someone1223
It's been a while since I read through it and while I think I have a pretty good idea of how it works, I am not confident enough in my ability to explain it. This is why I just linked to the website.
I think this part answers your question:
Disk encryption keys are randomly generated with a high quality CSPRNG and stored encrypted with a key encryption key. Key encryption keys are derived at runtime and are never stored anywhere.
In addition to that:
The OS stores a high entropy random value as the Weaver token on the secure element (Titan M on Pixels) and uses it as another input for key derivation.
So, in short, the answer is no. Keys aren't stored in plaintext.