401(k) · DOL Form 5500 · 2023

Magellan Midstream Holdings Gp, LLC 401(k) Plan

Data updated 2026-08-25

$94M
Total assets Below avg plan size
1,705
Participants Near avg headcount
91st
Percentile by assets National rank
$55,111
Avg per participant Low balance/head
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Official DOL plan name: Magellan 401(k) Plan · Sponsored by Magellan Midstream Holdings Gp, LLC · Oklahoma · Transportation & Warehousing

$94M in assets, 1,705 participants

Magellan Midstream Holdings Gp, LLC's Magellan 401(k) Plan reported $94M in total assets and 1,705 participants in its 2023 DOL Form 5500 filing, ranking in the 91st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,981 in Transportation & Warehousing (3,362 peers)

Coverage in Oklahoma

Magellan 401(k) Plan covers 1,705 participants in Oklahoma, 2.2x the typical Oklahoma plan (state average ~760 per filing). Assets: $94M.

#2,981
in Transportation & Warehousing (3,362 peers)
-75.3%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $287M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magellan 401(k) Plan's outsized position by total assets

Magellan 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$93,963,943 Top 9% higher than 91% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Magellan 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magellan 401(k) Plan lands in the large band (1,705 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magellan 401(k) Plan reported net income fell from -$89M in the plan year 2022 filing to -$287M in the plan year 2023 filing.
  • Magellan 401(k) Plan end-of-year assets fell from $381M in the plan year 2022 filing to $94M in the plan year 2023 filing.
  • Magellan 401(k) Plan reported participants fell from 1,745 in the plan year 2022 filing to 1,705 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 200019326 · Magellan Midstream Holdings Gp, LLC PY 2023 · 401(k)

Magellan 401(k) Plan · $94M · 1,705 · 91st

  • BOOK $94M
  • BOOK 1,705
  • BOOK 91st
  • BOOK 401(k)
  • BOOK near Starwood Headquarters, L.L.C. 401(k) Profit Sharing Plan
  • BOOK ind #2981

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Transportation & Warehousing retirement plans → · Plans in Oklahoma →

Magellan 401(k) Plan in the asset neighbourhood

Quantum Design International, Inc. Safe Harbor Match and Retirement PlanQuantum Design International…$94MCarlex Glass America Retirement PlanCarlex Glass America Retirem…$94MMagellan 401(k) Plan$94MStarwood Headquarters, L.L.C. 401(k) Profit Sharing PlanStarwood Headquarters, L.L.C…$94MMillburn Profit Sharing and 401(k) Savings PlanMillburn Profit Sharing and …$94M
End-of-year total assets ($M) among Magellan 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Oklahoma filing particulars

Total Assets (Beginning of Year)$381M
Net Assets (End of Year)$94M
Net Income-$287M
Employer EIN200019326
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magellan Midstream Holdings Gp, LLC)

Sponsor-wide plan assets over time

All Magellan Midstream Holdings Gp, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$228M 60.875015127119156% vs 2022
2024 filing year
$0M$200M$400M$600M$800M 202220232024 $583M $228M ▼ -60.9%
Year Plans Participants Total Assets
2022 3 3,467 $583M
2023 3 3,371 $313M
2024 3 1,615 $228M

Nearby 401(k) Plans in Oklahoma

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Magellan 401(k) Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants Scatter plot of 6 data points. 050001000015000 -1012345 Total assets ($B) Participants Magellan 401(k) Plan, Total assets ($B): 0.093963943 · Participants: 1705Magellan 401(k) PlanQuiktrip Corporation Retirement Plan, Total assets ($B): 4.212452319 · Participants: 11746Quiktrip Corporation Retirement PlanThe Williams Investment Plus Plan, Total assets ($B): 1.681202476 · Participants: 5041The Williams Investment Plus PlanOneok, Inc. 401(k) Plan, Total assets ($B): 1.156591 · Participants: 2965Oneok, Inc. 401(k) PlanBok Financial 401(k) Plan, Total assets ($B): 1.048169756 · Participants: 4766Bok Financial 401(k) PlanDevon Energy Corporation Incentive Savings Plan, Total assets ($B): 0.932957189 · Participants: 1858Devon Energy Corporation Incentive Savings Plan
Magellan 401(k) Plan vs. nearby 401(k) plans in Oklahoma, assets vs. participants
Compare Magellan 401(k) Plan side-by-side with 3 peers →

Magellan 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Oklahoma, the nearest 401(k) by assets is Starwood Headquarters, L.L.C. 401(k) Profit Sharing Plan in CT ($94M); by covered participants it is Guidehouse Digital LLC 401(k) Savings Plan in VA (1,705 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,705 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Magellan 401(k) Plan assets move in 2023? ▼
Magellan 401(k) Plan contracted severely - down 75.3% during 2023, from $381M to $94M. Reported net income was -$287M.
How have Magellan Midstream Holdings Gp, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magellan Midstream Holdings Gp, LLC's sponsor-wide assets declined 60.9%, from $583M to $228M.
Where does Magellan 401(k) Plan rank by assets among Form 5500 filers? ▼
Magellan 401(k) Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Magellan 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Starwood Headquarters, L.L.C. 401(k) Profit Sharing Plan in CT ($94M, 389 participants).
Which 401(k) plans cover a similar participant headcount to Magellan 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Guidehouse Digital LLC 401(k) Savings Plan in VA (1,705 participants, $171M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 200019326.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.