Industry sector · Form 5500 business code 53xxxx
Real estate and rental and leasing: retirement plans
Plans whose sponsor entered a business code in this sector on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
1,694 retirement plans in real estate and rental and leasing with 100 or more participants filed Form 5500 for plan year 2024 (1,661 defined contribution, 33 defined benefit). All Form 5500 pension filers in the group reported 2,156,147 participant records and $116.0B in net assets.
The median defined contribution plan held $40,415 per participant, well below the national median of $53,031, and its employer put in $1,625 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $127 per participant against $123 nationally.
Employers contributed $2.95B and participants $5.23B during the year, and the plans paid out $10.0B in benefits.
In 2009 the same group numbered 1,550 plans with $21.5B; by 2024 it was 1,694 plans (up 9%) and $116.0B (up 439%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $40,415 | $53,031 | $78,210 | $86,234 |
| Employer contributions per active participant | $1,625 | $2,174 | $3,420 | $10,244 |
| Schedule C compensation per participant | $127 | $123 | $416 | $344 |
| Schedule C compensation, share of net assets | 0.34% | 0.26% | 0.61% | 0.42% |
| Administrative expenses per participant | $123 | $116 | $748 | $527 |
Medians across plans with 100 or more participants (1,586 DC and 33 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $20,758 | $40,415 | $78,705 | 1,586 |
| Employer contributions per active participant | $812 | $1,625 | $2,955 | 1,524 |
| Schedule C compensation per participant | $61.33 | $127 | $226 | 1,515 |
| Administrative expenses per participant | $54.20 | $123 | $222 | 1,547 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 275 | 383,856 | $29.6B | $763M | $1.47B | $59,578 | $125 |
| 2024 | 1,694 | 2,156,147 | $116.0B | $2.95B | $5.23B | $40,415 | $127 |
| 2023 | 1,698 | 1,946,405 | $85.1B | $2.51B | $4.88B | $36,798 | $115 |
| 2022 | 1,954 | 2,072,808 | $94.9B | $3.02B | $4.68B | $28,214 | $105 |
| 2021 | 1,906 | 2,121,060 | $131.7B | $3.24B | $4.57B | $35,097 | $110 |
| 2020 | 1,877 | 2,059,847 | $117.9B | $3.13B | $4.11B | $31,747 | $91.24 |
| 2019 | 1,835 | 1,549,597 | $55.8B | $1.63B | $3.49B | $27,694 | $73.86 |
| 2018 | 1,742 | 1,303,366 | $43.6B | $1.46B | $2.97B | $23,005 | $67.07 |
| 2017 | 1,696 | 1,268,358 | $46.7B | $1.40B | $2.75B | $25,679 | $59.13 |
| 2016 | 1,634 | 1,228,991 | $38.9B | $1.25B | $2.52B | $22,640 | $51.65 |
| 2015 | 1,602 | 1,197,166 | $36.1B | $1.15B | $2.32B | $21,375 | $46.25 |
| 2014 | 1,563 | 1,150,762 | $35.6B | $998M | $2.03B | $22,385 | $41.68 |
| 2013 | 1,545 | 1,095,194 | $33.6B | $949M | $1.83B | $21,756 | $34.42 |
| 2012 | 1,546 | 1,059,127 | $27.9B | $920M | $1.66B | $19,029 | $37.69 |
| 2011 | 1,516 | 1,054,618 | $24.2B | $925M | $1.54B | $17,210 | $34.30 |
| 2010 | 1,527 | 1,070,634 | $24.3B | $724M | $1.45B | $16,968 | $34.48 |
| 2009 | 1,550 | 1,426,661 | $21.5B | $675M | $1.47B | $15,057 | $29.92 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 1,700 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 1,700 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| UPS Pension Plan | United Parcel Service of America, Inc. | GA | DB | 246,785 | $9.28B | $37,605 | $1,940 | $13.07 |
| UPS Retirement Plan | United Parcel Service of America, Inc. | GA | DB | 144,570 | $21.2B | $146,894 | $4,836 | $59.06 |
| Enterprise Holdings Retirement Savings Plan | The Crawford Group, Inc. | MO | DC | 98,663 | $7.56B | $76,626 | $3,768 | $5.68 |
| Randstad North America 401(k) Plan | Randstad North America | GA | DC | 90,250 | $674M | $7,471 | $51 | $10.86 |
| Cbre 401(k) Plan | Cbre Services, Inc. | TX | DC | 55,809 | $4.93B | $88,323 | $2,821 | $30.07 |
