Defined Benefit (Pension) · DOL Form 5500 · 2022
Phillips 66 Company Pension Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 11,398
- Participants
- 99th
- Percentile by assets
- $186,459
- Avg per participant
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.
- 99th percentile by assets (of 139,126 plans)
- #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.
- $2.1B
- total plan assets (2022 EOY)
- 11,398
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $186,459
- avg assets per participant
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.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Phillips 66 Retirement Plan reports 11,398 participants - 17x that state average ($2.1B EOY assets).
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)
| 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.
Phillips 66 Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Phillips 66 Retirement Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Phillips 66 Retirement Plan assets move in 2022? ▼
How have Phillips 66 Company plan assets changed over time? ▼
Where does Phillips 66 Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Phillips 66 Retirement Plan? ▼
Next read for Phillips 66 Retirement Plan
Filing takeaways
Ways to act on Phillips 66 Retirement Plan's numbers.
- By total assets, Phillips 66 Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Phillips 66 Company's sponsor-wide assets have grown 11.7% since 2022 across 3 plan years on file. More Manufacturing plans