Plan Ledger DOL Form 5500 · updated monthly

Vornado Realty Trust401(k)

VORNADO REALTY TRUST 401(K) PLAN · PARAMUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Vornado Realty Trust reported $81,360 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,113 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 0.24% to 0.04%. 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 201st-largest of 2,419 plans among New Jersey employers on file, and the 49th of 2,096 in real estate & leasing. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 756 to 582 since 2022.

Plan summary
Net assets, end of year$235,661,493
Participants with balances918
Active participants582
Employer contributions$4,721,885
Employee contributions$7,707,032
Employer contribution per active participant$8,113
Average account balance$256,712
Benefits paid to participants$15,504,695
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPA'S P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$235.7M · 918 accts · $4.7M emplr
2023$210.1M · 931 accts · $4.5M emplr
2022$187.2M · 1,051 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,360
Total administrative$81,360
The Vornado Realty Trust 401(k) match · 2024
Employer contribution per active participant$8,113
Median for plans this size$3,635
2024$8,113 per active participant
2023$7,694 per active participant
2022$6,092 per active participant

Vornado Realty Trust's 2024 employer contribution ran above the $3,635 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$81,359

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$81,360 · 0.04%
2023$71,686 · 0.04%
2022$505,467 · 0.24%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Lowe Enterprises, Inc. CA$245.8M · 0.06%
Jmb Realty Corporation IL$244.9M · 0.02%
Weichert Co. NJ$231.1M · 0.10%
Westfield, LLC CA$230.2M

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Source: U.S. Department of Labor, Form 5500 series, EIN 221657560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.