Occidental Petroleum Corporation 401(k) Review & Grade
Occidental Petroleum Corporation Savings Plan
Houston, TXMining, Oil & Gas9,184 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,146Employer $ per active participant
$15,319Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$3.5BNet plan assets, end of year
$277,074Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 70th |
| Employee saving | 96th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Occidental Petroleum put in about $11,146 per active participant, more than the typical peer ($2,062). 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 | $102,366,193 |
| Participant (employee) contributions | $140,690,507 |
| Other contributions (incl. rollovers in) | $18,536,649 |
| Administrative expenses paid from the plan | $2,289,537 |
| Other admin expenses | $2,289,537 |
| Benefits paid out | $263,174,219 |
| Net assets, start / end of year | $3.3B / $3.5B |
| Active participants, start / end of year | 8,835 / 9,533 |
| Participants with account balances | 12,759 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver & Tidwell LLP |
| Employer stock held by plan | $583,386,637 |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930145315NAL0005551923001, received 2025-09-30, EIN 95-4035997, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.