Report of Independent Registered Public Accounting Firm
To the Plan Participants and the Plan Administrator of
The Williams Investment Plus Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of The Williams Investment Plus Plan (the Plan) as of December 31, 2021 and 2020, and the related statement of changes in net assets available for benefits for the year ended December 31, 2021 and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2021 and 2020, and the changes in its net assets available for benefits for the year ended December 31, 2021 in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
1
Supplemental Schedules Required by ERISA
The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2021, (referred to as the “supplemental schedule”) has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Ernst & Young LLP
We have served as the Plan’s auditor since 1998.
Tulsa, Oklahoma
June 9, 2022
2
THE WILLIAMS INVESTMENT PLUS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2021 and 2020
2021
2020
Assets:
Investments (at fair value)
$
1,701,979,822
$
1,524,022,016
Notes receivable from participants
20,941,200
20,738,596
Non-interest bearing cash
341,046
872,572
Receivables
299,281
3,243,880
Contribution receivable
12,000,754
10,852,778
Total assets
1,735,562,103
1,559,729,842
Liabilities:
Accrued liabilities
790,511
2,103,288
Total liabilities
790,511
2,103,288
Net assets available for benefits
$
1,734,771,592
$
1,557,626,554
See accompanying notes.
3
THE WILLIAMS INVESTMENT PLUS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year Ended December 31, 2021
Additions to net assets:
Contributions:
Participant
$
51,935,894
Employer
45,037,480
Rollovers
9,024,755
Total contributions
105,998,129
Net investment income:
Net increase in fair value of investments
204,479,324
Dividends
19,010,193
Interest
29,188
Total net investment income
223,518,705
Interest income on notes receivable from participants
1,050,288
Total additions to net assets
330,567,122
Deductions from net assets:
Withdrawals
150,577,133
Administrative expenses
2,798,084
Dividend distributions
46,867
Total deductions from net assets
153,422,084
Net increase during the year
177,145,038
Net assets available for benefits at beginning of year
1,557,626,554
Net assets available for benefits at end of year
$
1,734,771,592
See accompanying notes.
4
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Note 1--Description of plan
The information included below regarding The Williams Investment Plus Plan (the “Plan”) provides only a general description of the Plan. Participants should refer to the Plan document, as amended and restated, and Summary Plan Description for a more complete description of the Plan’s provisions.
General
The Plan is a defined contribution plan maintained for the benefit of substantially all employees of The Williams Companies, Inc., and its participating subsidiaries (collectively, “Williams” or “Employer”) as provided in the Plan. A small amount of the Plan is an employee stock ownership plan (“ESOP”) and includes shares of Williams common stock held in the Transtock and Williams Companies Employee Stock Ownership Plan (“WESOP”) Accounts, as defined in the Plan.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is intended to constitute a plan described in Section 404(c) of ERISA and Title 29 of the Code of Federal Regulations Section 2550.404c-1, and the fiduciaries of the Plan may be relieved of liability for any losses that are the direct and necessary result of investment instructions given by a participant or beneficiary.
Administration
The Administrative Committee is the Plan administrator. The Investment Committee has the responsibility to monitor the performance of the trustee, investment funds and investment managers, and select, remove, and replace the trustee, any investment fund and any investment manager. The Benefits Committee has the authority and responsibility to determine whether to override the terms of the Plan which require the availability of common stock issued by The Williams Companies, Inc. The Benefits Committee, in its settlor capacity, may amend the Plan, provided it is a nonmaterial amendment as detailed in the Plan. Fidelity Management Trust Company (“FMTC”) is the trustee and record keeper. Additionally, Fidelity Investments Institutional Operations Company, Inc., provides certain other record keeping services for the Plan.
Contributions
Each eligible participant has contribution accounts consisting primarily of, as applicable, pre-tax, Roth, catchup, rollover, and employer contribution accounts. Certain participants may also have additional contribution accounts, as applicable.
5
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Each eligible employee participant may contribute from 1 percent to a maximum of 50 percent of their eligible compensation per pay period on a pre-tax and/or Roth basis. The maximum pre-tax and/or Roth contribution percentage for Highly Compensated Employees is subject to periodic adjustment in order to meet discrimination testing requirements and certain annual maximum statutory limits imposed by the Internal Revenue Service (“IRS”). The Employer will contribute an amount equal to 100 percent of each participant’s contribution per pay period up to a maximum of 6 percent of their eligible compensation. In addition, the Plan allows for discretionary Employer contributions. No such discretionary Employer contributions were made in 2021.
Additionally, eligible active employees who are not eligible to receive compensation credits under Williams’ defined benefit pension plan are eligible to receive a 4.5 percent Employer Fixed Annual Contribution made by Williams. The Employer Fixed Annual Contribution is made after the end of each Plan year and included in Contribution receivable on the Statements of Net Assets Available for Benefits. Eligible employees generally must be an active employee at year end to receive this contribution, with exceptions for retirement, disability, death, divestiture, and reduction in force.
The Plan also includes an automatic enrollment feature. Eligible participants who do not make an affirmative election to contribute or an affirmative election not to contribute within 60 days of hire are automatically enrolled in the Plan. If automatically enrolled, 3 percent of the participant’s eligible compensation is withheld on a pre-tax basis and invested in the default investment option designated by the Investment Committee. The participant has the right to change the contribution percentage, elect to discontinue contributions to the Plan, or make investment changes at any time.
Participants may elect to invest in various investment options provided they allocate their contribution in multiples of 1 percent and subject to certain other restrictions. Investment options include common/collective trusts, common stocks including common stocks held within separately managed accounts, mutual funds, and a self-directed brokerage fund. A participant may change their investment election at any time. Participants may also exchange or rebalance any investment in their Plan account in accordance with the Plan’s investment provisions.