| Barrett Business Services, Inc. Retirement Savings Plan | Barrett Business Services, Inc. | WA | DC | 53,428 | $261M | $4,880 | $245 | $19.84 |
| Jones Lang Lasalle Savings and Retirement Plan | Jones Lang Lasalle Americas, Inc. | IL | DC | 47,898 | $3.87B | $80,876 | $2,710 | $59.17 |
| U-Haul Holding Company 401(k) Savings Plan | U-Haul Holding Company | AZ | DC | 37,756 | $552M | $14,608 | $0 | $26.18 |
| Greystar 401(k) Plan | Greystar Management Services, LLC. | TX | DC | 37,076 | $757M | $20,429 | $1,624 | $52.23 |
| Penske Cash Balance Benefit Plan | Penske Truck Leasing Co., L.P. | PA | DB | 35,611 | $667M | $18,737 | — | $142 |
| U-Haul Holding Company Employee Stock Ownership Plan | U-Haul Holding Company | AZ | DC | 29,513 | $561M | $19,012 | $1,559 | $0.50 |
| United Rentals 401(k) Investment Plan | United Rentals (North America), Inc. | CT | DC | 27,666 | $2.27B | $81,897 | $2,200 | $62.13 |
| Hertz Corporation Income Savings Plan | The Hertz Corporation | FL | DC | 21,322 | $638M | $29,912 | $1,020 | $28.02 |
| Sunbelt Rentals, Inc. Retirement Savings Plan | Sunbelt Rentals, Inc. | SC | DC | 21,188 | $1.19B | $56,237 | $1,933 | $91.08 |
| First American Financial Corporation 401(k) Savings Plan | First American Financial Corporation | CA | DC | 17,155 | $2.86B | $166,454 | $5,269 | $85.73 |
| Firstservice Residential 401(k) Plan | Firstservice Residential, Inc. | FL | DC | 17,112 | $383M | $22,401 | $557 | $33.39 |
| The Hertz Corporation Account Balance Defined Benefit Pension Plan | The Hertz Corporation | FL | DB | 17,012 | $325M | $19,083 | $3,427 | $116 |
| Great Wolf Resorts 401(k) Plan | Great Lakes Services, LLC | IL | DC | 13,368 | $62.2M | $4,651 | $477 | $19.32 |
| Encore Group (USA) LLC Retirement Savings Plan | Encore Group (USA), LLC | IL | DC | 12,963 | $453M | $34,964 | $1,114 | $62.91 |
| Anywhere Real Estate Group LLC Employee Savings Plan | Anywhere Real Estate Group LLC | NJ | DC | 9,815 | $1.04B | $106,167 | $2,751 | $56.52 |
| Extra Space Management, Inc. 401(k) Plan | Extra Space Management, Inc. | UT | DC | 9,480 | $211M | $22,264 | $1,048 | $46.48 |
| Zillow Group 401(k) Plan | Zillow Group, Inc. | WA | DC | 9,389 | $850M | $90,511 | $5,438 | $22.58 |
| Associa, Inc. 401(k) Plan | Associations, Inc. | TX | DC | 8,516 | $130M | $15,222 | $68 | $28.93 |
| Central Florida Investments, Inc. 401(k) Savings and Retirement Plan | Central Florida Investments, Inc. | FL | DC | 8,418 | $177M | $21,010 | $1,313 | $91.90 |
| Brookfield 401(k) Savings Plan | Brookfield Asset Management LLC | OH | DC | 8,395 | $1.36B | $161,884 | $7,375 | $96.26 |
| Costar Realty Information, Inc. 401(k) Retirement Plan | Costar Realty Information, Inc. | VA | DC | 8,285 | $753M | $90,875 | $4,498 | $59.03 |
| Herc Rentals Income Savings Plan | Herc Rentals, Inc. | FL | DC | 8,117 | $487M | $60,055 | $3,210 | $15.84 |
| Agiliti 401(k) | Agiliti Health, Inc. | MN | DC | 7,783 | $353M | $45,382 | $1,301 | $81.31 |
| Willow Bridge 401(k) Plan | Willow Bridge E.C.W. LLC | TX | DC | 7,444 | $177M | $23,813 | $621 | $47.38 |
| Homeservices Retirement Savings Plan | Homeservices of America, Inc. | MN | DC | 7,324 | $881M | $120,357 | $3,087 | $38.04 |
| Marsden Retirement Savings Plan | Marsden Services, L.L.C. | MN | DC | 7,264 | $21.9M | $3,018 | $178 | $14.77 |
| Lowe Enterprises, Inc. and Coraltree Hospitality Group LLC Employee 401(k) Plan | Lowe Enterprises, Inc. | CA | DC | 7,078 | $246M | $34,723 | $1,204 | $23.36 |
| Penske Logistics Retirement Savings Plan | Penske Truck Leasing Co., LP | PA | DC | 6,503 | $360M | $55,343 | $1,643 | $43.39 |
| Drury Team Member Savings Plan | Drury Hotels Company, LLC | MO | DC | 6,203 | $117M | $18,878 | $480 | $31.26 |
