Industries › Real estate and rental and leasing
Industry · Form 5500 business code 531120
Lessors of Nonresidential Buildings (except Miniwarehouses) (including equity REITs): retirement plans
Plans whose sponsor entered this principal business activity code 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.
79 retirement plans in lessors of nonresidential buildings (except miniwarehouses) (including equity reits) with 100 or more participants filed Form 5500 for plan year 2024 (78 defined contribution, 1 defined benefit). All Form 5500 pension filers in the group reported 47,960 participant records and $3.88B in net assets.
The median defined contribution plan held $89,918 per participant, well above the national median of $53,031, and its employer put in $2,825 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $145 per participant against $123 nationally.
Employers contributed $104M and participants $209M during the year, and the plans paid out $369M in benefits.
In 2009 the same group numbered 81 plans with $1.59B; by 2024 it was 79 plans (down 2%) and $3.88B (up 144%). 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 | $89,918 | $53,031 | $59,339 | $86,234 |
| Employer contributions per active participant | $2,825 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $145 | $123 | $338 | $344 |
| Schedule C compensation, share of net assets | 0.22% | 0.26% | 0.57% | 0.42% |
| Administrative expenses per participant | $146 | $116 | $440 | $527 |
Medians across plans with 100 or more participants (73 DC and 1 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 | $31,583 | $89,918 | $141,432 | 73 |
| Employer contributions per active participant | $1,557 | $2,825 | $4,951 | 73 |
| Schedule C compensation per participant | $62.89 | $145 | $280 | 71 |
| Administrative expenses per participant | $66.68 | $146 | $268 | 70 |
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 | 12 | 14,558 | $1.47B | $36.3M | $74.2M | $123,797 | $114 |
| 2024 | 79 | 47,960 | $3.88B | $104M | $209M | $89,918 | $145 |
| 2023 | 77 | 48,867 | $3.44B | $101M | $201M | $78,669 | $110 |
| 2022 | 92 | 48,367 | $2.72B | $90.2M | $189M | $56,504 | $139 |
| 2021 | 91 | 47,492 | $3.64B | $113M | $165M | $75,938 | $122 |
| 2020 | 90 | 44,066 | $3.12B | $78.2M | $155M | $66,691 | $105 |
| 2019 | 90 | 47,170 | $2.65B | $83.9M | $151M | $53,460 | $77.20 |
| 2018 | 88 | 46,219 | $2.23B | $69.6M | $137M | $47,482 | $73.38 |
| 2017 | 89 | 44,345 | $2.29B | $59.8M | $122M | $49,618 | $81.09 |
| 2016 | 90 | 44,300 | $1.76B | $54.5M | $115M | $42,293 | $66.91 |
| 2015 | 90 | 44,649 | $1.63B | $52.4M | $109M | $40,623 | $56.28 |
| 2014 | 83 | 40,250 | $1.95B | $44.8M | $94.2M | $44,766 | $45.85 |
| 2013 | 82 | 39,913 | $2.18B | $41.0M | $86.1M | $42,510 | $37.76 |
| 2012 | 79 | 39,779 | $1.93B | $38.3M | $77.6M | $33,617 | $40.12 |
| 2011 | 81 | 41,130 | $1.76B | $36.9M | $72.7M | $28,463 | $46.38 |
| 2010 | 87 | 39,299 | $1.82B | $33.5M | $63.9M | $29,045 | $39.39 |
| 2009 | 81 | 334,406 | $1.59B | $29.9M | $65.0M | $29,094 | $53.23 |
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 79 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 79 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Willscot 401(k) Plan | Williams Scotsman, Inc. | AZ | DC | 5,628 | $335M | $59,492 | $3,440 | $114 |
| Irvine Company Unified Savings Plan | Irvine Management Company | CA | DC | 4,508 | $584M | $129,634 | $5,635 | $34.32 |
| Regus Management Group, LLC 401(k) Savings Plan | Regus Management Group, LLC | TX | DC | 4,033 | $131M | $32,389 | $1,210 | $11.43 |
| Prologis 401(k) Savings Plan | Prologis L.P. | CO | DC | 2,671 | $589M | $220,679 | $6,734 | $80.87 |
| CSS Payroll 401(k) Plan | CSS Payroll Co. LP | CA | DC | 1,796 | $42.9M | $23,903 | $0 | $79.52 |
| CSM Corporation 401(k) Retirement Plan | CSM Corporation | MN | DC | 1,749 | $39.9M | $22,831 | $812 | $81.38 |
| Koury Corporation 401(k) / Profit Sharing Retirement Plan | Koury Corporation | NC | DC | 1,142 | $28.4M | $24,845 | $849 | $18.14 |
| Kimco Realty Corporation 401(k) Plan | Kimco Realty Corporation | NY | DC | 1,063 | $267M | $250,857 | $5,085 | $51.94 |
| Mpi MGMT LLC d/b/a Olshan Properties 401(k) Plan | Mpi Management LLC DBA Olshan PR | OH | DC | 815 | $12.9M | $15,843 | $359 | $109 |
| Sbux Management Associates, LLC 401(k) Plan | Sbux Management Associates, LLC | IN | DC | 799 | $2.4M | $2,960 | $1,435 | $109 |
| Jamestown 401(k) Plan | Jamestown Management Corp. | GA | DC | 745 | $90.2M | $121,058 | $4,964 | $317 |
| Healthcare Realty Trust Inc. 401(k) Profit Sharing Plan | Healthcare Realty Trust Incorporated | TN | DC | 714 | $51.7M | $72,431 | $2,353 | $96.44 |
