Defined Benefit (Pension) · DOL Form 5500 · 2024
Phillips 66 Company Pension Plan
Data updated 2026-08-06
- $2.2B
- Total assets
- 11,709
- Participants
- 99th
- Percentile by assets
- $188,560
- Avg per participant
Official DOL plan name: Phillips 66 Retirement Plan · Sponsored by Phillips 66 Company · Texas · Manufacturing
$2.2B in assets, 11,709 participants
Phillips 66 Company's Phillips 66 Retirement Plan reported $2.2B in total assets and 11,709 participants in its 2024 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 116,472 plans)
Coverage in Texas
Phillips 66 Retirement Plan covers 11,709 participants in Texas, 17x the typical Texas plan (state average ~704 per filing). Assets: $2.2B.
- $2.2B
- total plan assets (2024 EOY)
- 11,709
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $188,560
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Phillips 66 Retirement Plan reported net income rose from $28M in the plan year 2023 filing to $54M in the plan year 2024 filing.
- Phillips 66 Retirement Plan reported participants rose from 10,346 in the plan year 2023 filing to 11,709 in the plan year 2024 filing.
- Phillips 66 Retirement Plan end-of-year assets rose from $2.2B in the plan year 2023 filing to $2.2B in the plan year 2024 filing.
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Phillips 66 Retirement Plan reports 11,709 participants - 17x that state average ($2.2B EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $2.2B |
|---|---|
| Net Assets (End of Year) | $2.2B |
| Net Income | $54M |
| 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 $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
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.
- Marathon Petroleum Retirement Plan (OH) $2.2B · 17,916
- The Keyspan Retirement Plan (NY) $2.2B · 2,580
- Transamerica Pension Plan (IA) $2.2B · 7,170
- The National Football League Club Employees Pension Plan (MD) $2.2B · 4,720
Frequently Asked Questions
How did Phillips 66 Retirement Plan assets move in 2024? ▼
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
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 371652702.
Read our methodology - how this data is sourced, computed, and verified.