Defined Benefit (Pension) · DOL Form 5500 · 2023
Chevron Corporation Pension Plan
Data updated 2026-08-25
- $9.5B
- Total assets Very large vs avg
- 20,576
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $459,538
- Avg per participant High balance/head
Official DOL plan name: Chevron Retirement Plan · Sponsored by Chevron Corporation · California · Manufacturing
$9.5B in assets, 20,576 participants
Chevron Corporation's Chevron Retirement Plan reported $9.5B in total assets and 20,576 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.
- #18,663 in Manufacturing (18,722 peers)
Coverage in California
Chevron Retirement Plan covers 20,576 participants in California, 33x the typical California plan (state average ~630 per filing). Assets: $9.5B.
- #18,663
- in Manufacturing (18,722 peers)
- +12.4%
- assets growth YoY
- 95×
- vs typical plan assets (national mean)
Chevron Retirement Plan's outsized position by total assets
Chevron Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$9,455,448,062 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
Chevron 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. Chevron Retirement Plan is a mega filing (20,576 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Chevron Retirement Plan reported net income rose from -$2.0B in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
- Chevron Retirement Plan end-of-year assets rose from $8.4B in the plan year 2022 filing to $9.5B in the plan year 2023 filing.
- Chevron Retirement Plan reported participants rose from 19,629 in the plan year 2022 filing to 20,576 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 940890210 · Chevron Corporation PY 2023 · Defined Benefit (Pension)
Chevron Retirement Plan · $9.5B · 20,576 · 100th
- VS-ST $9.5B
- VS-ST 20,576
- VS-ST 100th
- VS-ST Defined Benefit (Pension)
- VS-ST near UPS Pension Plan
- VS-ST ind #18663
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 California →
Chevron Retirement Plan in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $8.4B |
|---|---|
| Net Assets (End of Year) | $9.5B |
| Net Income | $1.0B |
| Employer EIN | 940890210 |
| Plan Effective Date | 1933-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Chevron Corporation)
Sponsor-wide plan assets over time
All Chevron Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $30.2B 11.49491452491186% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 39,783 | $27.1B |
| 2023 | 5 | 41,131 | $28.5B |
| 2024 | 6 | 43,012 | $30.2B |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Kaiser Permanente Retirement Plan $33.5B · 127,356
- Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
- Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
- Disney Salaried Pension Plan D $10.1B · 10,813
Scale composition for Chevron Retirement Plan
Chevron Retirement Plan reports $9.5B in end-of-year assets across 20,576 participants (0.077% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $459,538 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2023 was $1.0B.
This plan identity (EIN 940890210, plan #006) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.4B to $9.7B (+15.7%) while covered participants moved from 19,629 to 21,297 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 19,629 | $8.4B | Open filing |
| 2023 | 20,576 | $9.5B | This page |
| 2024 · index core | 21,297 | $9.7B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Chevron Employee Savings Investment Plan (401(k), $20.4B, 21,505 participants)
- Chevron Retirement Plan (Defined Benefit (Pension), $9.7B, 21,297 participants)
Chevron Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is UPS Pension Plan in GA ($9.7B); by covered participants it is United Food & Commercial Workers Intl Union - Industry Pension Fund in IL (20,680 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.5B here).
- UPS Pension Plan (GA) $9.7B · 153,217
- Caterpillar Inc. Retirement Income Plan (TX) $9.8B · 12,138
- New England Teamsters Pension Fund (MA) $9.1B · 21,786
- Retirement Plan of International Paper Company (TN) $8.8B · 20,164
Similar participant headcount
Nearest other-state filings by covered participants (20,576 participants); asset peers above are excluded.
- United Food & Commercial Workers Intl Union - Industry Pension Fund (IL) 20,680 · 104 off
- Employees' Retirement Plan of Duke University (NC) 21,020 · 444 off
- The Hcsc Employee Pension Plan (TX) 21,042 · 466 off
- Oregon Retail Employees Pension Plan (OR) 20,043 · 533 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.