Plan Snapshot
- Plan Sponsor: Phillips 66 Company
- Sponsor EIN: 371652702
- Sponsor Address: TOTAL REWARDS DEPARTMENT, HOUSTON, TX, 772421959
- Plan Type: DB
- Total Participants: 11,317
- Total Assets: $2.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,317 | $2.2B | $88.0M | $0 |
| 2023 | 11,709 | $2.2B | $0 | $0 |
| 2022 | 10,346 | $2.1B | $350.0M | $0 |
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 |
|---|---|---|---|---|
| JPMORGAN CHASE BANK, NATIONAL ASSOC | Investment Advisor | $1,440,334 | — | $1,440,334 |
| BLACKROCK INSTITUTIONAL TRUST COMPA | Investment Advisor | $694,417 | — | $694,417 |
| LAZARD ASSET MANAGEMENT LLC | Investment Advisor | $679,035 | — | $679,035 |
| PRUDENTIAL TRUST CO. | Investment Advisor | $527,209 | — | $527,209 |
| NORTHERN TRUST COMPANY | Custodian / Trustee | $509,379 | — | $509,379 |
| BARROW, HANLEY, MEWHINNEY & STRAUSS | Investment Advisor | $374,770 | — | $374,770 |
| HSRE CORE PROPERTY FUND GP LLC | Investment Advisor | $365,030 | — | $365,030 |
| CREDIT SUISSE | Investment Advisor | $324,724 | — | $324,724 |
| MFS HERITAGE TRUST COMPANY | Investment Advisor | $192,289 | — | $192,289 |
| TOWERS WATSON INVESTMENT SERVICES | Investment Advisor | $139,294 | — | $139,294 |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | Investment Advisor | $71,678 | — | $71,678 |
| LEGAL & GENERAL INVESTMENT MANAGEME | Investment Advisor | $69,959 | — | $69,959 |
| PRINCIPAL GLOBAL INVESTORS | Investment Advisor | $37,545 | — | $37,545 |
| MELLON CAPITAL MANAGEMENT | Investment Advisor | $25,289 | — | $25,289 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN CHASE BANK, NATIONAL ASSOC — Investment Advisor
- GOLDMAN SACHS ASSET MANAGEMENT, LP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,450,952
- Estimated Expense Ratio: 0.247% 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 | $7,330,828 | $6,668,049 | $139,293 | — | — |
| 2023 | $5,797,325 | $4,581,005 | — | — | — |
| 2022 | $5,150,372 | $5,046,805 | — | — | $160,873 |