Hess Corporation 401(k): Fidelity, match 7.98% max
Hess Corporation Employees' Savings Plan · HES · CIK 4447
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
7.98%
Hess Corporation matches 133% of the first 6% of pay.
From the Form 11-K filed June 4, 2025 ↗, covering the plan year ended December 31, 2024. 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 · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Hess puts in, and what the plan costs
What Hess put into the plan, per active participant
$18,788
Hess Corporation put $18,788 into this plan for each of its 1,563 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.
Hess put in more per active participant than 94% of plans with 1,000–4,999 participants in oil, gas and mining. The middle plan in that group of 111 reported $5,043. Oil, gas and mining comes from business code 324110, which Hess 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 Hess 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 134921002, plan 001 · DOL EFAST2 ↗
The $18,788 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Hess Corporation also files a Form 11-K, which states the match formula for plan year 2024: the card below reads $3,950 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 measure different things, so neither one is the other one corrected.
What Hess puts in
$3,950
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company makes matching contributions equal to 133% of employee contributions that do not exceed 6% of eligible compensation.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 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 369 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
“Participants are immediately fully vested in their contributions, the employer’s matching contributions, and earnings on investments.”
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
21st percentile
$38.49 per participant in plan-paid administrative cost, cheaper than 79% of plans with 1,000–4,999 participants.
What is Hess' 401(k) match formula?
Hess' 401(k) employer match tops out at 7.98% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 133% of the first 6% of pay |
|---|---|
| Maximum employer match | 7.98% of compensation |
At a $90,000 salary, contributing 6% ($5,400) earns the full employer match of $7,182 for the year.
What the filing says, word for word
“The Company makes matching contributions equal to 133% of employee contributions that do not exceed 6% of eligible compensation.”
Source: Form 11-K filed June 4, 2025, SEC EDGAR · SEC ↗
What is Hess' 401(k) vesting schedule?
Hess 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
“Participants are immediately fully vested in their contributions, the employer’s matching contributions, and earnings on investments.”
Source: Form 11-K filed June 4, 2025, SEC EDGAR · SEC ↗
Who can join Hess' 401(k), and is enrollment automatic?
Hess enrolls new hires automatically at 6% of pay.
| Plan entry | Employees are eligible to enroll in the plan upon hire. |
|---|---|
| Excluded groups | The Plan is a defined contribution plan covering all eligible United States (U.S.) based employees of the Company. |
| Automatic enrollment | Yes: default deferral 6% of pay; 30-day opt-out window |
Eligibility, word for word
“Employees are eligible to enroll in the plan upon hire.”
Automatic enrollment, word for word
“Newly hired or rehired employees who do not opt out or elect to contribute a different rate of eligible compensation within a 30-day period are automatically enrolled in the Plan at a before-tax contribution rate of 6% of eligible compensation.”
Source: Form 11-K filed June 4, 2025, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Hess plan report on Form 5500?
The Hess plan reported $1.1B in assets and 3,060 participants for plan year 2024.
| Total plan assets | $1,122,616,381 |
|---|---|
| Participants | 3,060 |
| Plan-paid admin cost per participant | $38.49 |
How that cost compares
This plan pays $38.49 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.
Read from the Form 5500 filing of Hess Corporation Employees' Savings Plan, which has no page of its own here.
How does Hess' 401(k) match compare?
Hess Corporation's maximum 401(k) match of 7.98% of pay compares with a median of 4% across the 269 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 report the same recordkeeper and one vests on the same schedule.
Maximum match 7.02% of pay. Also in oil, gas and mining.
Maximum match 8% of pay. Also in oil, gas and mining.
Maximum match 7% of pay. Also in oil, gas and mining.
Match formula not disclosed in the filing. Same recordkeeper, Fidelity Investments.
Maximum match 7% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay. Vests immediately too, like Hess.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 4, 2025, 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.
Questions this filing answers
What is Hess Corporation's 401(k) match?
Hess Corporation matches 133% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2024).
When does the Hess Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Hess Corporation's 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; 30-day opt-out window.
Who is the recordkeeper for Hess Corporation's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Hess Corporation Employees' Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Hess Corporation filed with the US Securities and Exchange Commission for the plan year ended December 31, 2024. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Hess Corporation |
| SEC CIK | 4447 |
| Accession number | 0001628280-25-029315 |
| Plan | Hess Corporation Employees' Savings Plan |
| Period of report | December 31, 2024 |
| Filed | June 4, 2025 |
401(k) Monitor is not affiliated with Hess Corporation, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Hess Corporation 401(k) plan facts”, from SEC Form 11-K accession 0001628280-25-029315, plan year ended December 31, 2024.
