Benefit Connections    401(K) Savings
Savings Overview

CITGO believes in helping their employees build their financial security. The CITGO Petroleum Corporation Employees’ Savings Plans are one piece of your retirement pie and offer you a great opportunity to save for the future. It's important to understand the resources that are available to you. We encourage you to take the time to educate yourself on how to maximize your savings and take full advantage of this Company provided benefit.

The following links provide valuable information and details regarding CITGO’s 401(k) Savings Plans.
Fidelity Investments
Your Savings Plan--Planning for Retirement
How much money will you need for retirement? Fidelity offers many online calculators and tools to help you take the guesswork out of saving for retirement and assist in building an income strategy to meet your needs. Log on to NetBenefits at and click on “Planning” to access these important resources.
CITGO Petroleum Corporation Employees’ 401(k) Savings Plans
Learn about: Enrollment, Employee Pre-tax, After-tax and Catch-up Contributions, Company Contributions, Vesting Requirements, Loans, Withdrawals, and Investment Options.
IRS 401(k) Annual Benefit Limits
The IRS limits the amount that can be contributed to a 401(k) savings plan in any given year.
401(K) Fund performance
To obtain up-to-date fund performance, log on to Fidelity’s NetBenefits website at and click on “Quarterly Investment Results” to link to the “Investment Performance and Research” page. From here, you can also access fund fees, restrictions, and prospectuses.
RASP Contribution Worksheet
Salaried employees can utilize this worksheet to determine the maximum amount they can contribute on an after-tax basis in order to not exceed the annual limit for total contributions and prevent losing any Company contributions.
401(K) Beneficiary Designation
Remember to review and update your beneficiary information as needed. If you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, you should consider your beneficiary designations. Additionally, if a previously designated beneficiary has moved or had a name change, you should update your beneficiary information.

Fidelity’s Online Beneficiaries Service offers a straightforward, convenient process that takes just minutes. Simply log on to NetBenefits at and click on “Beneficiaries” in the “About You” section of “Your Profile”. If you do not have access to the Internet or prefer to complete your beneficiary information by paper form, please contact the Savings Line at 1-800-256-4015.

401(k) Rollover Forms
Special Tax Notice Regarding Plan Payments
This notice explains how you can continue to defer federal income tax on your retirement savings in the Plan and includes important information you will need before you decide how to receive your Plan benefits.
Summary Plan Descriptions
Describes the benefits available under the Plans, as well as the Plan’s limitations and exclusions. As a participant of the Plan, you may be asked to comply with certain provisions of the Plan, which could affect the benefits you receive. We recommend you review your plan’s SPD in order to make informed decisions about your savings account.