Plan Ledger DOL Form 5500 · updated monthly

Empire State Realty Op, L.P.401(k)

EMPIRE STATE REALTY TRUST 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Empire State Realty Op, L.P. reported $89,537 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $5,850 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 0.10% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,559th-largest of 5,648 plans among New York employers on file, and the 339th of 2,096 in real estate & leasing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,578,944
Participants with balances315
Active participants235
Employer contributions$1,374,700
Employee contributions$2,384,318
Employer contribution per active participant$5,850
Average account balance$131,997
Benefits paid to participants$5,900,883
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.6M · 315 accts · $1.4M emplr
2023$37.8M · 315 accts · $1.4M emplr
2022$30.6M · 306 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,421
Investment management$38,116
Total administrative$89,537
The Empire State Realty Op, L.P. 401(k) match · 2024
Employer contribution per active participant$5,850
Median for plans this size$2,416
2024$5,850 per active participant
2023$6,057 per active participant
2022$5,497 per active participant

Empire State Realty Op, L.P.'s 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$51,363
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$38,108
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$89,537 · 0.23%
2023$72,867 · 0.21%
2022$32,610 · 0.10%
Same employer
Similar plansReal Estate & Leasing · New York
Rudin Management Co., Inc. NY$45.9M · 0.04%
Douglas Elliman LLC NY$45.7M · 0.04%
The Widewaters Group Inc. NY$42.8M · 0.22%
The Lightstone Group, LLC NY$40.4M · 0.43%
Jack Resnick & Sons, Inc. NY$40.3M · 0.33%
Life Storage LP NY$37.6M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454685158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.