Plan Ledger DOL Form 5500 · updated monthly

Chevron Corporation401(k) + ESOP (KSOP)

CHEVRON EMPLOYEE SAVINGS INVESTMENT PLAN · SAN RAMON, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Chevron Corporation reported $2,987,346 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,405 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.020% to 0.015%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 9th-largest of 9,483 plans among California employers on file, and the 15th of 13,661 in manufacturing. In 2024, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,378,704,663
Participants with balances34,370
Active participants22,195
Employer contributions$319,724,723
Employee contributions$403,931,580
Employer contribution per active participant$14,405
Average account balance$592,921
Benefits paid to participants$1,688,168,281
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.4B · 34,370 accts · $319.7M emplr
2023$18.9B · 34,614 accts · $313.2M emplr
2022$18.6B · 32,928 accts · $290.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$939,300
Investment management$920,279
Audit (IQPA)$75,000
Total administrative$2,987,346
The Chevron Corporation 401(k) match · 2024
Employer contribution per active participant$14,405
Median for plans this size$5,259
2024$14,405 per active participant
2023$14,565 per active participant
2022$14,268 per active participant

Chevron Corporation's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20249
CHEVRON CORPORATION · Recordkeeping · Consulting$49,648
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$2,893,571
GRANT THORNTON LLP · Accounting / audit$75,000
STATE STREET GLOBAL ADVISORS · Investment advisory (plan)$66,667
SEYFARTH SHAW LLP · Legal$50,768
WILLIS TOWERS WATSON · Consulting$42,446
CAPFINANCIAL PARTNERS · Consulting$15,000
INFORMA INVESTMENTS SOLUTIONS · Consulting · Other services$13,764
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024CHEVRON CORPORATION
2023CHEVRON CORPORATION

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,987,346 · 0.02%
2023$3,193,201 · 0.02%
2022$3,761,408 · 0.02%
Same employer
Similar plansManufacturing · California
Cisco Systems,Inc. CA$26.4B · 0.03%
Intel Corporation CA$24.8B · 0.00%
Apple Inc. CA$24.7B · 0.03%
Genentech, Inc. CA$14.3B · 0.01%
Amgen Inc. CA$7.7B · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940890210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.