Plan Snapshot
- Plan Sponsor: Markel Group INC.
- Sponsor EIN: 541959284
- Sponsor Address: ATTN HUMAN RESOURCES, GLEN ALLEN, VA, 23060
- Plan Type: 401(k)
- Total Participants: 3,711
- Total Assets: $982.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 3,711 | $982.2M | $29.2M | $34.8M |
| 2023 | 3,611 | $839.3M | $27.3M | $32.3M |
| 2022 | 3,363 | $722.6M | $23.3M | $28.3M |
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. | ADVISOR | $151,332 | — | $151,332 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | $86,906 | — | $86,906 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $21,271 | — | $21,271 |
| FORVIS MAZARS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $259,509
- Estimated Expense Ratio: 0.026% 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 | $259,509 | $151,332 | $2,700 | — | — |
| 2023 | $239,839 | $142,591 | $1,500 | — | — |
| 2022 | $58,210 | $92,045 | — | — | — |