The Plan does not allow participants’ contributions, including employer and employee contributions, loan payments, and rollovers to be made or invested in shares of Williams common stock. A small amount of Williams common stock continues to be held in the Transtock and WESOP Accounts within the Plan’s Legacy WMB Stock Fund. Dividend payments on Williams common stock not passed through to the participant continue to be reinvested in additional shares of Williams common stock until the participant elects to receive such dividends in cash.
6
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Vesting
Participants have a nonforfeitable vested interest in the current fair value of the assets purchased with their contributions. Eligible participants become 20 percent vested in the employer contributions made on their behalf after one year of service as defined by the Plan. Such vesting increases an additional 20 percent for each year of service, and participants become 100 percent vested upon five years of service. In addition, a participant may become totally vested in their account by reason of their death, total and permanent disability, attainment of age 65, eligibility to receive early retirement benefits under a pension plan of Williams, reduction in work force, complete discontinuance of employer contributions, or termination or partial termination of the Plan. Upon certain sales of assets or companies, participants that have an involuntary termination of employment as a result of such sale are also 100 percent vested.
Employer contributions that are not vested at the time a participant withdraws from the Plan by reason of termination of employment, other than permanent job elimination or permanent reduction in work force, are used for certain items as specified in the Plan document, including the reduction of future employer contributions and payment of Plan expenses. During 2021, employer contributions were reduced by $879 thousand from forfeited nonvested accounts.
Distributions and in-service withdrawals
Participants are entitled to receive the vested portion of their account when they cease to be an employee of Williams for any reason including retirement. Upon termination of service, a participant has distribution options available as outlined in the Plan.
Generally, the payment of benefits under the Plan shall be made in cash. However, with respect to amounts held in the Plan’s Legacy WMB Stock Fund, the participant may request payment of benefits under the Plan in common stock held within the fund.
Eligible employee participants may request a partial withdrawal from the Plan of their rollover contribution accounts and a portion, as defined in the Plan document, of their Prior Plans After-Tax Account. Eligible employee participants may make two such withdrawals during any Plan year and are not suspended from participation in the Plan following such a withdrawal. Outstanding loans will reduce the amount available for partial withdrawals.
Eligible participants who have completed two years of service and who are employees may request an additional in-service withdrawal from the Plan. The amount available for this withdrawal is calculated as defined in the Plan, but in no event shall it exceed the vested portion of the participant’s Employer Matching Contribution Account, Employer Cash Contribution Account, and the balance of the After-Tax Account. Outstanding loans will reduce the amount available for additional in-service withdrawals. Upon electing an additional in-service withdrawal, a participant is suspended from participation in the Plan for three months. Only one such withdrawal may be made every 12 months.
7
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
A participant who is at least age 59½ may request a post-59½ withdrawal from the Plan. The withdrawal can include the vested portion of certain of the participant’s employer and employee contribution accounts. Outstanding loans will reduce the amount available for post-59½ withdrawals. Such withdrawal may be requested at any time and does not cause the participant to be suspended from the Plan.
An eligible employee participant who has a balance in a WESOP Account or Transtock Account may withdraw such balance at any time. Such withdrawal does not cause the participant to be suspended from the Plan.
Withdrawals from an eligible employee participant’s Pre-Tax Account and Roth Account before age 59½ may be made if the participant has suffered a financial hardship condition, as defined in the Plan. Such withdrawal does not cause the participant to be suspended from the Plan.
A participant who is under age 59½ and is totally and permanently disabled, as defined in the Plan, may make a withdrawal from the eligible amounts in their Pre-Tax Account and Roth Account or request a full distribution from the Plan.
Participant loans
The Plan permits eligible employee participants to obtain up to two loans from their account balances within specified limitations. Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 reduced by the aggregate of the highest outstanding balances of such loans during the immediately preceding 12-month period, or 50 percent of their vested balance. Loan terms may not exceed 58 months unless the loan is for the purchase of a primary residence, in which case the loan term may not exceed 25 years. Periodic principal and interest payments are reinvested according to the participant’s current investment election on file. The interest rate is equal to the prime rate of interest plus one percentage point or such other rate as the Administrative Committee shall specify. Principal and interest are paid ratably through payroll deductions. If the participant’s employment is terminated, the participant may continue to make principal and interest payments subject to certain limitations. Participants may make additional partial payments of the loan at any time and in such form as required by the record keeper.
Other
Each participant has their own individual account. Contributions and investment earnings are recorded to individual participant accounts. Plan investments are valued daily. The fair value per share of each fund is multiplied by the number of shares of the fund held in the participant’s account to arrive at their account balance.
8
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Net investment income (loss), including the net change in fair value of investments, on assets held in allocated accounts is applied to the individual participant accounts based on each participant’s account balances.
The ESOP allows for the election of dividend pass-through, which are cash dividends paid directly to participants, for the dividends received on the shares of Williams common stock held within the Plan’s ESOP.
While the Compensation and Management Development Committee of the Williams Board of Directors has not expressed any intent to terminate the Plan, it may do so, in its settlor capacity, at any time. In the event of any Plan termination, assets of the Plan will be distributed in accordance with the Plan document.
Note 2--Summary of significant accounting policies
Basis of accounting
The accompanying financial statements of the Plan are prepared on the accrual basis of accounting. However, benefit payments to participants are recorded when paid.
Notes receivable from participants
Notes receivable from participants are measured at their unpaid principal balance plus any estimated accrued and unpaid interest. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be a distribution, the participant loan balance is reduced, and a withdrawal is recorded. Thus, no allowance for credit losses is required or recorded.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires the Plan’s Administrative Committee to make estimates that affect the amounts reported in the financial statements, accompanying notes, and supplemental schedule. Actual results could differ from those estimates.
