summary annual report

2107 CityWest Blvd. • Bldg. 2.604A • Houston, TX 77042-3051
To:
Halliburton Benefit Plan Participants
Date:
December 12, 2012
Subject:
Summary Annual Reports Enclosed
In the enclosed Summary Annual Reports, you’ll find information about the benefit plans that Halliburton
sponsors. The reports are for the plan year of January 1, 2011, through December 31, 2011.
Because you participate in one or more of these plans, Halliburton is required to provide you with this
information annually in accordance with the Employee Retirement Income Security Act of 1974 (ERISA), as
amended.
The information in these reports does not change your current benefits. These reports are provided for your
information only, and no action is required on your part.
If you have questions about the enclosed documents, please write to Halliburton at the address provided on the
attached reports.
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Enclosed are the 2011 Summary Annual Reports for Halliburton’s benefit plans. Please note that not all of these plans
will apply to you.
SUMMARY ANNUAL
REPORT
SUMMARY ANNUAL
REPORT
SUMMARY ANNUAL
REPORT
SUMMARY ANNUAL
REPORT
FOR HALLIBURTON
RETIREMENT
AND SAVINGS PLAN
FOR HALLIBURTON
SAVINGS PLAN
FOR HALLIBURTON
ENERGY SERVICES, INC.
WELFARE BENEFITS
PLAN
FOR HALLIBURTON
ENERGY SERVICES, INC.
RETIREE MEDICAL
BENEFITS PLAN
This is a summary of the
This is a summary of the
This is a summary of the
This is a summary of the
annual report for the
HALLIBURTON
annual report for the
HALLIBURTON
annual report of the
Halliburton Energy Services,
annual report of the
Halliburton Energy Services,
RETIREMENT AND
SAVINGS PLAN, EIN 75-
SAVINGS PLAN, EIN 752677995, Plan No. 145, for
Inc. Welfare Benefits Plan,
EIN 75-2677995, Plan No.
Inc. Retiree Medical Benefits
Plan, EIN 75-2677995, Plan
2677995, Plan No. 001, for
the period of January 1,
526, for the period of January
No. 513, for the period of
the period of January 1, 2011
through December 31, 2011.
2011 through December 31,
2011. The annual report has
1, 2011 through December
31, 2011. The annual report
January 1, 2011 through
December 31, 2011. The
The annual report has been
filed with the Employee
been filed with the
Employee Benefits Security
has been filed with the
Employee Benefits Security
annual report has been filed
with the Employee Benefits
Benefits Security
Administration, as required
Administration, as required
under the Employee
Administration, as required
under the Employee
Security Administration, as
required under the Employee
under the Employee
Retirement Income Security
Retirement Income Security
Retirement Income Security
Retirement Income Security
Act of 1974 (ERISA).
Act of 1974 (ERISA).
Act of 1974 (ERISA).
Act of 1974 (ERISA).
Basic Financial Statement
The Halliburton Company
has committed itself to pay
The Halliburton Company
has committed itself to pay
Benefits under the plan are
Benefits under the plan are
provided through a trust
certain Medical, Dental
(except the DHMO), Mental
certain Medical, Mental
Health/Substance Abuse
provided through a trust fund.
fund. Plan expenses were
Health/Substance Abuse
Program and Prescription
Plan expenses were
$344,569,688. These
$205,778. These expenses
included $172,253 in
Program and Prescription
Drug claims incurred under
Drug claims incurred under
the terms of the plan.
expenses included
$2,768,074 in administrative
benefits paid to participants
and beneficiaries and
the terms of the plan.
expenses and $341,475,648
in benefits paid to
$33,525 in other expenses.
A total of 243 persons were
Insurance Information
participants and beneficiaries
participants in or
The plan has contracts with
HealthNow New York Inc.
and $325,966 in other
expenses. A total of 44,497
beneficiaries of the plan at
the end of the plan year,
Connecticut General Life
Insurance and Affiliates,
DBA BlueCross BlueShield
of Western New York, Fallon
persons were participants in
or beneficiaries of the plan at
although not all of these
persons had yet earned the
Minnesota Life Insurance
Company, Vision Service
Community Health Plan,
Unitedhealthcare Benefits of
the end of the plan year,
although not all of these
right to receive benefits.