| Chase Brexton Health Services, Inc. 403(b) Plan | Chase Brexton Health Services, Inc. | MD | DC | 706 | $28.2M | $39,903 | $1,725 | $302 |
| Realty Center Management, Inc. 401(k) Plan | Realty Center Management, Inc. | CA | DC | 691 | $18.4M | $26,569 | $1,145 | $162 |
| Center for Elders' Independence 403(b) Plan | Center for Elders' Independence | CA | DC | 619 | $27.9M | $45,008 | $3,650 | $28.57 |
| Industrious Staffing 401(k) Plan | Industrious Staffing Company LLC | NY | DC | 619 | $15.4M | $24,832 | $1,700 | — |
| Copt Defense Properties, LP Employee Retirement Savings Plan | Copt Defense Properties, LP | MD | DC | 583 | $109M | $186,426 | $4,873 | $99.47 |
| Crown Diversified Industries Corp. & Affiliates 401(k) PS Plan | Crown Diversified Industries Corporation | MO | DC | 582 | $15.0M | $25,857 | $1,212 | $148 |
| Realty Income Retirement Savings Plan | Realty Income Corporation | CA | DC | 548 | $67.8M | $123,797 | $3,531 | $183 |
| Commonwealth Lodging Management, LLC 401(k) Profit Sharing Plan | Commonwealth Lodging Management, LLC | VA | DC | 537 | — | — | — | — |
| C.J. Segerstrom & Sons 401(k) Savings & Investment Plan | C. J. Segerstrom & Sons | CA | DC | 528 | $76.7M | $145,192 | $5,532 | $15.92 |
| Tanger Inc. 401(k) Savings Plan | Tanger Properties Limited Partnership | NC | DC | 521 | $39.6M | $76,098 | $3,326 | $68.01 |
| Clarion Partners, LLC 401(k) Profit Sharing Plan | Clarion Partners, LLC | NY | DC | 505 | $167M | $330,206 | $14,492 | $264 |
| Maintenx 401(k) Plan | Maintenx International Service Management Group, Inc. | FL | DC | 504 | $11.4M | $22,708 | $1,557 | $109 |
| WS Asset Management, Inc. 401(k) and Profit Sharing Plan | WS Asset Management, Inc. | MA | DC | 494 | $54.4M | $110,119 | $3,655 | $268 |
| Benderson Development Co., LLC 401(k) Retirement Plan | Benderson Development Co., LLC | FL | DC | 470 | $71.6M | $152,441 | $2,825 | $188 |
| Metronational Corporation Retirement Savings Plan | Metro National Corporation | TX | DC | 469 | $38.0M | $80,931 | $3,586 | $145 |
| Hudson Pacific Properties 401(k) Plan | Hudson Pacific Properties, LP | CA | DC | 460 | $59.7M | $129,794 | $4,951 | $229 |
| Cousins Properties Retirement Savings Plan | Cousins Employees, LLC | GA | DC | 444 | $51.1M | $115,010 | $3,480 | $190 |
| Guard Publishing Company Retirement Plan | Guard Publishing Company | OR | DB | 441 | $26.2M | $59,339 | — | $338 |
| 403(b) Thrift Plan for Employees of Community Action Partnership of Lancaster County, Inc. | Community Action Partnership of Lancaster, Inc. | PA | DC | 434 | $12.3M | $28,340 | $1,041 | $8.87 |
| Golden Arch Development LLC Savings and Profit Sharing Plan | Golden Arch Development LLC | PR | DC | 430 | $9.7M | $22,612 | $447 | $104 |
| Biomed Realty 401(k) Retirement Savings Plan | Biomed Realty, L.P. | CA | DC | 408 | $66.3M | $162,587 | $9,275 | $532 |
| Shee Atika, Inc. 401(k) Plan | Shee Atika Inc. | AK | DC | 395 | $14.7M | $37,209 | $3,971 | $3.92 |
| MRC 401(k) Savings Plan | Majestic Realty Co. | CA | DC | 369 | $79.1M | $214,328 | $5,189 | $46.42 |
| The Forbes Company, LLC Employees Profit Sharing 401(k) Plan | The Forbes Company, LLC | MI | DC | 349 | $22.8M | $65,317 | $3,799 | $138 |
| Van Wagner Group, LLC Retirement Savings Plan | Van Wagner Group, LLC | NY | DC | 330 | $43.2M | $130,880 | $3,653 | $252 |
| Empire State Realty Trust 401(k) Plan | Empire State Realty Op, L.P. | NY | DC | 327 | $41.6M | $127,153 | $5,850 | $274 |
| Harrison Enterprises 401(k) Plan | Harrison Enterprises | PA | DC | 327 | $2.3M | $7,022 | $23 | $53.32 |
| Dallas Market Center Company, Ltd. Employee Retirement Savings Plan | Dallas Market Center Company, Ltd. | TX | DC | 303 | $30.1M | $99,434 | $3,412 | $107 |
By plan size
By state
Questions and answers
How many retirement plans are there in lessors of nonresidential buildings (except miniwarehouses) (including equity reits)?
79 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 290 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 lessors of nonresidential buildings (except miniwarehouses) (including equity reits)?
The median defined contribution plan reported $89,918 in net assets per participant (middle half of plans: $31,583 to $141,432); 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 lessors of nonresidential buildings (except miniwarehouses) (including equity reits)?
The median defined contribution plan received $2,825 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 lessors of nonresidential buildings (except miniwarehouses) (including equity reits)?
Among defined contribution plans that report any Schedule C compensation, the median was $145 per participant and 0.22% 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.