Plan Snapshot
- Plan Sponsor: Marathon Petroleum Company LP
- Sponsor EIN: 311537655
- Sponsor Address: 539 SOUTH MAIN STREET, FINDLAY, OH, 45840
- Plan Type: 401(k)
- Total Participants: 18,320
- Total Assets: $8.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 18,320 | $8.3B | $180.3M | $287.2M |
| 2023 | 18,199 | $7.5B | $0 | $276.6M |
| 2022 | 17,818 | $6.4B | $0 | $256.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC | Investment Advisor | $1,657,003 | — | $1,657,003 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $132,139 | — | $132,139 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,789,142
- Estimated Expense Ratio: 0.021% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,774,135 | — | — | — | — |
| 2023 | $1,993,415 | — | — | — | — |
| 2022 | $3,440,197 | — | — | — | — |