Plan & Life Insurance
Company of North America
Texas, Inc., Unitedhealthcare
of California claims incurred
persons had yet earned the
The value of plan assets,
to pay Dental DHMO,
under the terms of the plan.
right to receive benefits.
after subtracting liabilities
Vision, Accidental Death and
The total premiums paid for
Basic Financial Statement
Insurance Information
The plan has contracts with,
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28909D
The value of plan assets, after
of the plan, was $3,932,347
as of December 31, 2011,
Dismemberment, Life
Insurance and Long-term
the plan year ending
December 31, 2011 were
subtracting liabilities of the
plan, was $4,134,176,985 as
compared to $4,097,226 as
of January 1, 2011. During
disability claims incurred
under the terms of the plan.
$625,278 of which $625,278
are “non-experience-rated”
of December 31, 2011,
the plan year the plan
The total premiums paid for
contracts.
compared to $4,087,078,567
as of January 1, 2011. During
experienced an increase in
its net assets of $164,879.
the plan year ending
December 31, 2011 were
the plan year the plan
experienced an increase in its
This increase includes
unrealized appreciation and
$29,411,727, of which
$24,867,855 are non-
net assets of $47,098,418.
This increase includes
depreciation in the value of
plan assets; that is, the
experience rated contracts.
unrealized appreciation and
difference between the
Regarding the so called
depreciation in the value of
plan assets; that is, the
value of the plan's assets at
the end of the year and the
“experience-rated” contracts,
the premium costs are
difference between the value
of the plan's assets at the end
value of the assets at the
beginning of the year or the
affected by, among other
things, the number and size
of the year and the value of
the assets at the beginning of
cost of assets acquired
during the year. The plan
of claims. Of the total
insurance premiums paid for
the year or the cost of assets
had total income of $40,899
the plan year ending
acquired during the year. The
plan had total income of
including earnings from
investments of $40,899.
December 31, 2011, the
premiums paid under such
$391,668,106 including
employer contributions of
"experience-rated" contracts
were $4,543,872 and the total
$179,984,792, employee
contributions of
of all benefit claims paid
under these experience-rated
$166,897,870, earnings from
contracts during the plan year
investments of $35,419,005
and other income of
was $3,786,844.
$9,366,439.
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28909D
Your Rights To Additional Information for
the Halliburton Retirement and Savings Plan and the Halliburton Savings Plan
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are
included in that report:
1.
2.
3.
4.
an accountant's report;
financial information and information on payments to service providers;
assets held for investment; and
information regarding any common or collective trusts, pooled separate
accounts, master trusts or 103-12 investment entities in which the plan participates.
To obtain a copy of the full annual report, or any part thereof, write or call the office of Roanne Simmons, who is the
Global Benefits Manager at Halliburton Company, 2107 CityWest Blvd., Bldg. 2.604A, Houston, TX 77042, (713) 8392002.
You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and
liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying
notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and
accompanying notes will be included as part of that report.
You also have the legally protected right to examine the annual report at the main office of the plan (Halliburton
Company, 2107 CityWest Blvd., Bldg. 2.604A, Houston, TX 77042) and at the U.S. Department of Labor in Washington,
D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department
should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
Your Rights To Additional Information for the Halliburton Energy Services, Inc. Welfare Benefits Plan
and the Halliburton Energy Services, Inc. Retiree Medical Benefits Plan
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are
included in that report:
1.
2.
information on payments to service providers; and
insurance information, including sales commissions paid by insurance carriers.
To obtain a copy of the full annual report, or any part thereof, write or call the office of Roanne Simmons, who is the
Global Benefits Manager at Halliburton Company, 2107 CityWest Blvd., Bldg. 2.604A, Houston, TX 77042, (713) 8392002.
You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and
liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying
notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and
accompanying notes will be included as part of that report.
You also have the legally protected right to examine the annual report at the main office of the plan (Halliburton
Company, 2107 CityWest Blvd., Bldg. 2.604A, Houston, TX 77042) and at the U.S. Department of Labor in Washington,
D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department
should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
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28909D