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: 61
- Total Assets: $123.7M
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 | 61 | $123.7M | $0 | $0 |
| 2023 | 63 | $144.0M | $0 | $0 |
| 2022 | 68 | $146.9M | $73.0M | $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 |
|---|---|---|---|---|
| BLACKROCK FINANCIAL MANAGEMENT, INC | Other Service Provider | $229,578 | — | $229,578 |
| NORTHERN TRUST COMPANY | Custodian / Trustee | $104,442 | — | $104,442 |
| AON INVESTMENT CONSULTING LLC | Recordkeeper | $17,443 | — | $17,443 |
| R.V. KUHNS & ASSOCIATES | Other Service Provider | $17,379 | — | $17,379 |
| BLACKROCK | Other Service Provider | $12,469 | — | $12,469 |
| HAMILTON LANE ADVISORS, LLC | Other Service Provider | $5,089 | — | $5,089 |
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: $386,400
- Estimated Expense Ratio: 0.312% 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 | $1,102,883 | $247,137 | $17,379 | — | — |
| 2023 | $840,792 | $721,899 | $9,595 | — | — |
| 2022 | $2,835,982 | $187,193 | — | — | $92,746 |