401(k) · DOL Form 5500 · 2023
Phillips 66 Company 401(k) Plan
Data updated 2026-08-25
- $7.6B
- Total assets Very large vs avg
- 10,970
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $691,913
- Avg per participant High balance/head
Official DOL plan name: Phillips 66 Savings Plan · Sponsored by Phillips 66 Company · Texas · Manufacturing
$7.6B in assets, 10,970 participants
Phillips 66 Company's Phillips 66 Savings Plan reported $7.6B in total assets and 10,970 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #18,646 in Manufacturing (18,722 peers)
Coverage in Texas
Phillips 66 Savings Plan covers 10,970 participants in Texas, 16x the typical Texas plan (state average ~688 per filing). Assets: $7.6B.
- #18,646
- in Manufacturing (18,722 peers)
- +25.2%
- assets growth YoY
- 76×
- vs typical plan assets (national mean)
Phillips 66 Savings Plan's outsized position by total assets
Phillips 66 Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$7,590,283,897 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Phillips 66 Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phillips 66 Savings Plan is a mega filing (10,970 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Phillips 66 Savings Plan reported net income rose from -$303M in the plan year 2022 filing to $831M in the plan year 2023 filing.
- Phillips 66 Savings Plan end-of-year assets rose from $6.1B in the plan year 2022 filing to $7.6B in the plan year 2023 filing.
- Phillips 66 Savings Plan reported participants fell from 12,106 in the plan year 2022 filing to 10,970 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 371652702 · Phillips 66 Company PY 2023 · 401(k)
Phillips 66 Savings Plan · $7.6B · 10,970 · 100th
- PCT $7.6B
- PCT 10,970
- PCT 100th
- PCT 401(k)
- PCT near Astrazeneca Savings and Security Plan
- PCT ind #18646
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 Savings Plan in the asset neighbourhood
Texas filing particulars
| Total Assets (Beginning of Year) | $6.1B |
|---|---|
| Net Assets (End of Year) | $7.6B |
| Net Income | $831M |
| 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 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- AT&T Retirement Savings Plan $40.0B · 119,854
- Exxonmobil Savings Plan $21.9B · 23,477
- Caterpillar 401(k) Savings Plan $16.5B · 41,679
- American Airlines, Inc. 401(k) Plan $14.7B · 88,792
- Dell Inc. 401(k) Plan $13.5B · 45,686
Scale composition for Phillips 66 Savings Plan
Phillips 66 Savings Plan reports $7.6B in end-of-year assets across 10,970 participants (0.062% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $691,913 per participant (5.0x the national average assets-per-participant) . Net income for plan year 2023 was $831M.
This plan identity (EIN 371652702, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $6.1B to $7.7B (+26.6%) while covered participants moved from 12,106 to 12,476 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,106 | $6.1B | Open filing |
| 2023 | 10,970 | $7.6B | This page |
| 2024 · index core | 12,476 | $7.7B | 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 Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Texas, the nearest 401(k) by assets is Astrazeneca Savings and Security Plan in DE ($7.6B); by covered participants it is Robinson Companies Retirement Plan in MN (10,967 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7.6B here).
- Astrazeneca Savings and Security Plan (DE) $7.6B · 13,734
- Warner Bros. Discovery 401(k) Savings Plan (NY) $7.6B · 20,814
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees (MI) $7.6B · 59,195
- Nationwide Savings Plan (OH) $7.6B · 24,715
Similar participant headcount
Nearest other-state filings by covered participants (10,970 participants); asset peers above are excluded.
- Robinson Companies Retirement Plan (MN) 10,967 · 3 off
- Werner Enterprises, Inc. and Subsidiaries Employees' 401(k) Retirement Plan Savings Plan (NE) 10,975 · 5 off
- Mohawk Industries Retirement Plan 1 (GA) 10,965 · 5 off
- Servicenow, Inc. 401(k) Plan (CA) 10,956 · 14 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.