ExxonMobil Voya Savings Plan
ExxonMobil Savings Plan | 2025 Contribution Limits
Under age 50: $23,500
Age 50 and older: $31,000
Combined employee/employer max: $70,000
IRS income limit (for matching): $350,000
Matching on over $350,000 is contributed to the supplemental savings plan
ExxonMobil Savings Plan | Important Ages
Age 50: catch up contribution
Age 59.5: withdraw without 10% penalty
Ages 72, 73, 75: Required Minimum Distributions (RMDs)
ExxonMobil Savings Plan | Other Important Info
ExxonMobil matches 7% when you contribute 6%
Savings plan provides 6 savings account options:
Before-tax, After-tax, General account, Roth 401(K) account, Roth Rollover, Roth Conversion
ExxonMobil Savings Plan | Account Types
Before-Tax Account: Employee pre-tax contributions, including non-Roth catch up contributions
After-Tax Account: Employee after tax contributions (usually in excess of IRS limits)
General Account: Company match, rollover from non-Roth accounts
Roth 401(K) Account: Employee Roth 401(K) contributions
ExxonMobil Webinar: When to Sell Your XOM Stock
Watch the recording of this webinar on YouTube where we discuss the pros and cons of selling your ExxonMobil (XOM) stock. We also discuss various factors to consider on the timing of selling shares and how it can impact your ability to utilize ExxonMobil Net Unrealized Appreciation (NUA).
15 Minute ExxonMobil Video: Can I Afford to Leave ExxonMobil?
After working at ExxonMobil for many years, you may be considering retirement or leaving the company. In this 15 minute video, Nick Stenger highlights the most important financial and investment planning items to consider before making your move.
ExxonMobil Voya 401(K) Video: Rebalancing Your Voya Savings Plan
In this 10 minute video, Nick Stenger covers a variety of important market factors to consider when rebalancing your ExxonMobil Voya Savings (401k) plan.
ExxonMobil Savings Plan | Options When You Leave XOM
Option #1 - Leave your account(s) at Voya
Option #2 - Transfer your account(s) to a new 401(k) plan
Option #3 - Rollover your balances to Traditional and/or Roth IRA accounts at a custodian of your choosing
Option 1 - Equity Units
Similar to the S&P 500 Index
Large cap, United States stocks
Average annual returns: as of 12/31/2023
1 year: 26.30%
5 year: 15.71%
10 year: 12.08%
Top 10 Holdings: as of 4/30/2024
Microsoft
Apple
NVIDIA
Alphabet (Google)
Amazon.com
Meta
Berkshire Hathaway
Eli Lilly
Broadcom
JP Morgan Chase
Option 2 - Extended Market Units
Similar to the Dow Jones U.S. Completion Total Stock Market Index
3,600 small and mid-cap companies
Average annual returns: as of 12/31/2023
1 year: 25.32%
5 year: 11.97%
10 year: 8.62%
Top 10 Holdings: as of 4/30/2024
Crowdstrike
KKR & Co.
Marvell Technologies
Snowflake
Workday
Apollo Global Management
Ferguson
Palantir
Square
DoorDash
Option 3 - International Equity Units
Similar to MSCI World Ex-US Investable Market Index
3,300 international equity securities in 22 developed countries
Average annual returns: as of 12/31/2023
1 year: 17.27%
5 year: 8.66%
10 year: 4.76%
Top 10 Holdings: as of 4/30/2024
Novo Nordisk
ASML Holdings
Nestle
Toyota Motor Corporation
Astrazeneca
Shell
LVMH Moet Hennessy
Novartis
SAP
Roche
Option 4 - Bond Units
Similar to Bloomberg U.S. Aggregate Bond Index
13,000 publicly traded, investment grade, U.S. fixed income securities
Average annual returns: as of 12/31/2023
1 year: 5.51%
5 year: 1.13%
10 year: 1.85%
Option 5 - Balanced Fund Units
Blended portfolio of stocks and bonds
Current portfolio: 35% equity units, 15% extended market units, 25% international equity units, 25% bond units
Average annual returns: as of 12/31/2023
1 year: 18.65%
5 year: 10.25%
10 year: 7.53%
Option 6 - Common Assets
Short and medium term fixed income fund managed by an ExxonMobil subsidiary
Target weighted average maturity of approximately 1 year
Average annual returns: as of 12/31/2023
1 year: 6.63%
5 year: 4.80%
10 year: 3.72%
ExxonMobil Voya Savings Plan (401K)
Mega-Backdoor Roth
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ExxonMobil Voya Savings Plan | Mega Backdoor Roth
ExxonMobil’s Voya 401(K) plan allows employees to convert a certain amount of non-Roth contributions to the Roth-Conversion Account within the savings plan. You can make these elections once per year. Typically the request needs to be made by December 15th of the calendar year.
If you have a propensity to save a lot of money to your Voya 401(K) each year and are already maxing out your IRS pre-tax contribution, the in-plan Roth conversion may make sense. Keep in mind, this is a complex transaction and should involve the advice of a financial advisor and tax advisor.
For example, in 2025, this is how a Roth conversion might work:
Annual compensation: $250,000
Age: under 50
Pre-tax contribution: $23,500
ExxonMobil 7% match: $17,500
Total contributions: $41,000
Annual IRS max: $70,000
Remaining after-tax amount: $29,000This remaining $29,000 could be converted from after-tax to the Roth conversion account.
The information presented above does not constitute financial advice and is only provided for informational purposes. Stenger Family Office does not provide financial advice unless a client agreement is in place. Individuals are encouraged to consult a financial advisor and tax advisor prior to making any financial decisions.
Financial Planning for ExxonMobil Employees
Since 1981, the Stenger Family has been providing customized financial planning and investment advice to employees of ExxonMobil. We began our journey at the Mobil refinery in Joliet, IL. Today, Stenger Family Office works with hundreds of current and former ExxonMobil employees across the country. We have offices in Naperville, IL and Spring, TX, directly across the street from ExxonMobil’s main HQ.
Stenger Family Office financial advisors serve ExxonMobil families in Houston, Midland, Clinton, NJ, Baton Rouge, Joliet, IL, Baytown & Beaumont, TX, and California.
Spring, TX Office:
1700 City Plaza Drive
Suite 440
Spring, TX 77389
Phone: (630) 912-8431
Email: Nick.Stenger@stengerfamilyoffice.com
Nick Stenger | Financial Advisor
Phone: (630) 912-8431
Email: Nick.Stenger@stengerfamilyoffice.com
Important Disclosures
No portion of this website or webpage should be construed as financial advice. Individuals should seek the advice of a financial advisor prior to making changes to their Voya Savings Plan. Past performance is no guarantee of future results. Information provided is deemed reliable but Stenger Family Office makes no guarantee of its accuracy. Stenger Family Office is an independent, fiduciary Registered Investment Advisor (RIA) firm not affiliated with nor endorsed by ExxonMobil.
Sources:
Performance & fund information: ExxonMobil Savings Plan Fund Fact Sheet
Holdings: Morningstar data
Other information: ExxonMobil Summary Plan Description & Prospectus