Defined Benefit (Pension) · DOL Form 5500 · 2024

Marathon Petroleum Company LP Pension Plan

Data updated 2026-08-25

$124M
Total assets Near avg plan size
63
Participants Small participant base
92nd
Percentile by assets National rank
$2.0M
Avg per participant High balance/head
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Official DOL plan name: Speedway Retirement Plan · Sponsored by Marathon Petroleum Company LP · Ohio · Retail Trade

$124M in assets, 63 participants

Marathon Petroleum Company LP's Speedway Retirement Plan reported $124M in total assets and 63 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,672 in Retail Trade (8,048 peers)

Where Speedway Retirement Plan sits by assets

Speedway Retirement Plan sits in the top 10% of all filed plans by assets, $124M for 63 participants (~$2.0M/participant), down 14.1% in 2024.

#7,672
in Retail Trade (8,048 peers)
-14.1%
assets change YoY
1.2×
vs typical plan assets (national mean)

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.

Speedway Retirement Plan's outsized position by total assets

Speedway Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$123,670,929 Top 8% higher than 92% of 123,620 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 2024

Speedway Retirement Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Speedway Retirement Plan is a small filing (63 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Speedway Retirement Plan reported net income fell from -$3M in the plan year 2023 filing to -$20M in the plan year 2024 filing.
  • Speedway Retirement Plan end-of-year assets fell from $144M in the plan year 2023 filing to $124M in the plan year 2024 filing.
  • Speedway Retirement Plan reported participants fell from 68 in the plan year 2023 filing to 63 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 311537655 · Marathon Petroleum Company LP PY 2024 · Defined Benefit (Pension)

Speedway Retirement Plan · $124M · 63 · 92nd

  • PCT $124M
  • PCT 63
  • PCT 92nd
  • PCT Defined Benefit (Pension)
  • PCT near Arizona Sheet Metal Pension Trust Fund
  • PCT ind #7672

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 Retail Trade retirement plans → · Plans in Ohio →

Speedway Retirement Plan in the asset neighbourhood

Edw. C. Levy Co. Retirement Income PlanEdw. C. Levy Co. Retirement …$124MDelta Dental of New Jersey, Inc. Pension PlanDelta Dental of New Jersey, …$124MArizona Sheet Metal Pension Trust FundArizona Sheet Metal Pension …$124MSpeedway Retirement Plan$124MAppalachian Regional Healthcare, Inc. Retirement PlanAppalachian Regional Healthc…$124M
End-of-year total assets ($M) among Speedway Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$144M
Net Assets (End of Year)$124M
Net Income-$20M
Employer EIN311537655
Plan Effective Date2007-06-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Marathon Petroleum Company LP)

Sponsor-wide plan assets over time

All Marathon Petroleum Company LP plans reported in each filing year

Latest sponsor-wide plan assets
$10.7B 25.710409990260658% vs 2022
2024 filing year
$8B$9B$10B$11B 202220232024 $8.48B $10.7B ▲ +25.7%
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.

Speedway Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -505101520 Total assets ($B) Participants Speedway Retirement Plan, Total assets ($B): 0.123670929 · Participants: 63Speedway Retirement PlanGE Aerospace Pension Plan, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Master Pension PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.085797504 · Participants: 16073American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engineers Pension PlanParker Defined Benefit Pension Plan, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benefit Pension Plan
Speedway Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Speedway Retirement Plan side-by-side with 3 peers →

Speedway Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Arizona Sheet Metal Pension Trust Fund in AZ ($124M); by covered participants it is Gray Television, Inc. Retirement Plan for Certain Bargaining Class Employees in GA (63 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Speedway Retirement Plan assets move in 2024? ▼
Speedway Retirement Plan pulled back noticeably - down 14.1% during 2024, from $144M to $124M. Reported net income was -$20M.
How have Marathon Petroleum Company LP plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Marathon Petroleum Company LP's sponsor-wide assets grew 25.7%, from $8.5B to $10.7B.
Where does Speedway Retirement Plan rank by assets among Form 5500 filers? ▼
Speedway Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Speedway Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Arizona Sheet Metal Pension Trust Fund in AZ ($124M, 604 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Speedway Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Gray Television, Inc. Retirement Plan for Certain Bargaining Class Employees in GA (63 participants, $24M in assets).

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.

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.