Defined Benefit (Pension) · DOL Form 5500 · 2022
Phillips 66 Company Pension Plan
Data updated 2026-08-25
- $2.1B
- Total assets Very large vs avg
- 11,398
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $186,459
- Avg per participant Above avg balance/head
Official DOL plan name: Phillips 66 Retirement Plan · Sponsored by Phillips 66 Company · Texas · Manufacturing
$2.1B in assets, 11,398 participants
Phillips 66 Company's Phillips 66 Retirement Plan reported $2.1B in total assets and 11,398 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,402 in Manufacturing (20,602 peers)
Coverage in Texas
Phillips 66 Retirement Plan covers 11,398 participants in Texas, 17x the typical Texas plan (state average ~688 per filing). Assets: $2.1B.
- #20,402
- in Manufacturing (20,602 peers)
- -19.4%
- assets change YoY
- 21×
- vs typical plan assets (national mean)
The plan reported a net loss of $506M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Phillips 66 Retirement Plan's outsized position by total assets
Phillips 66 Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,125,259,993 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Phillips 66 Retirement Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phillips 66 Retirement Plan is a mega filing (11,398 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 371652702 · Phillips 66 Company PY 2022 · Defined Benefit (Pension)
Phillips 66 Retirement Plan · $2.1B · 11,398 · 99th
- EBSA $2.1B
- PART 11,398
- TYPE 99th
- NET Defined Benefit (Pension)
- BOOK near Frontier Communications Pension Plan
- VS-ST ind #20402
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Texas →
Phillips 66 Retirement Plan in the asset neighbourhood
Texas filing particulars
| Total Assets (Beginning of Year) | $2.6B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | -$506M |
| Employer EIN | 371652702 |
| Plan Effective Date | 2012-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Phillips 66 Company)
Sponsor-wide plan assets over time
All Phillips 66 Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $9.9B 11.677702048578771% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 27,230 | $8.8B |
| 2023 | 2 | 21,316 | $9.7B |
| 2024 | 2 | 24,185 | $9.9B |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- AT&T Pension Benefit Plan $41.0B · 119,463
- Shell Pension Plan $14.6B · 12,912
- Exxonmobil Pension Plan $11.6B · 23,661
- Caterpillar Inc. Retirement Income Plan $9.5B · 12,815
- Bp Retirement Accumulation Plan $5.4B · 9,156
Scale composition for Phillips 66 Retirement Plan
Phillips 66 Retirement Plan reports $2.1B in end-of-year assets across 11,398 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $186,459 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2022 was -$506M.
This plan identity (EIN 371652702, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.2B (+3.9%) while covered participants moved from 11,398 to 11,709 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 11,398 | $2.1B | This page |
| 2023 | 10,346 | $2.2B | Open filing |
| 2024 · index core | 11,709 | $2.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Phillips 66 Savings Plan (401(k), $7.7B, 12,476 participants)
- Phillips 66 Retirement Plan (Defined Benefit (Pension), $2.2B, 11,709 participants)
Phillips 66 Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Texas, the nearest Defined Benefit (Pension) by assets is Frontier Communications Pension Plan in CT ($2.1B); by covered participants it is Disney Salaried Pension Plan D in CA (11,405 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.1B here).
- Frontier Communications Pension Plan (CT) $2.1B · 10,653
- The Hearst Corporation Retirement Plan (NC) $2.1B · 2,139
- Bell Helicopter Textron Master Retirement Plan (RI) $2.1B · 2,995
- Air Products and Chemicals, Inc. Pension Plan for Salaried Employees (PA) $2.1B · 1,169
Similar participant headcount
Nearest other-state filings by covered participants (11,398 participants); asset peers above are excluded.
- Disney Salaried Pension Plan D (CA) 11,405 · 7 off
- Pepsico Employees Retirement Plan I (NY) 11,386 · 12 off
- American Family Pension Plan (WI) 11,381 · 17 off
- Sharpsaver Retirement Plan (CA) 11,379 · 19 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.