Risks and uncertainties
The Plan provides for various investment securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility risk. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and participants’ account balances.
9
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Investment valuation and income recognition
The Plan’s investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A discussion of fair value measurements is included in Note 3.
Purchases and sales of securities are recorded on a trade-date basis, which may result in amounts due to or from brokers related to unsettled trades. Dividend income is recorded on the ex-dividend date. Net increase (decrease) in fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
Contributions
Participant contributions are recorded when Williams makes payroll deductions from eligible Plan participants. Employer contributions are accrued in the period in which they become obligations of Williams.
Administrative expenses
Certain administrative expenses, including audit and legal fees, of the Plan are paid by Williams.
Note 3--Fair value measurements
The fair value hierarchy prioritizes the inputs used to measure fair value, giving the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). Fair value balances are classified based on the observability of those inputs. The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
The Plan’s Level 1 investments primarily consist of mutual funds, common stocks, and money market funds that are traded on U.S. exchanges, as well as interest-bearing cash. The Plan’s Level 2 investments primarily consist of common stocks traded on foreign exchanges, certificates of deposit, and government and corporate bonds. The Plan’s Level 3 investments consist of private placement common stocks that are not traded on an exchange.
The fair values of common stocks traded on U.S. exchanges and exchange-traded funds within the self-directed brokerage fund are derived from quoted market prices as of the close of business on the last business day of the Plan year. The fair value of common stocks traded on foreign exchanges are also derived from quoted market prices as of the close of business on an active foreign exchange on the last business day of the Plan year. The valuation requires
10
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
translation of the foreign currency to U.S. dollars, and the foreign exchange rate used in the translation is considered an observable input to the valuation. Shares of money market funds and mutual funds are valued at fair value based on published market prices as of the close of business on the last business day of the Plan year, which represent the net asset values (“NAV”) of the shares held by the Plan. The carrying value of interest-bearing cash approximates fair value because of the short-term nature of this investment. The units of the common/collective trusts are valued at fair value using the NAV practical expedient as determined by the issuer based on the current fair values of the underlying assets of the fund (see Note 4). There have been no significant changes in the preceding valuation methodologies used at December 31, 2021 and 2020.
The valuation methods described above may produce a fair value that may not be indicative of net realizable value or reflective of future fair values. The use of different methodologies or assumptions to determine fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth, by level within the fair value hierarchy, the Plan’s assets that are measured at fair value as of December 31, 2021 and 2020, with the exception of the common/collective trusts measured at fair value using the NAV practical expedient. The combined fair value for the common/collective trusts is provided to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits.
Level 1
Level 2
Level 3
Total
2021:
Interest-bearing cash
$
3,825,101
$
—
$
—
$
3,825,101
Mutual funds
277,986,044
—
—
277,986,044
Self-directed brokerage fund
111,636,945
2,108,606
—
113,745,551
Common stocks
474,824,470
3,590,671
342,256
478,757,397
$
868,272,560
$
5,699,277
$
342,256
874,314,093
Common/collective trusts
827,665,729
Total investments at fair value
$
1,701,979,822
2020:
Interest-bearing cash
$
2,707,054
$
—
$
—
$
2,707,054
Mutual funds
225,624,504
—
—
225,624,504
Self-directed brokerage fund
99,892,988
1,985,527
—
101,878,515
Common stocks
430,647,088
7,289,670
709,801
438,646,559
$
758,871,634
$
9,275,197
$
709,801
768,856,632
Common/collective trusts
755,165,384
Total investments at fair value
$
1,524,022,016
11
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Note 4--Common/collective trusts
The Plan holds investments in several common/collective trusts that invest primarily in mutual funds, fixed income securities, and international equity securities. These common/collective trusts have no unfunded commitments. Generally, participant-directed redemptions occur daily. In some cases, FMTC may require up to ten days to settle these redemptions. However, FMTC may require additional notice for redemptions directed by a plan sponsor.
Additionally, the Plan holds investments in the Fidelity Managed Income Portfolio II Fund (“MIP II Fund”), a common/collective trust, which is managed by FMTC as trustee (“MIP II Fund Trustee”). Participant-directed withdrawals of MIP II Fund units may be made on any business day. Participant-directed exchanges to another investment option may be made on any business day as long as the exchange is not directed into a competing fund (money market funds or certain other types of fixed income funds). Transferred amounts must be held in a noncompeting investment option for 90 days before subsequent transfers to a competing fund may occur. Withdrawals directed by a plan sponsor must be preceded by 12-months written notice to the MIP II Fund Trustee. The MIP II Fund Trustee may in its discretion complete any such plan-level withdrawals before the expiration of such 12-month period. Additionally, the MIP II Fund Trustee may defer completing a withdrawal directed by a participant or plan sponsor where doing so might adversely affect the MIP II Fund portfolio. The MIP II Fund Trustee shall make the payments available as quickly as cash flows and prudent portfolio management permit.
Note 5--Transactions with parties-in-interest
Certain investments held by the Plan are managed by the trustee. Additionally, certain investments held within the Plan are in Williams common stock. Therefore, these transactions qualify as party-in-interest transactions. These transactions are exempt from the prohibited transaction rules.
Note 6--Tax status and federal income taxes
The Plan has received a determination letter from the IRS dated July 24, 2015, stating that the Plan, as amended, is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan has been further amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The Plan administrator has indicated it will take the necessary steps, if any, to maintain the Plan’s compliance with the Code.
12
THE WILLIAMS INVESTMENT PLUS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2021
Plan management is required by generally accepted accounting principles to evaluate uncertain tax positions taken by the Plan. The financial statement impact of a tax position must be recognized when the position is more likely than not, based on its technical merits, to be sustained upon examination by the IRS. As of December 31, 2021 and 2020, there are no uncertain positions taken or expected to be taken.
