Employers › Markel Group
Recordkeeping fees per participant · Markel Group Inc. Retirement Savings Plan · plan year 2024
$3.69
Higher than 4% of the 1,697 plans $250M to 1B that report it.
= $18,571 / 5,039
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251001161532NAL0018043427001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001161532NAL0018043427001, received 2025-10-01
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-01.
Administrative expenses excluding investment management, per participant
$21.47
Higher than 12% of the 2,324 plans $250M to 1B that report it.
= $108,177 / 5,039
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001161532NAL0018043427001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001161532NAL0018043427001, received 2025-10-01
Administrative expenses per participant
$51.50
Higher than 21% of the 2,405 plans $250M to 1B that report it.
= $259,509 / 5,039
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001161532NAL0018043427001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001161532NAL0018043427001, received 2025-10-01
Administrative expenses as a share of assets
0.026%
Higher than 15% of the 2,407 plans $250M to 1B that report it.
= $259,509 / $982,226,534
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001161532NAL0018043427001, received 2025-10-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001161532NAL0018043427001, received 2025-10-01
Employer contributions per participant
$5,797
Higher than 79% of the 2,457 plans $250M to 1B that report it.
= $29,213,466 / 5,039
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001161532NAL0018043427001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001161532NAL0018043427001, received 2025-10-01
Employer share of total contributions
39.3%
Higher than 74% of the 2,459 plans $250M to 1B that report it.
= $29,213,466 / $74,295,641
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001161532NAL0018043427001, received 2025-10-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001161532NAL0018043427001, received 2025-10-01
Plan terms are described in Markel Group Inc.'s SEC filings: Form 11-K filed 2026-06-11 and Form 10-K filed 2026-02-26. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251001161532NAL0018043427001, received 2025-10-01
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MARKEL GROUP INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Plan name | MARKEL GROUP INC. RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Sponsor EIN / plan number | 54-1959284 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Sponsor location | GLEN ALLEN, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Industry (business code) | 524150, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Filing received | 2025-10-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Participants, beginning of year | 4,940 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Active participants | 3,711 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Participants, end of year | 5,102 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Participants with an account balance | 5,039 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total assets, beginning of year | $839,322,571 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total assets, end of year | $982,226,534 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Net assets, end of year | $982,226,534 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total income | $220,401,408 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Net income | $142,903,963 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Employer contributions | $29,213,466 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Participant contributions | $34,819,809 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Other contributions (incl. rollovers) | $10,262,366 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total contributions | $74,295,641 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Benefit payments | $77,250,670 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total expenses (incl. benefit payments) | $77,497,445 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Total administrative expenses | $259,509 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Contract administrator fees | $2,700 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Recordkeeping fees | $18,571 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Investment advisory and management fees | $151,332 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Administrative expenses excluding investment management | $108,177 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Held in common/collective trusts | $137,922,421 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Held in mutual funds | $590,747,436 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251001161532NAL0018043427001, received 2025-10-01 |
| Independent auditor | FORVIS MAZARS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251001161532NAL0018043427001, received 2025-10-01 |
Position = column in the DOL layout for form year 2024. Filing 20251001161532NAL0018043427001, received 2025-10-01.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $151,332 | no |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $86,906 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $21,271 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251001161532NAL0018043427001, received 2025-10-01.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $839,322,571 | $982,226,534 | 17.0% |
| Participants with a balance | 4,875 | 5,039 | 3.4% |
| Administrative expenses | $239,839 | $259,509 | 8.2% |
| Recordkeeping fees per participant | $4.26 | $3.69 | -13.4% |
| Employer contributions | $27,325,202 | $29,213,466 | 6.9% |
Prior filing 20240703101058NAL0006222017001, received 2024-07-03; the plan years are contiguous.
Sponsor name as filed: MARKEL GROUP INC.; SEC registrant: MARKEL GROUP INC. (CIK 1096343, matched by EIN; display name from the Form 11-K cover).