Defined Benefit (Pension) · DOL Form 5500 · 2022
Speedway Retirement Plan
ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.
- $147M
- Total assets
- 80
- Participants
- 91th
- Percentile by assets
Sponsored by Marathon Petroleum Company LP · Ohio · Retail Trade
What the 2022 filing shows
Speedway Retirement Plan holds $147M for 80 participants - about $1.8M per participant, in the top 10% of all filed plans by assets, down 16.9% over the 2022 plan year.
- $147M
- total plan assets (2022 EOY)
- 80
- covered participants
- 91th
- percentile by assets (of 84,055 plans)
- $1.8M
- avg assets per participant
The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Speedway Retirement Plan
Speedway Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Marathon Petroleum Company LP, headquartered in Ohio. As of the 2022 Form 5500 filing, the plan reports $147M in total end-of-year assets and covers 80 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 311537655, and the plan has been effective since 2007-06-30. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $177M at the beginning of 2022 to $147M at year-end - a decline of 16.9%. Net assets (after liabilities) closed the year at $147M, with reported net income of $-29,826,466 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $177M |
| Total Assets (End of Year) | $147M |
| Net Assets (End of Year) | $147M |
| Net Income | $-29,826,466 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 311537655 |
| Plan Effective Date | 2007-06-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Marathon Petroleum Company LP)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 35,136 | $8.5B |
| 2023 | 3 | 35,428 | $9.7B |
| 2024 | 3 | 36,178 | $10.7B |
Nearby Defined Benefit (Pension) Plans in Ohio
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Firstenergy Corp. Master Pension Plan $7.1B · 12,304
- Nationwide Retirement Plan $5.3B · 22,311
- American Electric Power System Retirement Plan $4.5B · 15,595
- Parker Defined Benefit Plan $3.7B · 191
- Pension Plan for Eaton Corporation Employees $2.6B · 8,916
Related Data
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Frequently Asked Questions
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 311537655.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.