CNOOC 401(K) SAVINGS AND PENSION PLAN

  • Address: 9805 KATY FREEWAY, SUITE 675,HOUSTON,TX
  • Contact person: COLLEEN JOHNSON
  • Phone: (832) 714-5000

CNOOC 401(K) SAVINGS AND PENSION PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

At the end of 2022, the total retirement plan assets of CNOOC 401(K) SAVINGS AND PENSION PLAN is $62,793,033.00.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in CNOOC 401(K) SAVINGS AND PENSION PLAN is 201

In 2022, the average participant retirement account value for CNOOC 401(K) SAVINGS AND PENSION PLAN is $312,403.00

In 2022, the estimated average employee contribution amount per participant for CNOOC 401(K) SAVINGS AND PENSION PLAN is $6,417.00

In 2022, the estimated average employer match for an employee in CNOOC 401(K) SAVINGS AND PENSION PLAN is approximately $11,243.00

In 2022, CNOOC 401(K) SAVINGS AND PENSION PLAN allocates $2,259,852.00 to match its employees' contributions, providing an employer match rate of 166.11% of their contributions

In 2022, the total retirement plan asset growth rate of CNOOC 401(K) SAVINGS AND PENSION PLAN is -19.40%

In 2022, the estimated aggregate retirement account investment gain/loss for CNOOC 401(K) SAVINGS AND PENSION PLAN is -15.07%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of CNOOC 401(K) SAVINGS AND PENSION PLAN is 0.05%.

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