Plan Ledger DOL Form 5500 · updated monthly

Tanger Properties Limited Partnership401(k)

TANGER FACTORY OUTLET CENTERS 401(K) SAVINGS PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Tanger Properties Limited Partnership reported $35,434 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,326 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 0.15% to 0.10%. 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 451st-largest of 2,005 plans among North Carolina employers on file, and the 354th of 2,096 in real estate & leasing. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,646,919
Participants with balances397
Active participants438
Employer contributions$1,456,957
Employee contributions$3,013,886
Employer contribution per active participant$3,326
Average account balance$99,866
Benefits paid to participants$5,169,043
Plan auditUnmodified (clean) audit opinion
AuditorGILLIAM BELL MOSER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.6M · 397 accts · $1.5M emplr
2023$33.8M · 342 accts · $1.3M emplr
2022$28.1M · 355 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Investment management$35,434
Total administrative$35,434
The Tanger Properties Limited Partnership 401(k) match · 2024
Employer contribution per active participant$3,326
Median for plans this size$2,416
2024$3,326 per active participant
2023$3,632 per active participant
2022$2,211 per active participant

Tanger Properties Limited Partnership's 2024 employer contribution ran above the $2,416 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$35,434

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$35,434 · 0.10%
2023$26,212 · 0.08%
2022$52,000 · 0.15%
Same employer
Similar plansReal Estate & Leasing · North Carolina
Bell Partners Inc. NC$59.2M · 0.27%
Foundry Commercial, LLC NC$48.7M · 0.11%
Crescent Communities, LLC NC$44.4M · 0.05%
Koury Corporation NC$28.4M · 0.08%
O.R. Colan Associates, LLC NC$27.6M · 0.38%
Grubb Management, LLC NC$21.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561822494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.