employee savings investment plan (ESIP)
what it is
The ESIP is a defined contribution plan to which both you and Chevron make savings contributions.
The Employee Savings Investment Plan (ESIP) is a defined contribution (401(k)) plan that offers an easy way to save for your future. You choose an amount to contribute from your paycheck each pay period and Chevron matches a portion of your contributions. You can contribute on a before-tax, after-tax or Roth basis, or any combination of the three, subject to certain IRS limits. Both your contributions and Chevron's matching contributions are immediately vested, which means you can take your savings with you when you leave.
The information on this website provides an overview of key features of the plan. For more details, please refer to the summary plan description.