Phillips 66 Savings Plan

Rollovers

You can roll over before-tax and after-tax money from a former employer's 401(k) or other eligible plan, as well as before-tax money from an IRA, into the plan at any time.

How to Complete a Rollover

  1. Contact your former employer or your former employer’s retirement plan provider and request a direct rollover to your current employer’s plan.

    You may be required to complete a form to receive a rollover check. If so, request the form and continue with step 2.

    Sometimes you can complete the process by phone. In that case, ask that the rollover check be made payable to Vanguard Fiduciary Trust Company FBO [your name] and skip to step 3. (Note: For the transaction to be treated as a direct rollover, the check must be made out in this manner and not directly to you.)
  2. When you receive the form from your former employer, fill it out and return it according to the instructions provided. Indicate that the rollover check must be made payable to Vanguard Fiduciary Trust Company FBO [your name] and sent to you at your home address. (Note: To be treated as a direct rollover, the check must be made out in this manner and not directly to you.)
  3. When you receive the rollover check, log on to vanguard.com/retirementplans.

Once you have electronically signed your request, print the voucher and return it with the rollover check to Vanguard.

If you don't make an investment election, your savings will be invested in the Vanguard® Target Retirement Trust Plus with the target date closest to the year when you will turn age 65. Target Retirement Trusts serve as the plan's default option.

All investing is subject to risk, including the possible loss of the money you invest. Investments in Target Retirement Trusts are subject to the risks of their underlying funds. The year in the trust name refers to the approximate year (the target date) when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Trust is not guaranteed at any time, including on or after the target date.

Vanguard Target Retirement Trusts are not mutual funds. They are collective trusts available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc.