Chevron Corporation 401(k) employer contribution: 8% of pay
Chevron Employee Savings Investment Plan · CVX · CIK 93410
Employer contribution, as a share of pay
8%
Chevron Corporation contributes 8% of pay to the 401(k) of every employee who contributes at least 2% themselves.
Chevron filed two Form 11-K reports for plan year 2025, of which one has been read. The other report has not, so this page cannot say what the plan it covers pays.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Chevron puts in, and what the plan costs
What Chevron put into the plan, per active participant
$14,405
Chevron Corporation put $14,405 into this plan for each of its 22,195 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Chevron put in more per active participant than 93% of plans with 5,000+ participants in oil, gas and mining. The middle plan in that group of 31 reported $7,448. Oil, gas and mining comes from business code 324110, which Chevron entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Chevron pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 940890210, plan 001 · DOL EFAST2 ↗
The $14,405 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Chevron Corporation also files a Form 11-K, which states what the employer contributes for plan year 2025: the card below reads $3,960 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Chevron puts in
$3,960
a year, at a $49,500 salary.
Once the worker contributes 2% of pay, the employer adds 8% of pay, whatever the worker puts in above that.
The match paragraph, word for word
“The Plan has a fixed match feature. The Company will match 4 percent of regular pay to participants making basic contributions of 1 percent to the Plan or 8 percent of regular pay to participants making basic contributions of 2 percent to the Plan. The Code limits the amount of compensation that can be taken into account when calculating participant and company matching contributions to the Plan; for the year 2025, company matching contributions ceased when a participant reached regular pay of $350,000.”
What you contribute to collect all of it
Contribute at least 2% of your pay to collect the full match.
That is $990 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Vesting. Employees are always fully vested in all contributions to their accounts, as well as the investment income earned from all contributions to the Plan.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
75th percentile
$85.22 per participant in plan-paid administrative cost, more expensive than 75% of plans with 5,000+ participants.
What is Chevron's 401(k) match formula?
Chevron's 401(k) employer money is a fixed contribution rather than a match: 8% of pay, paid to everyone who contributes at least 2% themselves. A threshold contribution is all or nothing at one contribution rate, which is not the same as a match on every dollar.
| Contribution formula | 8% of pay if you contribute at least 2% |
|---|---|
| Maximum employer contribution | 8% of compensation |
| Paid in company stock | No, paid in cash or per your investment elections |
| Conditions | Fixed match with two levels: participants making basic contributions of 1 percent of regular pay receive a Company match of 4 percent of regular pay; participants making basic contributions of 2 percent receive 8 percent of regular pay. For 2025, matching contributions ceased when a participant reached regular pay of $350,000. The matching contribution is made in cash. |
At a $75,000 salary, contributing at least 2% ($1,500) earns an employer contribution of 8% of pay, or $6,000.
What the filing says, word for word
“The Plan has a fixed match feature. The Company will match 4 percent of regular pay to participants making basic contributions of 1 percent to the Plan or 8 percent of regular pay to participants making basic contributions of 2 percent to the Plan. The Code limits the amount of compensation that can be taken into account when calculating participant and company matching contributions to the Plan; for the year 2025, company matching contributions ceased when a participant reached regular pay of $350,000.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Chevron's 401(k) vesting schedule?
Chevron vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Vesting. Employees are always fully vested in all contributions to their accounts, as well as the investment income earned from all contributions to the Plan.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join Chevron's 401(k), and is enrollment automatic?
Chevron's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | Employees of the Corporation and participating companies hired on to the U.S. payroll (including employees represented by a labor organization that has bargained for participation) are eligible upon their first day of employment |
|---|---|
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“Employees of the Corporation and each other participating company (the Company) or employees who are represented by a labor organization that has bargained for and agreed to participation in the Plan, hired on to the U.S. payroll are eligible to join the Plan upon their first day of employment.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
What does the Chevron plan report on Form 5500?
The Chevron plan reported $20.4B in assets and 35,056 participants for plan year 2024.
| Total plan assets | $20,378,704,663 |
|---|---|
| Participants | 35,056 |
| Recordkeeper | Chevron Corporation |
| Plan-paid admin cost per participant | $85.22 |
How that cost compares
This plan pays $85.22 per participant. The median across plans in oil, gas and mining is $124.28, from the 618 of 653 whose Form 5500 yields a per-participant cost.
Chevron Employee Savings Investment Plan on its Form 5500 filing: fees, providers and financials
How does Chevron's 401(k) match compare?
Chevron Corporation's maximum 401(k) match of 8% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in oil, gas and mining, two land near Chevron's maximum match and one vests on the same schedule.
Maximum match 7.98% of pay. Also in oil, gas and mining.
Maximum match 8% of pay. Also in oil, gas and mining.
Maximum match 7.02% of pay. Also in oil, gas and mining.
Maximum match 7.5% of pay, 0.5 points below Chevron.
Maximum match 9.3% of pay, 1.3 points above Chevron.
Maximum match 5% of pay. Vests immediately too, like Chevron.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Chevron Corporation's 401(k) match?
Chevron Corporation contributes 8% of eligible pay for employees who contribute at least 2% themselves (plan year ended December 31, 2025).
When does the Chevron Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Chevron Corporation's 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Cite: 401(k) Monitor, “Chevron Corporation 401(k) plan facts”, from SEC Form 11-K accession 0000093410-26-000158, plan year ended 2025-12-31.