTE1$23.0M$30.7M0.3%
ROARK CAPITAL PARTNERS III LP$11.0M$30.6M0.3%
ADVENT INTERNATIONAL GPE$19.8M$30.2M0.3%
BLACKSTONE RE PARTNERS VIII LP$26.1M$29.6M0.3%
TA XIII-B LP$18.0M$29.4M0.3%
CLEARLAKE CAP PTNR VI OFFSHORE$14.6M$29.4M0.3%
U S TREASURY BD CPN STRIP 11/15/2051$32.7M$29.4M0.3%
U S TREASURY BD PRIN STRIP 2/15/2054$31.5M$29.1M0.3%
U S TREASURY BD CPN STRIP 2/15/2045$33.0M$28.5M0.3%
U S TREASURY BD PRIN STRIP 2/15/2053$31.6M$28.4M0.3%
LONE STAR REAL ESTATE FD VI$28.9M$27.8M0.3%
CIM FUND IX LP$15.4M$27.8M0.3%
U S TREASURY BD PRIN STRIP 8/15/2053$30.0M$27.5M0.3%
THOMA BRAVO DISCOVER III-A LP$17.8M$27.0M0.3%
U S TREASURY BD CPN STRIP 8/15/2046$28.9M$26.6M0.3%
U S TREASURY BD CPN STRIP 5/15/2050$28.8M$26.3M0.3%
STERLING GRP PTNRS IV PARALLEL$16.7M$26.3M0.3%
U S TREASURY BD PRIN STRIP 5/15/2046$38.0M$25.9M0.3%
U S TREASURY BOND 8/15/2054$27.7M$25.4M0.3%
KKR ASIA REAL ESTATE PARTNERS$22.4M$25.2M0.3%
RIVERWOOD CAPITAL PARTNERS II$10.1M$25.1M0.3%
U S TREASURY BD CPN STRIP 11/15/2050$27.1M$25.0M0.3%
U S TREASURY BD PRIN STRIP 2/15/2046$23.2M$24.7M0.3%
U S TREASURY BD CPN STRIP 5/15/2046$28.9M$24.6M0.3%
STERLING GROUP PARTNERS V LP$16.8M$24.6M0.3%
SOVEREIGN CAPITAL IV LP$15.7M$23.6M0.2%
U S TREASURY BD CPN STRIP 11/15/2046$31.4M$23.5M0.2%
VERITAS CAPITAL FUND VI LP$54.2M$23.4M0.2%
INFLEXION BUYOUT FD V NO 2 LP$9.2M$23.4M0.2%
VERITAS CAPITAL FUND V LP$25.5M$22.9M0.2%
STRATEGIC VAL SPEC SIT FDR V$14.7M$22.6M0.2%
PHOENIX ASIA RE INVEST VI (A)$21.9M$22.4M0.2%
PLAN NO. 001 (c ) Description of Investment (a) (b) Identity of Issue, Borrower, Lessor, or Similar Party Par Value Rate (%) Maturity Date (d) Cost (e) Current Value U S TREASURY BD PRIN STRIP 8/15/2054$24.4M$22.3M0.2%
CARLYLE RLTY FOREIGN INV IXC$16.3M$22.2M0.2%
U S TREASURY BOND 8/15/2044$23.3M$21.7M0.2%
CLEARLAKE CAPITAL PTNRS V LP$17.0M$21.4M0.2%
STELLUS CR VCOC III LLC$19.8M$20.6M0.2%
U S TREASURY BD PRIN STRIP 11/15/2048$20.0M$20.4M0.2%
LONE STAR FUND X (US) LP$19.3M$20.1M0.2%
APAX IX USD LP$3.8M$19.9M0.2%
ANCHORAGE ILLIQ OPP OFFSHR VII$19.0M$19.8M0.2%
AMERICAN INDUSTRIAL PTNS CAPL$5.2M$19.7M0.2%
OPENGATE CAP PARTNERS II LP$11.6M$19.7M0.2%
U S TREASURY BD PRIN STRIP 5/15/2050$21.3M$19.4M0.2%
ANACAP FINANCIAL PARTNERS III$18.6M$19.3M0.2%
U S TREASURY BILL 6/12/2025$19.1M$19.1M0.2%
HARVEST PTNRS VIII PARALLEL LP$10.6M$19.0M0.2%
VELD CREDIT OPPORTUNITIES IV$13.4M$19.0M0.2%
