Markel Corporation 401(k) Plan: Login, Facts & Contact Information

Markel Corporation 401(k) Plan Facts

Plan name
MARKEL GROUP INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MARKEL GROUP INC.
Participants
4,940 (3,711 active employees)
Former employees with a balance
1,365
Plan assets
$982,226,534 at Dec 31, 2024
Average account balance
$194,925 across 5,039 accounts
Employer contributions
$29,213,466 in plan year 2024 (39% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1986
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $74.3 million went into the plan in contributions, $29.2 million of it from the employer (39%).
  • $77.3 million was paid out to participants.
  • Investment and other income added $146.1 million.
  • Administrative expenses were $259,509, about $52 per account.

How the Markel Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,995$674.9 million$19.4 million$58.6 million
20202,962$727.1 million$22.7 million$73.1 million
20212,916$831.4 million$22.1 million$72.0 million
20223,058$722.6 million$23.3 million$58.6 million
20233,363$839.3 million$27.3 million$71.1 million
20244,940$982.2 million$29.2 million$77.3 million

Markel Corporation 401(k) Contact Information

Phone
804-271-8707
Mailing address
ATTN HUMAN RESOURCES 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Plan sponsor
MARKEL GROUP INC.
Employer identification number (EIN)
54-1959284
Plan number
003

Questions about the Markel Corporation 401(k)

Does Markel Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $29.2 million, 39% of all contributions.

Does the Markel Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Markel Corporation 401(k) plan?

4,940 participants at the start of plan year 2024, 3,711 of them active employees, and 1,365 former employees who still had money in the plan.

What is the average 401(k) balance at Markel Corporation?

About $194,925 per account: $982.2 million in plan assets across 5,039 accounts with a balance at the end of plan year 2024.

Who manages the Markel Corporation 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Markel Corporation. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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