Industry · Form 5500 business code 324110
Petroleum Refineries (including integrated): retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
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. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 91 retirement plans in petroleum refineries (including integrated) with 100 or more participants filed Form 5500: 60 defined contribution and 31 defined benefit. They reported 506,381 participant records and $143.2B in net assets, counting every plan on the form.
The median defined contribution plan held $162,128 per participant, well above the national median of $53,031, and its employer put in $7,045 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $106 per participant against $123 nationally.
Employers contributed $3.13B and participants $2.43B during the year, and the plans paid out $16.6B in benefits.
In 2009 the same group numbered 138 plans with $110.0B; by 2024 it was 91 plans (down 34%) and $143.2B (up 30%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $162,128 | $53,031 | $131,668 | $86,234 |
| Employer contributions per active participant | $7,045 | $2,174 | $10,120 | $10,244 |
| Schedule C compensation per participant | $106 | $123 | $270 | $344 |
| Schedule C compensation, share of net assets | 0.07% | 0.26% | 0.20% | 0.42% |
| Administrative expenses per participant | $121 | $116 | $658 | $527 |
Medians across plans with 100 or more participants (59 DC and 31 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $73,631 | $162,128 | $252,647 | 59 |
| Employer contributions per active participant | $4,006 | $7,045 | $12,354 | 60 |
| Schedule C compensation per participant | $37.41 | $106 | $249 | 57 |
| Administrative expenses per participant | $42.19 | $121 | $205 | 55 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 91 | 506,381 | $143.2B | $3.13B | $2.43B | $162,128 | $106 |
| 2023 | 91 | 530,357 | $141.2B | $2.72B | $2.31B | $138,146 | $96.05 |
| 2022 | 97 | 526,180 | $130.8B | $6.31B | $2.14B | $116,952 | $89.41 |
| 2021 | 99 | 544,420 | $151.8B | $3.09B | $2.06B | $154,999 | $90.75 |
| 2020 | 101 | 617,998 | $152.8B | $4.78B | $2.43B | $145,887 | $86.14 |
| 2019 | 105 | 650,044 | $150.4B | $4.10B | $2.39B | $128,561 | $78.11 |
| 2018 | 114 | 697,977 | $134.7B | $5.10B | $2.28B | $108,041 | $68.62 |
| 2017 | 112 | 699,940 | $149.1B | $3.90B | $2.18B | $119,646 | $61.50 |
| 2016 | 111 | 719,671 | $140.7B | $5.28B | $2.25B | $97,726 | $30.34 |
| 2015 | 117 | 715,184 | $134.3B | $5.62B | $2.31B | $97,118 | $54.89 |
| 2014 | 124 | 738,820 | $144.9B | $3.47B | $2.25B | $100,397 | $37.70 |
| 2013 | 125 | 743,907 | $140.9B | $4.10B | $2.08B | $98,336 | $29.83 |
| 2012 | 130 | 797,185 | $132.5B | $3.54B | $2.11B | $89,525 | $27.12 |
| 2011 | 129 | 742,543 | $114.7B | $4.82B | $1.94B | $81,380 | $24.48 |
| 2010 | 137 | 815,853 | $121.6B | $6.16B | $1.95B | $77,727 | $16.76 |
| 2009 | 138 | 831,448 | $110.0B | $5.04B | $1.99B | $67,667 | $20.72 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 90 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 90 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Exxonmobil Pension Plan | Exxon Mobil Corporation | TX | DB | 60,890 | $11.2B | $184,201 | $13,497 | $158 |
| Chevron Retirement Plan | Chevron Corporation | TX | DB | 59,088 | $9.73B | $164,700 | $20,935 | — |
| Exxonmobil Savings Plan | Exxon Mobil Corporation | TX | DC | 37,812 | $23.6B | $625,145 | $11,514 | $26.89 |
| Chevron Employee Savings Investment Plan | Chevron Corporation | TX | DC | 35,035 | $20.4B | $581,667 | $14,405 | $91.53 |
| Shell Pension Plan | Shell USA, Inc. | TX | DB | 31,775 | $9.57B | $301,059 | $12,288 | $84,184 |
| BP Retirement Accumulation Plan | BP Corporation North America Inc. | TX | DB | 28,766 | $5.28B | $183,389 | — | $88.39 |
| Marathon Petroleum Thrift Plan | Marathon Petroleum Company LP | OH | DC | 28,057 | $8.33B | $296,722 | $9,840 | $63.77 |
| Shell Provident Fund | Shell USA, Inc. | TX | DC | 24,265 | $11.5B | $474,216 | $17,371 | $426 |
| Marathon Petroleum Retirement Plan | Marathon Petroleum Company LP | OH | DB | 23,452 | $2.21B | $94,083 | $10,573 | $135 |
| BP Employee Savings Plan | BP Corporation North America Inc. | TX | DC | 19,857 | $8.26B | $416,159 | $13,670 | $31.90 |
| Phillips 66 Savings Plan | Phillips 66 Company | TX | DC | 17,993 | $7.67B | $426,525 | $12,756 | $249 |
| Phillips 66 Retirement Plan | Phillips 66 Company | TX | DB | 15,952 | $2.20B | $137,938 | $7,776 | $318 |
