Plan Snapshot
- Plan Sponsor: Chevron Corporation
- Sponsor EIN: 940890210
- Sponsor Address: 1400 SMITH STREET, HOUSTON, TX, 77002
- Plan Type: 401(k)
- Total Participants: 22,195
- Total Assets: $20.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 22,195 | $20.4B | $319.7M | $403.9M |
| 2023 | 21,505 | $18.9B | $313.2M | $389.4M |
| 2022 | 20,352 | $18.6B | $290.4M | $348.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $2,893,571 | — | $2,893,571 |
| WITHUMSMITH+BROWN, PC | Auditor | $75,000 | — | $75,000 |
| GRANT THORNTON LLP | ACCOUNTANT/AUDITOR | $75,000 | — | $75,000 |
| STATE STREET GLOBAL ADVISORS | INVESTMENT ADVISOR | $66,667 | — | $66,667 |
| SEYFARTH SHAW LLP | LEGAL | $50,768 | — | $50,768 |
| CHEVRON CORPORATION | PLAN SPONSOR | $49,648 | — | $49,648 |
| WILLIS TOWERS WATSON | CONSULTANT | $42,446 | — | $42,446 |
| CAPFINANCIAL PARTNERS | CONSULTANT | $15,000 | — | $15,000 |
| INFORMA INVESTMENTS SOLUTIONS | CONSULTANT | $13,764 | — | $13,764 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- WITHUMSMITH+BROWN, PC — Auditor
- GRANT THORNTON LLP — ACCOUNTANT/AUDITOR
- SEYFARTH SHAW LLP — LEGAL
- WILLIS TOWERS WATSON — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,281,864
- Estimated Expense Ratio: 0.016% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,987,346 | $920,279 | $98,676 | $75,000 | — |
| 2023 | $3,193,201 | $749,878 | — | $75,340 | — |
| 2022 | $3,761,408 | — | — | — | $3,761,408 |