Plan Snapshot
- Plan Sponsor: Marathon Petroleum Company LP
- Sponsor EIN: 311537655
- Sponsor Address: 539 SOUTH MAIN STREET, FINDLAY, OH, 45840
- Plan Type: DB
- Total Participants: 18,065
- Total Assets: $2.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 18,065 | $2.2B | $191.0M | $0 |
| 2023 | 17,916 | $2.1B | $92.0M | $0 |
| 2022 | 17,542 | $2.0B | $185.0M | $0 |
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 |
|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT CO. | Other Service Provider | $1,118,033 | — | $1,118,033 |
| MFS INTERNATIONAL | Other Service Provider | $891,699 | — | $891,699 |
| NINETY ONE | Other Service Provider | $497,410 | — | $497,410 |
| KAYNE ANDERSON RUDNICK | Other Service Provider | $418,152 | — | $418,152 |
| BLACKROCK | Other Service Provider | $379,836 | — | $379,836 |
| R.V. KUHNS & ASSOCIATES | Other Service Provider | $271,733 | — | $271,733 |
| AON INVESTMENT CONSULTING, LLC | Recordkeeper | $250,913 | — | $250,913 |
| NORTHERN TRUST COMPANY | Custodian / Trustee | $204,977 | — | $204,977 |
| HAMILTON LANE ADVISORS, LLC | Other Service Provider | $47,320 | — | $47,320 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON INVESTMENT CONSULTING, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,080,073
- Estimated Expense Ratio: 0.185% 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 | $6,734,520 | $3,352,449 | $271,733 | — | — |
| 2023 | $6,572,051 | $5,226,590 | $225,406 | — | — |
| 2022 | $7,816,859 | $2,828,656 | — | — | $956,853 |