Defined Benefit (Pension) · DOL Form 5500 · 2024

Magellan Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$183M
Total assets
1,402
Participants
89th
Percentile by assets

Sponsored by Magellan Midstream Holdings Gp, LLC · Oklahoma · Transportation & Warehousing

What the 2024 filing shows

Magellan Pension Plan holds $183M for 1,402 participants - about $130,816 per participant, in the top quartile of all filed plans by assets, up 4.7% over the 2024 plan year.

$183M
total plan assets (2024 EOY)
1,402
covered participants
89th
percentile by assets (of 67,083 plans)
$130,816
avg assets per participant
Total Assets (2023)
$183M
Participants
1,402
State
Industry
Transportation & Warehousing

What the Filing Says About Magellan Pension Plan

Magellan Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Magellan Midstream Holdings Gp, LLC, headquartered in Oklahoma. As of the 2024 Form 5500 filing, the plan reports $183M in total end-of-year assets and covers 1,402 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 200019326, and the plan has been effective since 2004-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $175M at the beginning of 2024 to $183M at year-end - a gain of 4.7%. Net assets (after liabilities) closed the year at $183M, with reported net income of $8M 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)$175M
Total Assets (End of Year)$183M
Net Assets (End of Year)$183M
Net Income$8M
Plan TypeDefined Benefit (Pension)
Employer EIN200019326
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magellan Midstream Holdings Gp, LLC)

Year Plans Participants Total Assets
2022 3 3,467 $583M
2023 3 3,371 $313M
2024 3 1,615 $228M

Nearby Defined Benefit (Pension) Plans in Oklahoma

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Magellan Pension Plan?
As of the 2024 Form 5500 filing, Magellan Pension Plan holds $183M in total assets with 1,402 participants. It is sponsored by Magellan Midstream Holdings Gp, LLC.
What type of plan is Magellan Pension Plan?
Magellan Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 2004-01-01. The plan is filed with the U.S. Department of Labor under EIN 200019326.
Who sponsors the Magellan Pension Plan?
Magellan Pension Plan is sponsored by Magellan Midstream Holdings Gp, LLC, located in Oklahoma. The sponsor's EIN is 200019326 and the plan operates in the Transportation & Warehousing industry.
How did Magellan Pension Plan perform in 2024?
Magellan Pension Plan grew by 4.7% during 2024, moving from $175M to $183M in total assets. Net income was $8M.
Where can I find official filings for Magellan Pension Plan?
Official Form 5500 filings for Magellan Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 200019326 or plan name at efast.dol.gov.
How does Magellan Pension Plan compare to other plans?
You can compare Magellan Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Oklahoma on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

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 200019326.

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.

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