Plan Ledger DOL Form 5500 · updated monthly

Simon Property Group, L.P.401(k)

SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Simon Property Group, L.P. reported $1,161,331 in plan administrative expenses for 2024: 0.20% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,977 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 0.16% to 0.20%. 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 28th-largest of 1,562 plans among Indiana employers on file, and the 19th of 2,096 in real estate & leasing. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$597,638,417
Participants with balances3,831
Active participants3,223
Employer contributions$12,818,474
Employee contributions$23,081,121
Employer contribution per active participant$3,977
Average account balance$156,001
Benefits paid to participants$62,453,857
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$597.6M · 3,831 accts · $12.8M emplr
2023$542.9M · 3,890 accts · $12.2M emplr
2022$476.0M · 4,038 accts · $11.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$669,780
Investment management$163,702
Audit (IQPA)$60,825
Total administrative$1,161,331
The Simon Property Group, L.P. 401(k) match · 2024
Employer contribution per active participant$3,977
Median for plans this size$4,294
2024$3,977 per active participant
2023$3,501 per active participant
2022$3,290 per active participant

Simon Property Group, L.P.'s 2024 employer contribution ran below 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$303,309
MERCER INVESTMENTS LLC · Investment advisory (plan)$267,024
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$163,702
ERNST & YOUNG LLP · Accounting / audit$60,825

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$1,161,331 · 0.20%
2023$642,714 · 0.13%
2022$830,205 · 0.16%
Similar plansReal Estate & Leasing · Indiana
Randstad North America GA$674.3M · 0.14%
The Hertz Corporation FL$637.8M · 0.10%
U-Haul Holding Company AZ$618.5M · 0.00%
Prologis, L.P. CO$589.4M · 0.04%
Irvine Management Company CA$584.4M · 0.04%
American Tower Corporation MA$522.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341755769 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.