Chevron Corporation 401(k) Review & Grade
Chevron Employee Savings Investment Plan
Houston, TXManufacturing21,850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,633Employer $ per active participant
$18,487Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$20.4BNet plan assets, end of year
$592,921Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 94th |
| Employee saving | 93th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Chevron put in about $14,633 per active participant, more than the typical peer ($5,480). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $319,724,723 |
| Participant (employee) contributions | $403,931,580 |
| Other contributions (incl. rollovers in) | $56,954,362 |
| Administrative expenses paid from the plan | $2,987,346 |
| Contract administrator fees | $98,676 |
| Investment advisory & management fees | $920,279 |
| Benefits paid out | $1,688,168,281 |
| Net assets, start / end of year | $18.9B / $20.4B |
| Active participants, start / end of year | 21,505 / 22,195 |
| Participants with account balances | 34,370 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith+brown, PC |
| Employer stock held by plan | $4,807,815,608 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $2,893,571 reported compensation |
| Grant Thornton LLP | $75,000 reported compensation |
| State Street Global Advisors | $66,667 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085817NAL0002451201001, received 2025-10-14, EIN 94-0890210, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.