Plan Ledger DOL Form 5500 · updated monthly

Macerich Property Management Company LLC.401(k)

MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Macerich Property Management Company LLC. reported $288,318 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $5,890 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 fell from 0.16% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 521st-largest of 9,483 plans among California employers on file, and the 53rd of 2,096 in real estate & leasing. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$226,033,274
Participants with balances967
Active participants618
Employer contributions$3,639,967
Employee contributions$7,596,184
Employer contribution per active participant$5,890
Average account balance$233,747
Benefits paid to participants$23,911,078
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$226.0M · 967 accts · $3.6M emplr
2023$208.0M · 1,022 accts · $3.5M emplr
2022$181.5M · 1,023 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$138,545
Investment management$149,423
Total administrative$288,318
The Macerich Property Management Company LLC. 401(k) match · 2024
Employer contribution per active participant$5,890
Median for plans this size$3,635
2024$5,890 per active participant
2023$5,390 per active participant
2022$4,926 per active participant

Macerich Property Management Company LLC.'s 2024 employer contribution ran above the $3,635 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$138,545
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$131,689
MESIROW FINANCIAL INVESTMENT MANAGE · Investment advisory (plan)$17,735
QDRO CONSULTANTS COMPANY, LLC · Consulting$350

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$288,318 · 0.13%
2023$232,392 · 0.12%
2022$332,430 · 0.16%
Similar plansReal Estate & Leasing · California
Irvine Management Company CA$584.4M · 0.04%
Lowe Enterprises, Inc. CA$245.8M · 0.06%
Westfield, LLC CA$230.2M
Public Storage CA$221.9M · 0.09%
Ff Properties LP CA$162.3M · 0.21%
McGrath Rentcorp CA$147.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954853294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.