Plan Ledger DOL Form 5500 · updated monthly

Markel Group Inc.401(k)

MARKEL CORPORATION RETIREMENT SAVINGS PLAN · GLEN ALLEN, VA · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Markel Group Inc. reported $259,509 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,872 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.01% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 47th-largest of 2,266 plans among Virginia employers on file, and the 185th of 4,798 in finance & insurance. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 3,363 to 3,711 since 2022.

Plan summary
Net assets, end of year$982,226,534
Participants with balances5,039
Active participants3,711
Employer contributions$29,213,466
Employee contributions$34,819,809
Employer contribution per active participant$7,872
Average account balance$194,925
Benefits paid to participants$77,250,670
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$982.2M · 5,039 accts · $29.2M emplr
2023$839.3M · 4,875 accts · $27.3M emplr
2022$722.6M · 4,627 accts · $23.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,271
Investment management$151,332
Total administrative$259,509
The Markel Group Inc. 401(k) match · 2024
Employer contribution per active participant$7,872
Median for plans this size$4,294
2024$7,872 per active participant
2023$7,567 per active participant
2022$6,922 per active participant

Markel Group Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$151,332
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$86,906
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,271

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$259,509 · 0.03%
2023$239,839 · 0.03%
2022$58,210 · 0.01%
Similar plansFinance & Insurance · Virginia
Navy Federal Credit Union VA$3.2B · 0.04%
Genworth Financial, Inc VA$1.1B · 0.05%
Davenport & Company LLC VA$416.4M · 0.00%
Townebank VA$391.6M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 541959284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.