95 employees reported this benefit
ConocoPhillips offers a 401(k) program.
This information about the 401K Plan benefit at ConocoPhillips is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of ConocoPhillips. The description here may not reflect the current ConocoPhillips 401K Plan benefit.
3-9% match of annual salary by the company as long as you put in 1% yourself
They will matchup to 6%.
Currently 6% if you put in a little on your own.
Average company match for industry
CoP had an excellent 9 to 1 match on 10% of your salary.
Match is dependent on performance but with vanguard.
Since the downturn the matching program has changed. It is still competitive as compared to other companies.
As long as the employee invests 1% of their salary, the company matched 6% with an additional 0-6% depending on business unit and market conditions. This is a change from the old guaranteed 9% match but still a great program.
The 401k is better than any plan I've ever seen anywhere. 9% for your 1% contribution. Its unheard of.
Was very good until downturn