U S TREASURY BD PRIN STRIP 11/15/2053$21.2M$19.0M0.2%
U S TREASURY BD PRIN STRIP 5/15/2054$21.3M$18.9M0.2%
CLAYTON DUBILIER RICE XI LP$17.1M$18.5M0.2%
VERITAS CAPITAL - CO-INVEST$7.1M$18.5M0.2%
U S TREASURY BD CPN STRIP 8/15/2051$20.2M$18.2M0.2%
TPG RE PARTNERS III C LP$15.0M$17.8M0.2%
U S TREASURY BD PRIN STRIP 8/15/2052$21.1M$17.7M0.2%
APOLLO ACCORD OFFSHORE FD LP$16.5M$17.7M0.2%
RELATED RE FUND II LP$17.7M$17.6M0.2%
EQT INFRA V (NO 1) USD SCSP$12.0M$17.2M0.2%
CARLYLE REALTY PARTNERS VIII$8.5M$16.9M0.2%
SIRIS PARTNERS IV PARALLEL LP$10.8M$16.6M0.2%
WALTON ST RE DEBT FUND II LP$16.6M$16.4M0.2%
MAGNUM CAP III SCA SICAV-RAIF$11.8M$16.2M0.2%
RRJ CAPITAL MASTER FUND III$23.3M$16.1M0.2%
CARLYLE EUROPE TECHNOLOGY$18.6M$15.6M0.2%
ONCAP IV LP$8.5M$15.5M0.2%
U S TREASURY BOND 11/15/2053$16.4M$15.0M0.2%
U S TREASURY BD CPN STRIP 2/15/2049$15.5M$14.4M0.1%
U S TREASURY BD PRIN STRIP 11/15/2052$15.5M$14.3M0.1%
AERMONT CAP RE FD IV SCSP$16.3M$14.1M0.1%
U S TREASURY BD CPN STRIP 8/15/2050$15.2M$14.0M0.1%
FNMA POOL #0MA4782 9/1/2052$13.1M$14.0M0.1%
U S TREASURY BD PRIN STRIP 11/15/2046$14.6M$13.8M0.1%
ULYSSES CO-INVESTMENT PTNRS LP$10.1M$13.8M0.1%
PERMIRA CO-INVEST (NERVE)$9.7M$13.8M0.1%
LIVINGBRIDGE 7 LP$12.6M$13.7M0.1%
CENTERBRIDGE CAPITAL PTNRSHP$10.3M$13.7M0.1%
CVI CREDIT VALUE FD B IV LP$13.5M$13.6M0.1%
U S TREASURY BD PRIN STRIP 2/15/2050$14.9M$13.5M0.1%
TRITON FUND IV US LP$8.4M$13.5M0.1%
CVS HEALTH CORP 3/25/2048$15.8M$13.5M0.1%
U S TREASURY BD CPN STRIP 8/15/2052$14.6M$13.2M0.1%
SIRIS PARTNERS III LP$15.6M$13.0M0.1%
BANK OF AMERICA CORP 7/23/2031$14.3M$12.9M0.1%
INFLEXION PTNRSHP CAP II NO2$8.9M$12.8M0.1%
PW REAL ESTATE FUND III LP$87.0M$12.5M0.1%
CHARTER COMMUNICATIONS OPERATI 10/23/2045$14.0M$12.4M0.1%
ANCHORAGE ILLIQUID$12.3M$12.4M0.1%
U S TREASURY BOND 5/15/2049$13.0M$12.3M0.1%
APAX VENTURES WORLDWIDE LLC$2.4M$12.3M0.1%
THOMA BRAVO FUND XIV-A LP$9.6M$12.2M0.1%
U S TREASURY NOTE 10/15/2027$11.9M$11.9M0.1%
CIM FUND VIII$36.0M$11.8M0.1%
CVS HEALTH CORP 3/25/2038$14.5M$11.5M0.1%
HARVEST VIII COINV GRNCS PLAID$5.6M$11.3M0.1%
U S TREASURY BOND 11/15/2054$11.9M$11.2M0.1%
AT&T INC 12/1/2057$14.8M$10.9M0.1%
U S TREASURY NOTE 11/15/2034$11.0M$10.8M0.1%
SMB PRIVATE EDUCATI B A1A 144A 10/16/2056$10.5M$10.4M0.1%
ORACLE CORP 4/1/2040$12.2M$10.3M0.1%
LONE STAR REAL ESTATE FUND IV$10.4M$10.2M0.1%
