Defined Benefit (Pension) · DOL Form 5500 · 2023
Phillips 66 Company Pension Plan
Data updated 2026-08-25
- $2.2B
- Total assets Very large vs avg
- 10,346
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $208,585
- Avg per participant Above avg balance/head
Official DOL plan name: Phillips 66 Retirement Plan · Sponsored by Phillips 66 Company · Texas · Manufacturing
$2.2B in assets, 10,346 participants
Phillips 66 Company's Phillips 66 Retirement Plan reported $2.2B in total assets and 10,346 participants in its 2023 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.
- #18,495 in Manufacturing (18,722 peers)
Coverage in Texas
Phillips 66 Retirement Plan covers 10,346 participants in Texas, 15x the typical Texas plan (state average ~688 per filing). Assets: $2.2B.
- #18,495
- in Manufacturing (18,722 peers)
- +1.5%
- assets growth YoY
- 22×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$2,158,023,187 Top 1% higher than 99% 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 Retirement 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 Retirement Plan is a mega filing (10,346 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Phillips 66 Retirement Plan reported net income rose from -$506M in the plan year 2022 filing to $28M in the plan year 2023 filing.
- Phillips 66 Retirement Plan reported participants fell from 11,398 in the plan year 2022 filing to 10,346 in the plan year 2023 filing.
- Phillips 66 Retirement Plan end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.2B in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 371652702 · Phillips 66 Company PY 2023 · Defined Benefit (Pension)
Phillips 66 Retirement Plan · $2.2B · 10,346 · 99th
- PHOTO $2.2B
- PHOTO 10,346
- PHOTO 99th
- PHOTO Defined Benefit (Pension)
- PHOTO near Ohio Carpenters' Pension Plan
- PHOTO ind #18495
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) | $2.1B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | $28M |
| 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 $30.0B · 107,859
- Shell Pension Plan $15.1B · 12,215
- Exxonmobil Pension Plan $12.0B · 22,551
- Caterpillar Inc. Retirement Income Plan $9.8B · 12,138
- Bp Retirement Accumulation Plan $5.5B · 9,360
Scale composition for Phillips 66 Retirement Plan
Phillips 66 Retirement Plan reports $2.2B in end-of-year assets across 10,346 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $208,585 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2023 was $28M.
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 | Open filing |
| 2023 | 10,346 | $2.2B | This page |
| 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 Ohio Carpenters' Pension Plan in MI ($2.2B); by covered participants it is Western Conference of Teamsters Supp Benefit Plan in CA (10,355 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.2B here).
- Ohio Carpenters' Pension Plan (MI) $2.2B · 10,351
- Nestle Pension Plan (OH) $2.2B · 11,838
- Twin City Hospitals - Minnesota Nurses Association Pension Plan (MN) $2.2B · 15,517
- Carpenters Pension Fund of Illinois (IL) $2.1B · 4,750
Similar participant headcount
Nearest other-state filings by covered participants (10,346 participants); asset peers above are excluded.
- Western Conference of Teamsters Supp Benefit Plan (CA) 10,355 · 9 off
- Western Washington Laborers-Employers Pension Plan (WA) 10,417 · 71 off
- Producer-Writers Guild of America Pension Plan (CA) 10,450 · 104 off
- Rush Retirement Plan (IL) 10,468 · 122 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.