ConocoPhillips 401(k) match, vesting and fees
What ConocoPhillips' 401(k) plan says about matching contributions
Employees who participate in the Plan and contribute at least 1 percent of their eligible pay receive a 6 percent company cash match with a potential company discretionary cash contribution of up to 6 percent. For the plan year ended December 31, 2024, a company discretionary cash contribution of 5 percent was approved for January through June and 3 percent was approved for July through December.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 29 ↗ |
| Match vesting | Participants are immediately vested in their own contributions, company match and discretionary contributions. Participants in the CRC are 100% vested after three years of service with the Company. | 2024 audit report, p. 29 ↗ |
| Loans | Active employee participants can request a loan from their account in the Plan. The minimum loan is $1,000. Generally, the maximum loan is the lesser of $50,000 or one-half of the vested value of the participant’s account. For those eligible for loans, three outstanding loans are available at any one time, one of which can be a home loan. Generally, the maximum term of a home loan is 238 months, and the maximum term of a general purpose loan is 58 months. | 2024 audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | 2025 Schedule C ↗ |
| Independent auditor | Ernst & Young (unmodified opinion) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 49 defined-contribution plans with 10,000 to 49,999 participants.
| ConocoPhillips: employer contribution per participant | $10,364 | |
| Peer median | $2,223 |
| ConocoPhillips: average balance | $548,714 | |
| Peer median | $94,186 |
| ConocoPhillips: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6.8B at the end of plan year 2021 to $7.8B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 14,304 | $7.8B | $148M | $10,364 | 0.02% | Not published | Form 5500 ↗ |
| 2024 | 13,175 | $6.7B | $152M | $11,554 | 0.02% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 11,826 | $6.8B | $155M | $13,110 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 11,934 | $6.5B | $137M | $11,478 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 10,869 | $6.8B | $85.1M | $7,849 | 0.03% | Not published | Form 5500 ↗ |
Other ConocoPhillips plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Conocophillips Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Inv. Inst. Ops. Co. | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does ConocoPhillips match 401(k) contributions?
The audit report attached to the Conocophillips Savings Plan's plan year 2024 Form 5500, page 29 says: “Employees who participate in the Plan and contribute at least 1 percent of their eligible pay receive a 6 percent company cash match with a potential company discretionary cash contribution of up to 6 percent. For the plan year ended December 31, 2024, a company discretionary cash contribution of 5 percent was approved for January through June and 3 percent was approved for July through December.” Plan terms may have changed; check your current Summary Plan Description.
When is the ConocoPhillips 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are immediately vested in their own contributions, company match and discretionary contributions. Participants in the CRC are 100% vested after three years of service with the Company.”
Who manages the ConocoPhillips 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is Conocophillips Company Benefits Committee.
I left ConocoPhillips. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Conocophillips Company Benefits Committee, (918) 661-6199) or the recordkeeper, Fidelity Investments Institutional. The ConocoPhillips old 401(k) page lists the contacts from every plan filing. Find an old ConocoPhillips 401(k)
Data from the public Form 5500 annual reports ConocoPhillips filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with ConocoPhillips. Not financial advice. Report a correction · Methodology