Retirement plan

CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN

Name: CHEVRON CORPORATION - CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN (2023) 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 2023

5001 EXECUTIVE PARKWAY, SUITE 200 - SAN RAMON, CA 94583713-372-4335chevron.comLinkedIn10001+ employeesoil & energy

Other plans on this EIN

4 filings

#006Retirement-$9.46B assets #072Retirement-$58.0M assets #052Retirement-$17.2M assets #051Retirement-$6.7M assets

Prospect flagsLow returnsHigh 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.

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Total assets (EOY)

$18940.4M

+1.8% from 2022

Total participants

35,056

+3.4% from 2022

Average account balance

$547,188

-3.2% from 2022

Annual return

7.35%

+3.32 pp from 2022

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2023

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$2,537,719
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$205,168
WILLIS TOWERS WATSON US LLC5 years Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 53-0181291	Consulting	$151,173
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPFINANCIAL PARTNERS Service code 16 · EIN 26-0058143	Consulting	$95,000
SEYFARTH SHAW LLP7 years Service code 29 · EIN 36-2152202	Legal	$77,280
GRANT THORNTON LLP3 years Service code 10 · EIN 36-6055558	Accounting	$75,340
CHEVRON CORPORATION9+ years Service code 15 · EIN 94-0890210	Recordkeeping	$32,205
ADVANTAGE BENEFITS CONSULTANTS INC1 year Filed as: ADVANTAGE MAILING, LLC Service code 49 1600 N KRAEMER BLVD · ANAHEIM, CA 92806	Other Services	$15,787
INFORMA INVESTMENTS SOLUTIONS4 years Service code 16 · EIN 04-2705709	Consulting	$13,239

Plan features & details

Pension benefit codes2E2F2G2J2K2P2R2T3H

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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$3.2M

$148 / participant

Recordkeeping$1M36.8%
Investment mgmt$750K23.5%
Legal$79K2.5%
Salaries / allowances$32K1.0%
Other trustee fees$1M33.8%
Other / not subdivided$75K2.4%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $75,340
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$547,188

$225,491+142.7%

$98,461+455.7%

$96,393+467.7%

Participation rate

97.9%

87.3%+10.6pp

75.2%+22.8pp

71.3%+26.7pp

Annual return

7.35%

19.53%-12.2pp

21.17%-13.8pp

22.88%-15.5pp

Employer contribution / active EE

$14,565

$8,386+73.7%

$3,049+377.8%

$3,239+349.7%

Participant deferral / active EE

$18,109

$10,872+66.6%

$4,738+282.2%

$5,455+232.0%

Admin fee / account holder

$92

$87+6.0%

$8,961-99.0%

$74+24.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$2,537,719

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$205,168

WILLIS TOWERS WATSON US LLC5 years

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 53-0181291

Consulting

$151,173

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPFINANCIAL PARTNERS

Service code 16 · EIN 26-0058143

Consulting

$95,000

SEYFARTH SHAW LLP7 years

Service code 29 · EIN 36-2152202

Legal

$77,280

GRANT THORNTON LLP3 years

Service code 10 · EIN 36-6055558

Accounting

$75,340

CHEVRON CORPORATION9+ years

Service code 15 · EIN 94-0890210

Recordkeeping

$32,205

ADVANTAGE BENEFITS CONSULTANTS INC1 year

Filed as: ADVANTAGE MAILING, LLC

Service code 49

1600 N KRAEMER BLVD · ANAHEIM, CA 92806

Other Services

$15,787

INFORMA INVESTMENTS SOLUTIONS4 years

Service code 16 · EIN 04-2705709

Consulting

$13,239

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