Murphy USA Inc. 401(k) Review & Grade
Murphy USA Inc. Savings Plan
El Dorado, ARRetail Trade13,760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,607Employer $ per active participant
$966Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$358.3MNet plan assets, end of year
$49,447Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 14th |
| Employee saving | 24th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Murphy USA put in about $1,607 per active participant, more than the typical peer ($689). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.23% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $22,106,366 |
| Participant (employee) contributions | $13,290,928 |
| Other contributions (incl. rollovers in) | $1,650,660 |
| Administrative expenses paid from the plan | $773,752 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $44,648 |
| Benefits paid out | $37,899,506 |
| Net assets, start / end of year | $310.3M / $358.3M |
| Active participants, start / end of year | 11,354 / 16,166 |
| Participants with account balances | 7,246 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
| Employer stock held by plan | $56,535,759 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $44,648 reported compensation |
| Fidelity Investments Institutional | −$86,796 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904112055NAL0010000163001, received 2025-09-04, EIN 46-2279221, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.