Note 7--Differences between financial statements and Form 5500
The following is a reconciliation of Net Assets Available for Benefits per the financial statements to the Form 5500 at December 31:
2021
2020
Net assets available for benefits per the financial statements
$
1,734,771,592
$
1,557,626,554
Amounts allocated to withdrawing participants
—
(1,355,343)
Net assets available for benefits per the Form 5500
$
1,734,771,592
$
1,556,271,211
The following is a reconciliation of Net increase during the year per the Statement of Changes in Net Assets Available for Benefits to net income (loss) per the Form 5500 for the year ended December 31, 2021:
Net increase during the year
$
177,145,038
Add: Amounts allocated to withdrawing participants at December 31, 2020
1,355,343
Net income per Form 5500
$
178,500,381
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit payments that have been processed and approved for payment prior to December 31, but not yet paid as of that date.
13
SUPPLEMENTAL SCHEDULE
14
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
Common/Collective Trusts
*
Fidelity Managed Income Portfolio II Class 4
81,793,822 shares
$
81,793,822
*
Fidelity Diversified International Commingled Pool
3,422,675 shares
66,536,810
Prudential Core Plus Bond Fund Class 5
196,588 shares
38,352,280
Vanguard Target Retirement Income Trust I
202,143 shares
13,333,336
Vanguard Target Retirement 2015 Trust I
87,790 shares
5,873,155
Vanguard Target Retirement 2020 Trust I
737,959 shares
53,590,600
Vanguard Target Retirement 2025 Trust I
854,260 shares
64,624,782
Vanguard Target Retirement 2030 Trust I
1,901,374 shares
148,611,373
Vanguard Target Retirement 2035 Trust I
581,781 shares
47,566,377
Vanguard Target Retirement 2040 Trust I
1,539,724 shares
132,908,955
Vanguard Target Retirement 2045 Trust I
510,490 shares
45,254,917
Vanguard Target Retirement 2050 Trust I
967,156 shares
86,550,821
Vanguard Target Retirement 2055 Trust I
260,342 shares
28,408,524
Vanguard Target Retirement 2060 Trust I
185,250 shares
10,618,558
Vanguard Target Retirement 2065 Trust I
103,273 shares
3,641,419
827,665,729
Registered Investment Companies
PIMCO Real Return Fund Institutional Class
948,544 shares
11,686,061
*
Fidelity U.S. Bond Index Fund
1,190,177 shares
14,258,315
Vanguard Extended Market Index Fund Institutional
261,875 shares
36,319,492
Vanguard Institutional Index Fund Institutional Plus
485,769 shares
197,125,037
Vanguard Total International Stock Index Fund Institutional
130,910 shares
17,904,505
277,293,410
Common Stock
*
The Williams Companies, Inc.
234,683 shares
6,113,826
6,113,826
Investments held in Separately Managed Accounts
Macquarie U.S. Large Cap Value Equity Portfolio:
Interest-bearing Cash:
BROWN BROTHERS HARRIMAN STIF FUND
717,559 shares
717,559
Common Stock:
AMERICAN INTERNATIONAL GROUP
36,000 shares
2,046,960
ARCHER DANIELS MIDLAND CO
29,615 shares
2,001,678
BAXTER INTL INC
23,900 shares
2,051,576
BROADCOM INC
3,400 shares
2,262,394
CIGNA CORP
8,868 shares
2,036,359
15
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
CISCO SYSTEMS INC
34,046 shares
2,157,495
COGNIZANT TECH SOLUTIONS CL A
25,714 shares
2,281,346
COMCAST CORP CL A
37,585 shares
1,891,653
CONAGRA BRANDS INC
58,216 shares
1,988,076
CONOCOPHILLIPS
26,981 shares
1,947,489
CVS HEALTH CORP
21,684 shares
2,236,921
DISCOVER FIN SVCS
15,627 shares
1,805,856
DISNEY (WALT) CO
13,034 shares
2,018,836
DOLLAR GENERAL CORP
8,390 shares
1,978,614
DOLLAR TREE INC
14,900 shares
2,093,748
DOVER CORP
11,665 shares
2,118,364
DUPONT DE NEMOURS INC
25,936 shares
2,095,110
EDISON INTL
32,600 shares
2,224,950
EQUITY RESIDENTIAL REIT
23,089 shares
2,089,555
FIDELITY NATL INFORM SVCS INC
18,745 shares
2,046,017
HONEYWELL INTL INC
9,056 shares
1,888,266
JOHNSON & JOHNSON
11,518 shares
1,970,384
MERCK & CO INC NEW
26,149 shares
2,004,059
METLIFE INC
31,076 shares
1,941,939
MOTOROLA SOLUTIONS INC
8,200 shares
2,227,940
NORTHROP GRUMMAN CORP
5,093 shares
1,971,348
ORACLE CORP
20,738 shares
1,808,561
RAYTHEON TECHNOLOGIES CORP
