Exxon Mobil 401(k) match, vesting and fees
What Exxon Mobil's 401(k) plan says about matching contributions
The Plan permits participant contributions that range from 6 percent to 20 percent of each participant’s eligible pay. The Company matches only the minimum 6 percent contribution in an amount equal to 7 percent of a participant’s eligible pay.
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 | Audit report, p. 30 ↗ |
| Match vesting | Participants are immediately vested in their contributions and all earnings. Company contributions vest at 100 percent upon the earliest of completion of 3 years of vesting service, reaching age 65 while employed, or death while an employee. | Audit report, p. 30 ↗ |
| Roth contributions | Employees who are at least age 50 during the plan year and who maximize the combination of their regular pretax and Roth contributions may elect to make additional contributions. | Audit report, p. 30 ↗ |
| Loans | Other Plan provisions including eligibility, enrollment, participation, forfeiture, loans, benefit payments (including withdrawals and distributions), and investment options are described in the Plan Document. | Audit report, p. 30 ↗ |
| Independent auditor | Pricewaterhousecoopers LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Exxon Mobil: employer contribution per participant | $7,785 | |
| Peer median | $3,733 |
| Exxon Mobil: average balance | $666,723 | |
| Peer median | $157,962 |
| Exxon Mobil: admin expenses ÷ assets | 0.00% | |
| 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 $21.8B at the end of plan year 2023 to $23.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 37,812 | $23.6B | $276M | $7,785 | 0.00% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 36,452 | $21.8B | $266M | $7,531 | 0.00% | Not published | Form 5500 ↗ |
Other Exxon Mobil plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Exxonmobil Pension 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 | Alight Solutions Lcc | Schedule C ↗ |
| Independent auditor | Pricewaterhouse Coopers LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Exxon Mobil match 401(k) contributions?
The audit report attached to the Exxonmobil Savings Plan's plan year 2024 Form 5500, page 30 says: “The Plan permits participant contributions that range from 6 percent to 20 percent of each participant’s eligible pay. The Company matches only the minimum 6 percent contribution in an amount equal to 7 percent of a participant’s eligible pay.” Plan terms may have changed; check your current Summary Plan Description.
When is the Exxon Mobil 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Participants are immediately vested in their contributions and all earnings. Company contributions vest at 100 percent upon the earliest of completion of 3 years of vesting service, reaching age 65 while employed, or death while an employee.”
Who manages the Exxon Mobil 401(k)?
The filing names Administrator - Benefits as plan administrator; it does not list a recordkeeper.
I left Exxon Mobil. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrator - Benefits, (832) 624-6731). The Exxon Mobil old 401(k) page lists the contacts from every plan filing. Find an old Exxon Mobil 401(k)
Data from the public Form 5500 annual reports Exxon Mobil filed with the U.S. Department of Labor (plan years 2023 and 2024) 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 Exxon Mobil. Not financial advice. Report a correction · Methodology