Plan Ledger DOL Form 5500 · updated monthly

American Tower Corporation401(k)

AMERICAN TOWER RETIREMENT SAVINGS PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

American Tower Corporation reported $172,860 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,767 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 3 years on file its reported administrative ratio has held roughly steady near 0.038%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 112th-largest of 2,726 plans among Massachusetts employers on file, and the 22nd of 2,096 in real estate & leasing. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 1,910 to 2,436 since 2022.

Plan summary
Net assets, end of year$522,798,765
Participants with balances3,343
Active participants2,436
Employer contributions$11,613,008
Employee contributions$23,172,821
Employer contribution per active participant$4,767
Average account balance$156,386
Benefits paid to participants$29,146,594
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$522.8M · 3,343 accts · $11.6M emplr
2023$376.0M · 2,681 accts · $9.1M emplr
2022$301.4M · 2,784 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$172,860
Total administrative$172,860
The American Tower Corporation 401(k) match · 2024
Employer contribution per active participant$4,767
Median for plans this size$4,294
2024$4,767 per active participant
2023$4,764 per active participant
2022$4,518 per active participant

American Tower Corporation's 2024 employer contribution ran above the $4,294 median for plans its size. 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$172,860

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$172,860 · 0.04%
2023$121,618 · 0.04%
2022$130,126 · 0.04%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
U-Haul Holding Company AZ$618.5M · 0.00%
Simon Property Group, L.P. IN$597.6M · 0.20%
Prologis, L.P. CO$589.4M · 0.04%
Irvine Management Company CA$584.4M · 0.04%
Herc Rentals, Inc. FL$487.5M · 0.02%
Empire Southwest LLC AZ$487.3M · 0.10%
Encore Group (USA), LLC IL$453.2M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 650723837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.