22,034 shares
1,896,246
TJX COMPANIES INC NEW
26,700 shares
2,027,064
TRUIST FINL CORP
33,300 shares
1,949,715
US BANCORP DEL
32,900 shares
1,847,993
VERIZON COMMUNICATIONS INC
37,822 shares
1,965,231
VIATRIS INC
142,411 shares
1,926,821
LSV U.S. Small/Mid Cap Value Equity Portfolio:
Interest-bearing Cash:
BROWN BROTHERS HARRIMAN STIF FUND
1,085,631 shares
1,085,631
Common Stock:
AARON'S CO INC/THE
4,775 shares
117,704
ACUITY BRANDS INC
1,825 shares
386,389
AGCO CORP
2,000 shares
232,040
AIR LEASE CORP CL A
3,100 shares
137,113
ALLISON TRANSMISSION HLDGS INC
6,500 shares
236,275
AMC NETWORKS INC CL A
3,600 shares
123,984
16
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
AMDOCS LTD
3,800 shares
284,392
AMERICAN ASSETS TRUST INC
6,800 shares
255,204
AMERICAN FINL GROUP INC OHIO
1,900 shares
260,908
AMKOR TECHNOLOGY INC
9,700 shares
240,463
AMPHASTAR PHARMACEUTICALS INC
651 shares
15,162
APPLE HOSPITALITY REIT INC
4,500 shares
72,675
ARC DOCUMENT SOLUTIONS INC
12,700 shares
44,450
ARCBEST CORP
2,900 shares
347,565
ARCONIC CORP
825 shares
27,233
ARROW ELECTRONICS INC
4,700 shares
631,069
ASSURED GUARANTY LTD
2,100 shares
105,420
ATKORE INC
5,400 shares
600,426
AVAYA HOLDINGS CORP
3,600 shares
71,280
BERRY GLOBAL GROUP INC
4,700 shares
346,766
BLOCK H & R INC
11,100 shares
261,516
BORGWARNER INC
4,600 shares
207,322
BRIDGEWATER BANCSHARES INC
10,800 shares
191,052
BRIXMOR PPTY GROUP INC
11,100 shares
282,051
BUNGE LIMITED
1,100 shares
102,696
C N A FINANCIAL CORP
8,800 shares
387,904
CABOT CORP
3,700 shares
207,940
CAPRI HOLDINGS LTD
1,400 shares
90,874
CARS.COM INC
10,600 shares
170,554
CATALYST PHARMACEUTICALS INC
22,600 shares
153,002
CHATHAM LODGING TRUST
9,100 shares
124,852
CHEMOURS CO/ THE
5,700 shares
191,292
CIRRUS LOGIC INC
1,100 shares
101,222
CITY OFFICE REIT INC
15,100 shares
297,772
CNO FINANCIAL GROUP INC
16,200 shares
386,208
CNX RESOURCES CORP
12,135 shares
166,856
CONSENSUS CLOUD SOLUTION
233 shares
13,484
CORECIVIC INC
8,000 shares
79,760
CSG SYSTEMS INTL INC
3,300 shares
190,146
CUSTOMERS BANCORP INC
7,500 shares
490,275
DANA INC
8,800 shares
200,816
DAVITA INC
2,500 shares
284,400
DELUXE CORP
4,300 shares
138,073
DIODES INC
1,200 shares
131,772
EASTMAN CHEMICAL CO
2,200 shares
266,002
17
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
ENERGIZER HLDGS INC
4,000 shares
160,400
FEDERAL AGRI MTG NON VTG CL C
1,450 shares
179,698
FIDELITY NATIONAL FINL INC
2,240 shares
116,883
FINANCIAL INSTITUTIONS INC
6,500 shares
206,700
FIRST AMERICAN FINANCIAL CORP
3,200 shares
250,336
FIRST BUSEY CORP
7,500 shares
203,400
FIRST HORIZON CORP
12,900 shares
210,657
FIRST INTERNET BANCORP
5,400 shares
254,016
FOOT LOCKER INC
3,700 shares
161,431
FRANKLIN STREET PPTYS CORP
28,130 shares
167,374
GAMING AND LEISURE PROPRTI INC
3,700 shares
180,042
GOODYEAR TIRE & RUBBER CO
10,000 shares
213,200
GRAPHIC PACKAGING HOLDING CO
5,300 shares
103,350
GRAY TELEVISION INC
10,000 shares
201,600
GREAT SOUTHERN BANCORP INC
2,914 shares
172,654
HANMI FINANCIAL CORPORATION
8,800 shares
208,384
HARLEY-DAVIDSON INC
5,800 shares
218,602
HAVERTY FURNITURE COS INC
8,200 shares
250,674
HAWAIIAN HLDGS INC
5,900 shares
108,383
HILLENBRAND INC
2,660 shares
138,293
HILLTOP HLDGS I
7,300 shares
256,522
HOLLYFRONTIER CORP
8,680 shares
284,530
HOPE BANCORP INC
16,800 shares
247,128
HORIZON BANCORP INC INDIANA
2,800 shares
58,380
HUNTINGTON INGALLS INDUSTRIES INC
1,000 shares
186,740
HUNTSMAN CORP
9,000 shares
313,920
INDUSTRIAL LOGISTICS PROPERTIES TR
7,587 shares
190,054
INGLES MARKETS INC-CL A
2,600 shares
224,484
INGREDION INC
2,600 shares
251,264
INNOVIVA INC
16,700 shares
288,075
INVESTORS BANCORP INC
23,700 shares
359,055
IRON MOUNTAIN INC
3,900 shares
204,087
IRONWOOD PHARMA CL A (PEND)
25,900 shares
301,994
JABIL INC
7,600 shares
534,660
JAZZ PHARMA PLC
2,000 shares
254,800
JETBLUE AIRWAYS CORP
9,200 shares
131,008
JM SMUCKER CO/THE
2,700 shares
366,714
JUNIPER NETWORKS INC
5,200 shares
185,692
KELLY SERVICES INC CL A
8,200 shares
137,514
18
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
