Search Your Total Rewards:

Multi racial diverse group of people working with Paperwork on a board room table at a business brainstorm, presentation or seminar

New Hire

Welcome! We're excited that you've joined our team and look forward to your successful career at Phillips 66. The information on this page will help you make some important decisions regarding your benefits enrollment and education regarding your compensation package.

30-Day Deadline to Enroll!

You have 30 days from date of hire to enroll for medical, dental, vision, Lyra, and Flexible Spending Accounts (FSAs) coverage. Participation begins on your date of hire, provided you enroll by the deadline.

What to Consider

To help you think about how your life change will affect you, review the following list.

Note: The following applies to regular full-time or regular part-time employees scheduled to work an average of at least 20 hours a week.

Choosing benefits coverage is an important decision, so take advantage of our decision-making tools and resources.

If so, familiarize yourself with our dependent eligibility guidelines.

Review our plans to see which coverage best suits your needs.

If so, consider contributing to the Health Care Flexible Spending Account (HCFSA) and/or the Dependent Day Care Flexible Spending Account (DCFSA).

If you enroll in the HDHP option, you also have the option to enroll in a Health Savings Account (HSA) for tax-free health care savings.

If so, you may want to consider supplemental life insurance options and Accidental Death & Dismemberment (AD&D) insurance.

Learn about the Phillips 66 Cash Balance Account (our pension plan) and the Phillips 66 Savings Plan.

While Phillips 66 provides company-paid Short-Term Disability (STD) coverage, you may want to consider purchasing Long-Term Disability (LTD) coverage.

Although you may not see a need right now, it's still a good idea to designate a beneficiary for your life, AD&D, pension, savings benefits and HSA.

You may have been given a restricted stock unit grant upon joining Phillips 66. You will need to set up a Merrill Lynch account to track this award.

  • Log on to Merrill Lynch for instructions. You will receive additional information during your first month of employment.

Life changes can be stressful. Lyra Mental Health and Well-Being Resources has information and online tools to assist you during this time.

When to Enroll

Below is a summary of Phillips 66 benefits enrollment deadlines. Participation in Phillips 66 benefit plans begins on your date of hire, provided you enroll by the deadlines noted below.

Benefit Enrollment Deadline
  • Medical
  • Dental
  • Vision
  • Lyra Mental Health and Well-Being Resources (Lyra)
  • Flexible Spending Accounts (FSAs)
  • Legal Plan
  • Accident Insurance
  • Critical Illness Insurance
  • Hospital Indemnity Insurance
  • If you enroll within 30 days of your hire date — participation begins on date of hire.
  • If you don't enroll within 30 days of your hire date — you won't be eligible to participate in these benefits until the next Annual Enrollment period unless you have a qualified employee classification or status change.
  • Long-Term Disability (LTD)
  • Employee Supplemental Life Insurance
  • Spouse Life Insurance
  • If you enroll within 30 days of your hire date — participation begins on date of hire.
  • If you don't enroll within 30 days of your hire date — restrictions may apply.
  • Child Life Insurance
  • Accidental Death and Dismemberment (AD&D)
  • You can enroll at any time.
  • Phillips 66 Cash Balance Account
  • Phillips 66 Savings Plan
  • Basic Vision
  • Short-Term Disability (STD)
  • Basic Life Insurance
  • Occupational Accidental Death (OAD)
  • No action needed — you're automatically enrolled in these company-provided benefits.

What to Know

While you do not need to take any specific actions for the following components of your Total Rewards, below are links to important information that you should know.

Compensation Package

When you work at Phillips 66, you can expect a compensation package that is not only competitive, but also reflects your unique contribution to the company. Our approach to compensation is to pay for performance, which means when you and the company perform especially well, you will be rewarded for these results.

Our compensation package includes:

Retirement Benefits

Our Total Rewards benefits take care of you when you join the company as a new hire, as well as when you leave Phillips 66 as a retiree. Learn about how the Phillips 66 Savings Plan and Phillips 66 Cash Balance Account can help you build a more secure financial future and how our retiree medical options support provide valuable coverage later in life.

Phillips 66 Programs and Policies

Acquaint yourself with our programs and policies — from vacation, holidays and our 19/30 Program to matching gifts and service awards.