Employer · plans filed under one EIN
Phillips 66 Company
Houston, TX · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under Phillips 66 Company's employer identification number (Houston, Texas). Their latest filings total 33,945 participant records and $9.87B in net assets.
The largest is Phillips 66 Savings Plan, an ESOP with a 401(k) feature with 17,993 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $242M and participant contributions $236M in the latest plan years; benefits paid were $1.13B. Schedule C compensation reported to service provider organisations totalled $9.6M.
Combined net assets moved from $5.46B in 2012 to $9.87B in 2024 (up 81%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Phillips 66 Savings Plan | ESOP with a 401(k) feature | 2024 | 17,993 | $7.67B | $426,525 | $12,756 | $4.5M |
| Phillips 66 Retirement Plan | cash balance pension plan | 2024 | 15,952 | $2.20B | $137,938 | $7,776 | $5.1M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 33,945 | $9.87B | $242M | $236M |
| 2023 | 2 | 34,355 | $9.74B | $199M | $225M |
| 2022 | 2 | 30,165 | $8.18B | $556M | $218M |
| 2021 | 2 | 30,722 | $8.99B | $209M | $210M |
| 2020 | 2 | 30,796 | $8.56B | $142M | $214M |
| 2019 | 2 | 30,304 | $8.58B | $187M | $205M |
| 2018 | 2 | 29,565 | $7.27B | $179M | $173M |
| 2017 | 2 | 29,398 | $8.13B | $199M | $167M |
| 2016 | 2 | 29,784 | $7.30B | $487M | $162M |
| 2015 | 2 | 28,937 | $6.68B | $450M | $153M |
| 2014 | 2 | 27,879 | $6.76B | $326M | $147M |
| 2013 | 2 | 25,957 | $6.59B | $269M | $139M |
| 2012 | 2 | 24,857 | $5.46B | $180M | $87.4M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Vanguard Advisers Inc. | Investment advisory (participants) | 1 | $2,997,703 |
| JPMorgan Chase Bank, National Assoc | Investment management; Trustee (discretionary); Investment advisory (plan) | 1 | $1,440,334 |
| The Vanguard Group, Inc. | Recordkeeping and information management; Trustee (directed); Participant loan processing | 1 | $739,479 |
| Invesco Capital Management | Investment management | 1 | $705,211 |
| BlackRock Institutional Trust Compa | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | 1 | $694,417 |
| Lazard Asset Management LLC | Investment management | 1 | $679,035 |
| Northern Trust Company | Trustee (directed); Investment management; Trustee (bank, trust company, or similar financial institution); Custodial (other than securities) | 2 | $542,392 |
| Prudential Trust Co. | Investment management | 1 | $527,209 |
| Hsre Core Property Fund GP LLC | Investment management | 1 | $365,030 |
| Credit Suisse | Investment management | 1 | $324,724 |
| MFS Heritage Trust Company | Investment management; Accounting (including auditing); Custodial (securities); Custodial (other than securities) | 1 | $192,289 |
| Towers Watson Investment Services | Consulting (pension); Investment advisory (plan) | 1 | $139,294 |
| Goldman Sachs Asset Management, LP | Investment management | 1 | $71,678 |
| Legal & General Investment Manageme | Investment management | 1 | $69,959 |
| Principal Global Investors | Investment management | 1 | $37,545 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Phillips 66 Company have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Phillips 66 Savings Plan and Phillips 66 Retirement Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Phillips 66 Company contribute to its plans?
$241,717,938 in employer contributions across these plans in their latest plan years, about $10,344 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Vanguard Advisers Inc., JPMorgan Chase Bank, National Assoc, The Vanguard Group, Inc. and Invesco Capital Management and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.