KOHLS CORP
2,800 shares
138,292
KOPPERS HLDGS INC
4,900 shares
153,370
KRATON CORP
2,700 shares
125,064
LANNETT INC
6,900 shares
11,178
LEAR CORP NEW
1,400 shares
256,130
M D C HOLDINGS INC
5,076 shares
283,393
MANPOWERGROUP INC
2,200 shares
214,126
MDU RESOURCES GROUP INC
8,100 shares
249,804
MEDICAL PPTY TR INC
11,100 shares
262,293
MERITOR INC
11,500 shares
284,970
MGIC INVESTMENT CORP
9,000 shares
129,780
MIDLAND STATES BANCORP INC
7,200 shares
178,488
MILLERKNOLL INC
3,200 shares
125,408
MODINE MANUFACTURING CO
12,900 shares
130,161
MOLSON COORS BEVERAGE CO B
6,900 shares
319,815
MOOG INC CL A
1,800 shares
145,746
MOSAIC CO NEW
8,100 shares
318,249
NATIONAL FUEL GAS CO NJ
5,500 shares
351,670
NAVIENT CORP
16,900 shares
358,618
NCR CORP
3,300 shares
132,660
NEW MOUNTAIN FINANCE CORP
11,800 shares
161,660
NEXSTAR MEDIA GROUP INC A
1,676 shares
253,042
NRG ENERGY INC
6,900 shares
297,252
O-I GLASS INC
14,200 shares
170,826
ODP CORP/THE
4,170 shares
163,798
OFFICE PROPERTIES INCOME TRUST
7,076 shares
175,768
OMEGA HEALTHCARE INVESTORS INC
6,800 shares
201,212
OSHKOSH CORP
2,200 shares
247,962
OWENS CORNING INC
2,600 shares
235,300
PARAMOUNT GLOBAL CL B
4,700 shares
141,846
PATTERSON COMPANIES INC
3,500 shares
102,725
PENNANTPARK INVESTMENT CORP
33,903 shares
234,948
PENSKE AUTOMOTIVE GROUP INC
4,300 shares
461,046
PIEDMONT OFFICE REALTY TRUST A
13,500 shares
248,130
PLYMOUTH INDL REIT INC
3,800 shares
121,600
PREMIER FINANCIAL CORP
7,600 shares
234,916
PULTEGROUP INC
6,300 shares
360,108
QURATE RETAIL INC
13,600 shares
103,360
RADIAN GROUP INC
9,800 shares
207,074
19
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
RBB BANCORP
8,100 shares
212,220
REGIONAL MANAGEMENT CORP
5,400 shares
310,284
REGIONS FINANCIAL CORP
11,100 shares
241,980
REINSURANCE GROUP OF AMERICA
1,700 shares
186,133
RELIANCE STEEL & ALUMINUM CO
1,100 shares
178,442
RETAIL VALUE INC
1,047 shares
6,722
REV GROUP INC
10,500 shares
148,575
ROCKY BRANDS INC
4,000 shares
159,200
SABRA HEALTHCARE REIT INC
11,900 shares
161,126
SANMINA CORP
4,600 shares
190,716
SCANSOURCE INC
3,400 shares
119,272
SELECT MEDICAL HLDGS CORP
4,850 shares
142,590
SILGAN HOLDINGS INC
6,700 shares
287,028
SNAP-ON INCORPORATED
1,000 shares
215,380
SONIC AUTOMOTIVE INC CL A
5,300 shares
262,085
SPROUTS FMRS MKT INC
8,700 shares
258,216
TD SYNNEX CORP
1,313 shares
150,155
TOLL BROTHERS INC
3,000 shares
217,170
TRITON INTERNATIONAL LTD
4,800 shares
289,104
TRONOX HOLDINGS PLC
6,200 shares
148,986
TTM TECHNOLOGIES INC
7,400 shares
110,260
UGI CORP NEW
5,000 shares
229,550
ULTRA CLEAN HOLDINGS INC
4,100 shares
235,176
UNITED THERAPEUTICS CORP DEL
1,600 shares
345,728
UNITI GROUP INC
15,068 shares
211,103
UNIVERSAL HEALTH SVCS INC CL B
2,100 shares
272,286
UNUM GROUP
9,300 shares
228,501
VILLAGE SUPER MKT INC CL A NEW
3,400 shares
79,526
VISHAY INTERTECHNOLOGY INC
6,300 shares
137,781
VISTA OUTDOOR INC
5,500 shares
253,385
VISTRA CORP
16,300 shares
371,151
VOYA FINANCIAL INC
4,800 shares
318,288
WEIS MARKETS INC
3,000 shares
197,640
WESTERN UNION CO
5,200 shares
92,768
WESTROCK CO
7,300 shares
323,828
WHIRLPOOL CORP
2,000 shares
469,320
WILLIAMS-SONOMA INC
1,300 shares
219,869
WINNEBAGO INDUSTRIES INC
2,200 shares
164,824
WORLD FUEL SERVICES CORP
4,100 shares
108,527
20
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
XEROX HOLDINGS CORP
8,825 shares
199,798
ZIFF DAVIS INC
1,350 shares
149,661
ZIONS BANCORP
8,200 shares
517,912
T. Rowe Price U.S. Large-Cap Core Growth Equity Portfolio:
Interest-bearing Cash:
BROWN BROTHERS HARRIMAN STIF FUND
748,338 shares
748,338
Registered Investment Company:
*
T Rowe Price Government Reserve Fund
692,634 shares
692,634
Common Stock:
ADVANCED MICRO DEVICES INC
25,878 shares
3,723,844
AFFIRM HOLDINGS INC
8,958 shares
900,816
ALIGN TECHNOLOGY INC
807 shares
530,344
ALPHABET INC CL A
1,408 shares
4,079,032
ALPHABET INC CL C
9,238 shares
26,730,984
AMAZON.COM INC
8,850 shares
29,508,909
ANT INTL CO LTD CLASS C PP
121,484 shares
229,605
APPLE INC
130,727 shares
23,213,193
ASML HLDG NV (NY REG SHS) NEW YORK REGIST