| Related Partners, Inc. Retirement Savings Plan | Related Partners, Inc. | NY | DC | 6,166 | $407M | $66,035 | $1,202 | $28.34 |
| PS 401(k) Profit Sharing Plan | Public Storage | CA | DC | 6,090 | $222M | $36,444 | $860 | $30.18 |
| The Brightview Senior Living 401(k) Plan | Brightview Senior Living, LLC | MD | DC | 5,999 | $103M | $17,167 | $533 | $74.15 |
| RPM Living, LLC 401(k) Plan | RPM Living, LLC | TX | DC | 5,960 | $64.4M | $10,800 | $1,588 | $73.36 |
| Thirty Fifteen Employee Stock Ownership Plan | The Berkley Group Inc. | FL | DC | 5,908 | $725M | $122,642 | — | — |
| Willscot 401(k) Plan | Williams Scotsman, Inc. | AZ | DC | 5,628 | $335M | $59,492 | $3,440 | $114 |
| Equipmentshare's Retirement Savings Plan | Equipmentshare.com, Inc. | MO | DC | 5,497 | $80.3M | $14,602 | $1,004 | $39.68 |
| Holiday Inn Club Vacations Incorporated Retirement Plan | Holiday Inn Club Vacations Incorporated | FL | DC | 5,481 | $160M | $29,210 | $1,725 | $58.21 |
| Redfin 401(k) Profit Sharing Plan | Redfin Corporation | WA | DC | 5,317 | $223M | $41,984 | $1,793 | $76.89 |
| Winn Management Group 401(k) Savings Plan | Winn Management Group LLC | MA | DC | 5,299 | $158M | $29,750 | $1,458 | $83.79 |
| Vacasa 401(k) Plan | Vacasa LLC | NV | DC | 5,274 | $116M | $22,006 | $1,824 | $50.21 |
| AB Car Rental Services Retirement Savings Plan for Bargaining Hourly Employees | Avis Budget Group, Inc. | NJ | DC | 5,214 | $82.3M | $15,783 | $321 | $24.92 |
| The Lincoln Property Company 401(k) Retirement and Savings Plan | LPC Services, Inc. | TX | DC | 5,036 | $289M | $57,295 | $1,304 | $69.68 |
| AVENUE5 Residential, LLC Employee Savings Plan | AVENUE5 Residential, LLC | WA | DC | 4,831 | $102M | $21,143 | $1,285 | $36.14 |
| Empire Retirement Savings Plan | Empire Southwest LLC | AZ | DC | 4,754 | $553M | $116,397 | $2,936 | $85.66 |
| Bozzuto & Associates, Inc. 401(k) Plan | Bozzuto & Associates, Inc. | MD | DC | 4,735 | $190M | $40,137 | $878 | $69.27 |
By plan size
By state
Business codes in this sector
| Code | Principal business activity | Plans 100+ | Participants | Net assets |
|---|---|---|---|---|
| 531310 | Real Estate Property Managers | 533 | 394,514 | $16.9B |
| 531390 | Other Activities Related to Real Estate | 450 | 379,997 | $23.4B |
| 531110 | Lessors of Residential Buildings & Dwellings (including equity REITs) | 214 | 321,332 | $7.06B |
| 532400 | Commercial & Industrial Machinery & Equipment Rental & Leasing | 121 | 160,432 | $9.75B |
| 531210 | Offices of Real Estate Agents & Brokers | 119 | 77,849 | $4.67B |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) (including equity REITs) | 79 | 47,960 | $3.88B |
| 531190 | Lessors of Other Real Estate Property (including equity REITs) | 46 | 68,246 | $6.37B |
| 532100 | Automotive Equipment Rental & Leasing | 36 | 227,095 | $9.54B |
| 533110 | Lessors of Nonfinancial Intangible Assets (except copyrighted works) | 26 | 403,673 | $31.3B |
Codes with 20 or more plans of 100+ participants in plan year 2024. Labels are from the official Form 5500 instructions.
Questions and answers
How many retirement plans are there in real estate and rental and leasing?
1,694 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 4,758 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in real estate and rental and leasing?
The median defined contribution plan reported $40,415 in net assets per participant (middle half of plans: $20,758 to $78,705); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in real estate and rental and leasing?
The median defined contribution plan received $1,625 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in real estate and rental and leasing?
Among defined contribution plans that report any Schedule C compensation, the median was $127 per participant and 0.34% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.