Plan Snapshot
- Plan Sponsor: Phillips 66 Company
- Sponsor EIN: 371652702
- Sponsor Address: P.O. BOX 421959, HOUSTON, TX, 772421959
- Plan Type: 401(k)
- Total Participants: 12,051
- Total Assets: $7.7B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 12,051 | $7.7B | $153.7M | $235.9M |
| 2023 | 12,476 | $7.6B | $199.2M | $225.0M |
| 2022 | 10,970 | $6.1B | $205.6M | $218.0M |
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 |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | NONE | $2,997,703 | — | $2,997,703 |
| THE VANGUARD GROUP, INC. | NONE | $739,479 | — | $739,479 |
| INVESCO CAPITAL MANAGEMENT | NONE | $705,211 | — | $705,211 |
| NORTHERN TRUST COMPANY | DIRECTED TRUSTEE | $33,013 | — | $33,013 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — NONE
- THE VANGUARD GROUP, INC. — NONE
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,475,406
- Estimated Expense Ratio: 0.058% 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 | $3,640,397 | — | — | — | — |
| 2023 | $3,424,305 | $2,385,034 | — | — | — |
| 2022 | $3,071,878 | — | — | — | — |