3,239 shares
2,578,697
ASTRAZENECA PLC SPONS ADR
11,206 shares
652,750
ATLASSIAN CORP PLC CLS A
3,403 shares
1,297,530
BILL.COM HOLDINGS INC
4,000 shares
996,600
BLOCK INC CL A
10,452 shares
1,688,103
CARVANA CO CL A
12,407 shares
2,875,819
CHIPOTLE MEXICAN GRILL INC
1,204 shares
2,104,893
CHUBB LTD
4,185 shares
809,002
CINTAS CORP
776 shares
343,900
COPART INC
5,353 shares
811,622
COSTAR GROUP INC
280 shares
22,128
COUPA SOFTWARE INC
2,744 shares
433,689
CROWDSTRIKE HOLDINGS INC
1,378 shares
282,146
DANAHER CORP
10,559 shares
3,474,017
DATABRICKS INC SER G PC PP
511 shares
112,651
DATADOG INC CL A
4,282 shares
762,667
DELIVERY HERO SE
3,414 shares
380,910
DISNEY (WALT) CO
6,781 shares
1,050,309
DOCUSIGN INC
5,737 shares
873,802
21
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
DOLLAR GENERAL CORP
8,324 shares
1,963,049
DOORDASH INC
12,686 shares
1,888,945
EQUIFAX INC
1,427 shares
417,811
FISERV INC
12,853 shares
1,334,013
FORTINET INC
5,485 shares
1,971,309
GENERAL ELECTRIC CO
8,350 shares
788,825
GOLDMAN SACHS GROUP INC
7,563 shares
2,893,226
HASHICORP INC
2,301 shares
209,483
HCA HEALTHCARE INC
9,475 shares
2,434,317
HUMANA INC
2,089 shares
969,004
INTUIT INC
9,525 shares
6,126,671
INTUITIVE SURGICAL INC
13,605 shares
4,888,277
LILLY (ELI) & CO
12,023 shares
3,320,993
LINDE PLC
2,422 shares
839,053
LULULEMON ATHLETICA INC
5,661 shares
2,215,998
MARSH & MCLENNAN COS INC
3,219 shares
559,527
MARVELL TECHNOLOGY INC
16,737 shares
1,464,320
MASTERCARD INC CL A
15,178 shares
5,453,759
META PLATFORMS INC CL A
59,426 shares
19,987,935
MICROSOFT CORP
99,753 shares
33,548,929
MONGODB INC CL A
3,680 shares
1,948,008
MONOLITHIC POWER SYS INC
1,863 shares
919,074
MSCI INC
591 shares
362,100
NETFLIX INC
9,064 shares
5,460,516
NIKE INC CL B
14,474 shares
2,412,382
NVIDIA CORP
33,312 shares
9,797,392
OPENDOOR TECHNOLOGIES INC
26,200 shares
382,782
PAYCOM SOFTWARE INC
611 shares
253,681
PAYPAL HLDGS INC
15,253 shares
2,876,411
PINTEREST INC CL A
31,285 shares
1,137,210
RIVIAN AUTOMOTIVE INC
12,371 shares
1,282,749
RIVIAN AUTOMOTIVE INC(180 DAY LOCK UP)
17,742 shares
1,655,701
ROKU INC CLASS A
1,230 shares
280,686
ROPER TECHNOLOGIES INC
2,756 shares
1,355,566
ROSS STORES INC
18,687 shares
2,135,550
S&P GLOBAL INC
4,275 shares
2,017,501
SALESFORCE.COM INC
2,359 shares
599,493
SCHWAB CHARLES CORP
16,370 shares
1,376,717
SEA LTD ADR
21,163 shares
4,734,375
22
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
SERVICENOW INC
10,685 shares
6,935,740
SHERWIN WILLIAMS CO
488 shares
171,854
SHOPIFY INC CL A
1,360 shares
1,873,250
SHOPIFY INC CL A
65 shares
89,497
SNAP INC - A
80,151 shares
3,769,502
SNOWFLAKE INC CL A
1,582 shares
535,902
SPOTIFY TECHNOLOGY SA
3,974 shares
930,035
STARBUCKS CORP
6,273 shares
733,753
STRYKER CORP
7,852 shares
2,099,782
SYNOPSYS INC
8,423 shares
3,103,876
T-MOBILE US INC
4,878 shares
565,750
TAIWAN SEMIC MFG CO LTD SP ADR
8,291 shares
997,490
TE CONNECTIVITY LTD
3,492 shares
563,399
TELEFLEX INC
1,939 shares
636,923
TENCENT HOLDINGS LTD
25,000 shares
1,464,563
TESLA INC
7,421 shares
7,842,364
TEXAS INSTRUMENTS INC
7,193 shares
1,355,665
THE BOOKING HOLDINGS INC
593 shares
1,422,743
THERMO FISHER SCIENTIFIC INC
2,874 shares
1,917,648
TJX COMPANIES INC NEW
5,648 shares
428,796
TOAST INC
1,235 shares
42,867
TRANSUNION
4,000 shares
474,320
TWILIO INC CLASS A
1,574 shares
414,497
UNITEDHEALTH GROUP INC
11,506 shares
5,777,623
VEEVA SYS INC CL A
3,102 shares
792,499
VISA INC CL A
32,047 shares
6,944,905
ZOETIS INC CL A
7,785 shares
1,899,774
ZOOM VIDEO COMMUNICATIONS INC CL A
7,047 shares
1,296,014
William Blair U.S. Small/Mid Cap Growth Equity Portfolio:
Interest-bearing Cash:
BROWN BROTHERS HARRIMAN STIF FUND
1,273,573 shares
1,273,573
Common Stock:
10X GENOMICS INC
5,026 shares
748,673
ABIOMED INC
3,595 shares
1,291,216
ACADIA HEALTHCARE CO INC
16,286 shares
988,560
ALARM.COM HOLDINGS INC
11,328 shares
960,728
AMEDISYS INC
3,676 shares
595,071
ARES MANAGEMENT CORP CL A
13,099 shares
1,064,556
23
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
