401(k) · DOL Form 5500 · 2023
Phillips 66 Company 401(k) Plan
Data updated 2026-08-06
- $7.6B
- Total assets
- 10,970
- Participants
- 100th
- Percentile by assets
- $691,913
- Avg per participant
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.
- 100th percentile by assets (of 126,618 plans)
- #18,596 in Manufacturing (18,672 peers)
Coverage in Texas
Phillips 66 Savings Plan covers 10,970 participants in Texas, 16x the typical Texas plan (state average ~704 per filing). Assets: $7.6B.
- $7.6B
- total plan assets (2023 EOY)
- 10,970
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $691,913
- avg assets per participant
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.
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Phillips 66 Savings Plan reports 10,970 participants - 16x that state average ($7.6B EOY assets).
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)
| 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.
Phillips 66 Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
- 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 (0.065% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.012% of 89,805,449 covered participants) - about $691,913 per participant (5.1x 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Phillips 66 Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Phillips 66 Savings Plan assets move in 2023? ▼
How have Phillips 66 Company plan assets changed over time? ▼
Where does Phillips 66 Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Phillips 66 Savings Plan? ▼
Next read for Phillips 66 Savings Plan
Filing takeaways
Ways to act on Phillips 66 Savings Plan's numbers.
- By total assets, Phillips 66 Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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