Retirement plan

MARATHON PETROLEUM RETIREMENT PLAN

Name: MARATHON PETROLEUM COMPANY LP - MARATHON PETROLEUM RETIREMENT PLAN (2019) Form 5500
Creator: MARATHON PETROLEUM COMPANY LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARATHON PETROLEUM RETIREMENT PLAN, MARATHON PETROLEUM COMPANY LP

MARATHON PETROLEUM COMPANY LPEIN 31-1537655Plan #001PY 2019

539 SOUTH MAIN STREET, ROOM M09012 - FINDLAY, OH 45840419-422-2121mplx.comLinkedIn10001+ employeesoil & energy

Other plans on this EIN

1 filing

#010Retirement-$5.89B assets

Prospect flagsWind-down / frozen

Top hat statement on fileNQDC

Filed April 13, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

539 South Main Street

Findlay, OH 45840

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Plans declared (1)

Marathon Petroleum Executive Deferred Compensation Plan143 emp

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Total assets (EOY)

$2334.6M

-6.5% from 2016

Total participants

26,207

-11.7% from 2016

Average account balance

No prior year

Annual return

55.23%

-10.21 pp from 2016

Benchmarks

See 222 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants>=10,000

Cohort222 peers

Snapshot2019

Participant deferral / active EE

median $57

Employer contribution / active EE

median $5,966

Participation rate

0.0%

median 0.0%

Avg account balance

median $894,319,009

Admin fee / account holder

median $2,968,729

100

Annual return

55.23%

median 16.59%

Overall peer rank

100of 100

100th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.21B

Average account balance

Total assets / participants with a balance (line 6g)

$94K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

5,387

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$191.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.63%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
PIMCO FUNDS5+ years Filed as: PACIFIC INVESTMENT MANAGEMENT CO. Service code 28 · EIN 33-0629048	Investment Management	$754,535
BARROW, HANLEY, MEWHINNEY & STRAUSS4 years Filed as: BARROW HANLEY MEWHINNEY STRAUSS LLC Service code 28 · EIN 75-2403190	Investment Management	$592,948
BLACKROCK5+ years Filed as: BLACKROCK FINANCIAL MANAGEMENT Service code 28 · EIN 13-3806691	Investment Management	$441,891
NORTHERN TRUST COMPANY2 years Filed as: THE NORTHERN TRUST COMPANY Service code 21 · EIN 36-1561860	Bank Trustee	$336,018
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INVEST. MGMT INC. Service code 28 · EIN 13-0057834	Investment Management	$226,946
MERCER5+ years Service code 17 · EIN 61-0736136	Pension Consulting	$178,725
RIDGEWORTH5+ years Filed as: KAYNE ANDERSON RUDNICK Service code 28 · EIN 95-4575414	Investment Management	$173,133
AON CONSULTING2 years Filed as: AON INVESTMENT CONSULTING, LLC Service code 11 · EIN 22-2232264	Actuarial	$161,763
HEXAVEST INC.5+ years Filed as: HEXAVEST Service code 28 · EIN 87-8721125	Investment Management	$122,536
HAMILTON LANE ADVISORS, LLC3 years Service code 28 · EIN 23-2962336	Investment Management	$108,348

Enrolled actuary

1 attachment

MARY SUSAN WELCH

AON CONSULTING, INC.

Enrollment #2005389

4 OVERLOOK POINT

LINCOLNSHIRE, IL 60069

(847) 295-5000

Signed 2020-10-05

Plan features & details

Pension benefit codes1A1C3F3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$5.2M

$248 / participant

Investment mgmt$2M47.4%
Other / not subdivided$3M52.6%

% of EOY assets

0.221%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCCONNELL AND JONES
Auditor EIN: 760488832
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$894,319,009-100.0%

$50,635-100.0%

$894,319,009-100.0%

Participation rate

0.0%

0.0%0pp

6.0%-6.0pp

0.0%0pp

Annual return

55.23%

24.48%+30.8pp

18.06%+37.2pp

24.48%+30.8pp

Employer contribution / active EE

$9,418-100.0%

$30,411-100.0%

$9,418-100.0%

Participant deferral / active EE

$501-100.0%

$40-100.0%

$501-100.0%

Admin fee / account holder

$2,968,729-100.0%

$1,675-100.0%

$2,968,729-100.0%

Provider

Service type

Compensation

PIMCO FUNDS5+ years

Filed as: PACIFIC INVESTMENT MANAGEMENT CO.

Service code 28 · EIN 33-0629048

Investment Management

$754,535

BARROW, HANLEY, MEWHINNEY & STRAUSS4 years

Filed as: BARROW HANLEY MEWHINNEY STRAUSS LLC

Service code 28 · EIN 75-2403190

Investment Management

$592,948

BLACKROCK5+ years

Filed as: BLACKROCK FINANCIAL MANAGEMENT

Service code 28 · EIN 13-3806691

Investment Management

$441,891

NORTHERN TRUST COMPANY2 years

Filed as: THE NORTHERN TRUST COMPANY

Service code 21 · EIN 36-1561860

Bank Trustee

$336,018

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INVEST. MGMT INC.

Service code 28 · EIN 13-0057834

Investment Management

$226,946

MERCER5+ years

Service code 17 · EIN 61-0736136

Pension Consulting

$178,725

RIDGEWORTH5+ years

Filed as: KAYNE ANDERSON RUDNICK

Service code 28 · EIN 95-4575414

Investment Management

$173,133

AON CONSULTING2 years

Filed as: AON INVESTMENT CONSULTING, LLC

Service code 11 · EIN 22-2232264

Actuarial

$161,763

HEXAVEST INC.5+ years

Filed as: HEXAVEST

Service code 28 · EIN 87-8721125

Investment Management

$122,536

HAMILTON LANE ADVISORS, LLC3 years

Service code 28 · EIN 23-2962336

Investment Management

$108,348

MARATHON PETROLEUM RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

MARY SUSAN WELCH

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARATHON PETROLEUM RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

MARY SUSAN WELCH

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion