Defined Benefit (Pension) · DOL Form 5500 · 2024
Speedway Retirement Plan
ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.
- $124M
- Total assets
- 63
- Participants
- 86th
- Percentile by assets
Sponsored by Marathon Petroleum Company LP · Ohio · Retail Trade
What the 2024 filing shows
Speedway Retirement Plan holds $124M for 63 participants - about $2.0M per participant, in the top quartile of all filed plans by assets, down 14.1% over the 2024 plan year.
- $124M
- total plan assets (2024 EOY)
- 63
- covered participants
- 86th
- percentile by assets (of 67,083 plans)
- $2.0M
- avg assets per participant
The plan reported a net loss of $20M 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 2024 Form 5500 filing, the plan reports $124M in total end-of-year assets and covers 63 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 $144M at the beginning of 2024 to $124M at year-end - a decline of 14.1%. Net assets (after liabilities) closed the year at $124M, with reported net income of $-20,311,521 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) | $144M |
| Total Assets (End of Year) | $124M |
| Net Assets (End of Year) | $124M |
| Net Income | $-20,311,521 |
| 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
Guides
Frequently Asked Questions
How much money is in the Speedway Retirement Plan? ▼
What type of plan is Speedway Retirement Plan? ▼
Who sponsors the Speedway Retirement Plan? ▼
How did Speedway Retirement Plan perform in 2024? ▼
Where can I find official filings for Speedway Retirement Plan? ▼
How does Speedway Retirement Plan compare to other plans? ▼
Explore PlainRetire
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
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.