| Valero Energy Corporation Pension Plan | Valero Energy Corporation | TX | DB | 11,896 | $2.63B | $221,486 | $6,103 | $523 |
| Lyondellbasell Savings Plan | Lyondell Chemical Company | TX | DC | 10,398 | $2.67B | $256,924 | $7,283 | $128 |
| Valero Energy Corporation Thrift Plan | Valero Energy Corporation | TX | DC | 9,669 | $3.92B | $405,528 | $9,828 | — |
| Hess Corporation Employees' Pension Plan | Hess Corporation | TX | DB | 6,598 | $1.85B | $281,105 | — | $883 |
| Citgo Petroleum Corporation Salaried Employees' Pension Plan | Citgo Petroleum Corporation | TX | DB | 5,758 | $799M | $138,721 | $7,253 | $277 |
| Reh Services 401(k) Plan | Reh Services, LLC | UT | DC | 5,074 | $175M | $34,560 | $882 | $37.41 |
| HF Sinclair Corporation 401(k) Retirement Savings Plan | HF Sinclair Corporation | TX | DC | 5,004 | $1.17B | $233,708 | $15,932 | $144 |
| BP Directsave Plan | BP Corporation North America Inc. | TX | DC | 4,829 | $37.9M | $7,849 | $264 | $4.05 |
| Totalenergies Finance USA, Inc. Pension Plan | Totalenergies Finance USA, Inc. | TX | DB | 4,389 | $624M | $142,242 | $101,995 | $197 |
| Retirement Plan of Citgo Petroleum Corporation and Participating Subsidiary Companies | Citgo Petroleum Corporation | TX | DB | 3,961 | $489M | $123,436 | $3,093 | $209 |
| Citgo Petroleum Corporation Employees' Retirement and Savings Plan | Citgo Petroleum Corporation | TX | DC | 3,341 | $1.03B | $308,314 | $13,730 | $50.07 |
| Motiva Pension Plan | Motiva Enterprises, LLC | TX | DB | 3,120 | $491M | $157,289 | $14,011 | — |
| Motiva 401(k) and Savings Plan | Motiva Enterprises LLC | TX | DC | 3,110 | $888M | $285,469 | $12,028 | $173 |
| Hess Corporation Employees' Savings Plan | Hess Corporation | TX | DC | 2,994 | $1.12B | $374,954 | $18,788 | $38.96 |
| Retirement Plan of Murphy Oil Corporation | Murphy Oil Corporation | TX | DB | 2,852 | $397M | $139,228 | $34,867 | $426 |
| United Refining Company of PA Incentive Savings Plan | United Refining Company of Pennsylvania | PA | DC | 2,574 | $12.3M | $4,763 | $202 | $3.39 |
| Totalenergies Finance USA, Inc. Cash Balance Pension Plan | Totalenergies Finance USA, Inc. | TX | DB | 2,298 | $122M | $53,093 | $10,105 | $44.17 |
| Employees' Thrift Plan of Citgo Petroleum Corporation | Citgo Petroleum Corporation | TX | DC | 2,139 | $320M | $149,822 | $6,556 | $48.50 |
| Forum Energy Technologies, Inc. 401(k) Plan | Forum Energy Technologies, Inc. | TX | DC | 1,747 | $123M | $70,570 | $3,675 | $94.43 |
| Crown Central Retirement Plan | Rosemore, Inc. | MD | DB | 1,630 | $160M | $98,147 | — | $263 |
| BPX Energy Employee Savings Plan | BP Corporation North America Inc. | TX | DC | 1,452 | $366M | $252,289 | $26,852 | $64.41 |
| CVR Energy 401(k) Plan | CVR Services, LLC | TX | DC | 1,203 | $226M | $187,948 | $8,020 | $67.72 |
| Deer Park Refining, LP Retirement Benefits Plan | Deer Park Refining, LP | TX | DC | 1,109 | $118M | $106,615 | $19,543 | $45.03 |
| The Murphy Oil Corporation 401(k) Plan | Murphy Oil Corporation | TX | DC | 1,088 | $217M | $199,158 | $9,003 | $9.52 |
| Flint Hills Resources Pension Plan | Flint Hills Resources Pine Bend, LLC | KS | DB | 1,041 | $76.5M | $73,490 | $10,699 | $94.67 |
| Premcor Retirement Savings Plan | Valero Energy Corporation | TX | DC | 1,012 | $361M | $356,621 | $9,257 | — |
| Lima Refining Company and Superior Refining Company LLC 401(k) Plan | Lima Refining Company | OH | DC | 938 | $152M | $162,128 | $15,620 | $21.28 |
| Cenovus Non-Represented 401(k) Plan | Lima Refining Company | OH | DC | 914 | $184M | $201,211 | $15,230 | $15.52 |
By plan size
By state
Questions and answers
How many retirement plans are there in petroleum refineries (including integrated)?
91 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 105 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in petroleum refineries (including integrated)?
The median defined contribution plan reported $162,128 in net assets per participant (middle half of plans: $73,631 to $252,647); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in petroleum refineries (including integrated)?
The median defined contribution plan received $7,045 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in petroleum refineries (including integrated)?
Among defined contribution plans that report any Schedule C compensation, the median was $106 per participant and 0.07% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.