AVALARA INC
7,213 shares
931,270
AXON ENTERPRISE INC
7,994 shares
1,255,058
AZENTA INC
14,539 shares
1,499,116
BEAUTY HEALTH CO/THE
21,374 shares
516,396
BIO TECHNE CORP
2,764 shares
1,429,928
BLUEPRINT MEDICINES CORP
7,395 shares
792,078
BRIGHT HORIZONS FAMILY SOLUTIONS INC
8,402 shares
1,057,644
BRINKS CO
18,820 shares
1,234,027
BUILDERS FIRSTSOURCE
28,485 shares
2,441,449
BURLINGTON STORES INC
4,339 shares
1,264,862
BWX TECHNOLOGIES INC
26,906 shares
1,288,259
CABLE ONE INC
481 shares
848,219
CAMECO CORP
50,567 shares
1,102,866
CELSIUS HOLDINGS INC
7,365 shares
549,208
CERTARA INC
19,087 shares
542,453
CHARLES RIVER LABS INTL INC
4,061 shares
1,530,104
CHART INDUSTRIES INC
2,958 shares
471,771
CHEMED CORP
1,924 shares
1,017,873
CROWN HOLDINGS INC
14,897 shares
1,647,906
DENBURY INC
13,173 shares
1,008,920
DYNATRACE INC
24,795 shares
1,496,378
ENTEGRIS INC
7,014 shares
972,000
EURONET WORLDWIDE INC
11,071 shares
1,319,331
FIRSTSERVICE CORP
4,132 shares
811,814
FOX FACTORY HOLDING CORP
7,069 shares
1,202,437
GUIDEWIRE SOFTWARE INC
7,892 shares
895,979
HALOZYME THERAPEUTICS INC
21,529 shares
865,681
HEALTHEQUITY INC
15,412 shares
681,827
HEICO CORP CL A
4,407 shares
566,388
HELEN OF TROY LTD
2,244 shares
548,591
HORIZON THERAPEUTICS PLC
9,567 shares
1,030,940
INSMED INC
19,860 shares
540,986
INSPIRE MEDICAL SYSTEMS INC
3,676 shares
845,701
KORNIT DIGITAL LTD
3,472 shares
528,612
LESLIE'S INC
49,945 shares
1,181,699
LIGAND PHARMACEUTICALS
5,176 shares
799,485
LINCOLN ELECTRIC HLDGS INC
4,298 shares
599,442
LIVE NATION ENTERTAINMENT INC
6,404 shares
766,495
MARTIN MARIETTA MATERIALS INC
3,078 shares
1,355,921
24
THE WILLIAMS INVESTMENT PLUS PLAN
EIN: 73‑0569878 PLAN: 008
Schedule H, line 4i - Schedule of Assets (held at end of year)
December 31, 2021
(a)
(b) Identity of issue, borrower, lessor, or similar party
(c) Description of investment including maturity date, rate of interest, collateral, par, or maturity value
(d) Cost**
(e) Current value
MERCURY SYSTEMS INC
13,968 shares
769,078
MERIT MEDICAL SYSTEMS INC
11,200 shares
697,760
MKS INSTRUMENTS INC
2,971 shares
517,459
NATIONAL INSTRUMENT CORP
20,406 shares
891,130
NATIONAL VISION HOLDINGS INC
18567 shares
891,030
NEW FORTRESS ENERGY INC
17,571 shares
424,164
NICE LTD SPON ADR
4,727 shares
1,435,117
NOVANTA INC
4,403 shares
776,381
OVERSTOCK.COM INC DEL
10,943 shares
645,746
PACIFIC BIOSCIENES OF CALI INC
22,692 shares
464,278
PEGASYSTEMS INC
5,386 shares
602,263
PENUMBRA INC
4,976 shares
1,429,704
PERFORMANCE FOOD GROUP CO
21,545 shares
988,700
PURE STORAGE INC CL A
55,499 shares
1,806,492
REVOLVE GROUP INC
15,515 shares
869,461
RITCHIE BROS AUCTIONEERS
13,508 shares
826,825
SOLAREDGE TECHNOLOGIES INC
3,933 shares
1,103,482
STEM INC
19,769 shares
375,018
TREX CO INC
14,017 shares
1,892,716
TWIST BIOSCIENCE CORP
6,843 shares
529,580
VARONIS SYSTEMS INC
15,004 shares
731,895
VERACYTE INC
16,838 shares
693,726
VIRTU FINANCIAL INC- CL A
42,045 shares
1,212,157
WESTERN ALLIANCE BANCORP
9,896 shares
1,065,304
WOLFSPEED INC
4,970 shares
555,497
WORKIVA INC
6,348 shares
828,351
WYNDHAM HOTELS & RESORTS INC
17,590 shares
1,576,944
ZYNGA INC
123,967 shares
793,389
477,161,306
*
Self-Directed Brokerage Fund
A self-directed brokerage fund allowing participants to invest in a wide array of securities including but not limited to publicly traded stocks, mutual funds, exchange-traded funds, bonds, certificates of deposit, and money market funds at their discretion.
113,745,551
Investments (at fair value)
1,701,979,822
*
Participant Loans
Loans extended to participants at interest rates of 4.25% to 9.5%
20,941,200
$
1,722,921,022
*Party-in-interest
**Column not applicable for participant-directed investments.
25
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
THE WILLIAMS INVESTMENT PLUS PLAN
(Name of Plan)
/s/Robert Biffle
Robert Biffle
Chairman, Administrative Committee
The Williams Companies, Inc.
Date: June 9, 2022
26
EXHIBIT INDEX
Exhibit No.
Description
23
Consent of Independent Registered Public Accounting Firm
