SUMMARY PLAN DESCRIPTION - Andeavor

1 1 Andeavor 401(k) plan SUMMARY plan DESCRIPTION As of January 1, 2018 401(k) plan - January 1, 2018 2 HIGHLIGHTS OF YOUR Andeavor 401(K) plan .. 3 IMPORTANT DEFINITIONS .. 4 WHO CAN JOIN .. 4 HOW TO ENROLL .. 5 YOUR CONTRIBUTIONS .. 5 Pre-Tax Savings .. 5 After-Tax (Non-Roth) Savings .. 6 Roth After-Tax Savings .. 6 Rollover Contributions .. 7 Contribution Limitations .. 7 New Hires .. 7 Annual Increase Program .. 7 Andeavor CONTRIBUTIONS .. 8 INVESTMENT EARNINGS AND OPTIONS .. 9 Default Investment Election.

2 10 Mutual Fund Information .. 10 Changing Your Investments .. 10 ACCOUNTING AND STATEMENTS .. 11 RECEIVING BENEFITS FROM THE plan .. 12 When Benefits Are Payable .. 12 How Benefits Are Paid .. 12 Direct Rollovers .. 13 Small Account Balance 13 Withdrawals from the plan While Actively Employed .. 13 Taxes .. 14 LOANS .. 15 Application and Authorization .. 15 Loan Limitations .. 15 Interest Rate and Fees .. 15 Source of Loan Funds .. 15 Loan Repayment .. 15 Leave of Absence .. 16 ADDITIONAL INFORMATION.

3 16 Beneficiary Changes .. 16 Anti-Assignment .. 16 Domestic Relations Orders .. 16 Return from Military Service .. 17 Administrative Fees .. 17 Interpretation of the plan .. 17 Amendment or Termination of the plan .. 17 Fully Funded Benefit .. 17 Use of Trust Fund .. 18 Claims Procedures .. 18 Your ERISA Rights .. 19 FACTS ABOUT THE plan .. 22 IMPORTANT CONTACTS .. 23 Andeavor 401(k) plan SUMMARY plan DESCRIPTION Dated January 1, 2018 This SUMMARY plan DESCRIPTION (SPD) outlines the major features of the Andeavor 401(k) plan .

4 If you have questions regarding your benefits under the 401(k) plan , contact the Andeavor Employee Service Center by phone at 866-688-5465 or by email at You may also contact the Andeavor Retirement Benefits Department at This SUMMARY also constitutes part of a prospectus relating to the Andeavor common shares, which are offered under the Andeavor 401(k) plan and which have been registered under the Securities Act of 1933, as amended. Neither the Securities and Exchange Commission nor any state securities commission has passed upon the adequacy or accuracy of this prospectus or approved or disapproved of the securities to which it relates.

5 Any representation to the contrary is a criminal offense. This document describes the Andeavor 401(k) plan as of January 1, 2018. This plan is available to eligible Andeavor employees on the payroll. This information comprises the SPD of this plan as required by the Employee Retirement Income Security Act of 1974 (ERISA). This DESCRIPTION does not cover every provision of the plan . Some complex concepts may have been simplified or omitted in order to present a more understandable plan DESCRIPTION .

6 If this plan DESCRIPTION is incomplete, or if there is any inconsistency between the information provided here and the official plan document, the provisions of the official plan document will prevail. 401(k) plan - January 1, 2018 3 HIGHLIGHTS OF YOUR Andeavor 401(K) plan You may join the 401(k) plan and begin contributions when you re hired as an employee of the Company. You can save regularly by having contributions deducted automatically from your paychecks. You decide how much. You can save on a pre-tax basis, after-tax basis, Roth after-tax basis or any combination of the three.

7 However, pre-tax and Roth after-tax contributions are subject to IRS limits, and for some highly compensated employees, after-tax contributions may be limited. Qualifying employees age 50 or over may make catch-up contributions. You may choose to contribute between 1% and 50% of Eligible Earnings, on a pre-tax, after-tax or Roth after-tax basis. Your combined total election cannot exceed 50% of Eligible Earnings and is subject to limitations prescribed under applicable law. For every dollar you contribute on a pre-tax and/or Roth after-tax basis, up to 6% of Eligible Earnings, Andeavor contributes another dollar a 100% match!

8 A profit-sharing contribution of up to 4% is possible, based on the company s annual earnings. Your savings are invested in one or more investment funds that you select according to your individual desires and investment needs. Each investment fund has different investment objectives and varying risk factors. You should review and understand those objectives and risks before you invest your money. You always have full ownership (vesting) in your own contributions, as well as any earnings related to them.

9 The Company s contributions and any earnings vest after one year of service. You may elect to take a distribution from the plan when you retire, become disabled or terminate employment. You may also withdraw money from the plan or borrow a portion of your vested balance while you are still an active employee, although certain restrictions apply. You can do a direct rollover into the plan of a distribution from another qualified plan , such as a 401(k) or profit sharing plan . This is one way to avoid paying taxes on a distribution from a previous employer.

10 Fidelity Investments provides recordkeeping and administrative services for the plan . You may obtain additional information on the plan and your account through Fidelity at or by calling 877-295-2413. The Andeavor 401(k) plan (the plan ) gives you an opportunity to save regularly to accumulate funds for retirement. The Company even pays you to participate because for every dollar you contribute on a pre-tax or Roth after-tax basis up to 6% of your Eligible Earnings Andeavor will contribute another dollar.