Phillips 66 Savings Plan

Contributing to the Plan

You can choose from the following contribution types:

  • Before-tax contributions.
  • Roth 401(k) after-tax contributions.
  • Traditional after-tax contributions.
  • Any combination of the three.

For more information about the differences between types of contributions, see
You Can Choose When to Save on Taxes.

IRS Limits
The IRS limits your annual before-tax and Roth contributions.

Thrift Contributions
You can contribute from 1% up to 75% of your eligible pay in whole percentages on a before-tax, Roth, or traditional after-tax basis, or a combination of all three. Phillips 66 will match your contributions, contributing $1 to your account for every $1 you contribute each pay period, up to 6% of your eligible pay. The Company matching contributions will be allocated according to your current investment selection.

Success Share Company Contributions
Phillips 66 may provide an annual discretionary profit-sharing contribution, determined by senior management, of 0% to 6% of your eligible pay.

To receive the Success Share contribution, you must be an active employee on the date the Success Share contribution is processed or an employee who retired in the current calendar year who was at least age 55 and had at least five years of service on the date employment ended.

Catch-up Contributions
If you are age 50 or older, or will turn 50 by year's end, and you contribute the maximum allowed, you may contribute an additional amount to Thrift. This additional amount is called a catch-up contribution. Catch-up contributions allow you to save above the IRS annual limit on a before-tax or Roth basis. For details on IRS contribution limits, go to

Whenever you invest, there's a chance you could lose the money.