K5 PRIVATE INVESTORS$5.9M$10.1M0.1%
PHOENIX ASIA RE INVESTMENTS$11.5M$10.0M0.1%
ANHEUSER-BUSCH COS LLC / ANHEU 2/1/2046$11.1M$10.0M0.1%
IK SMALL CAP III FUND LP$10.2M$9.9M0.1%
ENERGY TRANSFER LP 6/1/2041$10.3M$9.8M0.1%
BLACKSTONE CAP PARTNERS VI LP$8.0M$9.8M0.1%
ANHEUSER-BUSCH INBEV WORLDWIDE 11/15/2039$11.2M$9.8M0.1%
PROJECT MIRASOL CO-INV FD LP$6.2M$9.4M<0.1%
POUND STERLING Foreign Currency$9.3M$9.3M<0.1%
U S TREASURY BOND 2/15/2049$9.6M$9.2M<0.1%
U S TREASURY BD PRIN STRIP 8/15/2045$9.6M$9.2M<0.1%
GENSTAR CAPITAL PARTNERS X LP$9.9M$9.2M<0.1%
STATE OF WISCONSIN INVESTMENT BOARD 1/2/2025$9.1M$9.1M<0.1%
BLACKSTONE REP X TE 3 LP$7.6M$9.0M<0.1%
U S TREASURY NOTE 8/31/2029$9.3M$9.0M<0.1%
NORDIC CAP AIDA COINV ALPHA LP$4.2M$8.9M<0.1%
JPMORGAN CHASE & CO 4/22/2031$10.2M$8.9M<0.1%
BETHESDA SECURITIES 1/2/2025$8.6M$8.6M<0.1%
MAREX CAPITAL MARKETS INC 1/2/2025$8.6M$8.6M<0.1%
U S TREASURY BD CPN STRIP 11/15/2049$9.6M$8.6M<0.1%
HESS CORP 1/15/2040$8.4M$8.6M<0.1%
TPG REAL ESTATE PTNS IV (C )$7.4M$8.4M<0.1%
BAT CAPITAL CORP 3/25/2031$9.7M$8.4M<0.1%
BC EUROPEAN CAPITAL IX$7.4M$8.4M<0.1%
HSBC BANK USA NA 1/15/2039$10.5M$8.4M<0.1%
NORDIC CAPITAL FUND VIII$14.3M$8.2M<0.1%
APOLLO INVESTMENT FUND VIII LP$9.2M$8.1M<0.1%
U S TREASURY BD CPN STRIP 2/15/2051$8.7M$8.1M<0.1%
U S TREASURY BD PRIN STRIP 2/15/2048$8.6M$8.1M<0.1%
WARNERMEDIA HOLDINGS INC 3/15/2042$8.5M$8.0M<0.1%
FNMA POOL #0CA6398 7/1/2050$9.9M$7.8M<0.1%
JPMORGAN CHASE & CO 2/4/2032$7.3M$7.7M<0.1%
HOLCIM US FINANCE LUXEMBO 144A 9/22/2046$10.1M$7.3M<0.1%
PLATINUM EQ IMOLA COINV HLDGS$3.7M$7.2M<0.1%
BROADCOM INC 144A 5/15/2037$7.0M$7.2M<0.1%
CARLYLE REALTY PARTNERS VII LP$5.4M$7.2M<0.1%
TRISTAN EUROPEAN PROPERTY$9.6M$7.1M<0.1%
ONEX PARTNERS IV LP$5.0M$7.1M<0.1%
TRANSCANADA TRUST 8/15/2076$7.1M$7.1M<0.1%
COMCAST CORP 11/1/2051$10.3M$7.0M<0.1%
RTX CORP 11/16/2028$8.0M$7.0M<0.1%
ISRAEL GOVERNMENT INTERNATIONA 3/12/2054$7.1M$6.9M<0.1%
U S TREASURY BD CPN STRIP 11/15/2048$6.9M$6.9M<0.1%
PETROLEOS MEXICANOS 1/23/2050$6.6M$6.9M<0.1%
BREP EUROPE VII (ONT) LP$5.8M$6.9M<0.1%
PETROLEOS MEXICANOS 2/16/2032$7.4M$6.8M<0.1%
TA XIV-B LP$7.3M$6.7M<0.1%
CITIGROUP CAPITAL XIII$6.0M$6.7M<0.1%
FORD CREDIT AUTO OWNER TR A A3 12/15/2028$6.6M$6.7M<0.1%
U S TREASURY BD PRIN STRIP 8/15/2047$7.1M$6.6M<0.1%
AT&T INC 9/15/2053$7.8M$6.6M<0.1%
Showing top 200 of 3,007 investments by value.