Retirement plan

CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN

Name: CHEVRON CORPORATION - CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN (2024) Form 5500
Creator: CHEVRON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN, CHEVRON CORPORATION

CHEVRON CORPORATIONEIN 94-0890210Plan #001PY 2024

1400 SMITH STREET - HOUSTON, TX 77002713-372-4335chevron.comLinkedIn10001+ employeesoil & energy

Other plans on this EIN

5 filings

#006Retirement-$9.73B assets #072Retirement-$56.9M assets #002Retirement-$22.3M assets #052Retirement-$17.5M assets #051Retirement-$7.3M assets

Prospect flagsHigh assets / participantFailed to provide benefit

Top hat statement on fileNQDC

Filed January 17, 1997 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$20378.7M

+7.6% from 2023

Total participants

35,035

-0.1% from 2023

Average account balance

$592,921

+8.4% from 2023

Annual return

12.69%

+5.34 pp from 2023

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$20.38B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$593K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

34,370

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$723.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$87

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 9 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$2,893,571
GRANT THORNTON LLP4 years Service code 10 · EIN 36-6055558	Accounting	$75,000
STATE STREET GLOBAL ADVISORS1 year Service code 27 · EIN 81-4017137	Advisory (Plan)	$66,667
SEYFARTH SHAW LLP8 years Service code 29 · EIN 36-2152202	Legal	$50,768
CHEVRON CORPORATION10+ years Service code 15 · EIN 94-0890210	Recordkeeping	$49,648
WILLIS TOWERS WATSON US LLC6 years Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 53-0181291	Consulting	$42,446
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS Service code 16 · EIN 26-0058143	Consulting	$15,000
INFORMA INVESTMENTS SOLUTIONS5 years Service code 16 · EIN 04-2705709	Consulting	$13,764
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	-$212,287

Plan features & details

Pension benefit codes2F2G2J2K2T3H2R2O2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$135 / participant

Recordkeeping$841K28.1%
Investment mgmt$920K30.8%
Legal$83K2.8%
Salaries / allowances$118K4.0%
Other trustee fees$851K28.5%
Contract admin$99K3.3%
Other / not subdivided$75K2.5%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $75,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$592,921

$244,991+142.0%

$105,607+461.4%

$106,553+456.5%

Participation rate

97.0%

88.4%+8.6pp

75.3%+21.7pp

69.8%+27.2pp

Annual return

12.69%

13.48%-0.8pp

116.11%-103.4pp

17.37%-4.7pp

Employer contribution / active EE

$14,405

$8,816+63.4%

$3,167+354.9%

$3,359+328.9%

Participant deferral / active EE

$18,199

$11,442+59.1%

$5,011+263.2%

$5,562+227.2%

Admin fee / account holder

$87

$88-1.2%

$10,958-99.2%

$80+9.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$2,893,571

GRANT THORNTON LLP4 years

Service code 10 · EIN 36-6055558

Accounting

$75,000

STATE STREET GLOBAL ADVISORS1 year

Service code 27 · EIN 81-4017137

Advisory (Plan)

$66,667

SEYFARTH SHAW LLP8 years

Service code 29 · EIN 36-2152202

Legal

$50,768

CHEVRON CORPORATION10+ years

Service code 15 · EIN 94-0890210

Recordkeeping

$49,648

WILLIS TOWERS WATSON US LLC6 years

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 53-0181291

Consulting

$42,446

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS

Service code 16 · EIN 26-0058143

Consulting

$15,000

INFORMA INVESTMENTS SOLUTIONS5 years

Service code 16 · EIN 04-2705709

Consulting

$13,764

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

-$212,287

CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion