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Industry · Form 5500 business code 531310
Real Estate Property Managers: 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.
For plan year 2024, 533 retirement plans in real estate property managers with 100 or more participants filed Form 5500: 530 defined contribution and 3 defined benefit. They reported 394,514 participant records and $16.9B in net assets, counting every plan on the form.
The median defined contribution plan held $31,443 per participant, well below the national median of $53,031, and its employer put in $1,340 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $124 per participant against $123 nationally.
Employers contributed $476M and participants $1.11B during the year, and the plans paid out $1.71B in benefits.
In 2009 the same group numbered 498 plans with $3.96B; by 2024 it was 533 plans (up 7%) and $16.9B (up 327%). 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 | $31,443 | $53,031 | $129,973 | $86,234 |
| Employer contributions per active participant | $1,340 | $2,174 | $20,330 | $10,244 |
| Schedule C compensation per participant | $124 | $123 | $764 | $344 |
| Schedule C compensation, share of net assets | 0.41% | 0.26% | 0.59% | 0.42% |
| Administrative expenses per participant | $120 | $116 | $778 | $527 |
Medians across plans with 100 or more participants (502 DC and 3 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 | $17,571 | $31,443 | $60,203 | 502 |
| Employer contributions per active participant | $713 | $1,340 | $2,237 | 485 |
| Schedule C compensation per participant | $56.13 | $124 | $210 | 485 |
| Administrative expenses per participant | $47.28 | $120 | $211 | 493 |
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 | 84 | 58,050 | $2.88B | $65.8M | $156M | $40,270 | $127 |
| 2024 | 533 | 394,514 | $16.9B | $476M | $1.11B | $31,443 | $124 |
| 2023 | 533 | 359,434 | $14.7B | $442M | $1.03B | $30,206 | $110 |
| 2022 | 646 | 361,819 | $12.4B | $388M | $969M | $22,439 | $102 |
| 2021 | 627 | 334,436 | $14.9B | $339M | $871M | $27,665 | $105 |
| 2020 | 617 | 331,428 | $13.2B | $299M | $833M | $25,524 | $84.25 |
| 2019 | 604 | 349,270 | $11.5B | $316M | $825M | $21,965 | $66.82 |
| 2018 | 581 | 314,966 | $9.10B | $280M | $705M | $18,177 | $57.77 |
| 2017 | 558 | 290,097 | $9.51B | $260M | $621M | $20,538 | $51.20 |
| 2016 | 541 | 282,052 | $7.94B | $231M | $552M | $17,773 | $46.58 |
| 2015 | 536 | 269,052 | $7.07B | $213M | $494M | $16,985 | $44.46 |
| 2014 | 505 | 246,526 | $6.86B | $193M | $442M | $17,367 | $41.23 |
| 2013 | 489 | 233,495 | $6.37B | $171M | $405M | $16,977 | $35.06 |
| 2012 | 495 | 244,126 | $5.41B | $169M | $384M | $14,291 | $37.60 |
| 2011 | 491 | 239,373 | $4.71B | $148M | $365M | $12,792 | $34.44 |
| 2010 | 491 | 235,471 | $4.62B | $137M | $340M | $13,293 | $34.01 |
| 2009 | 498 | 254,213 | $3.96B | $143M | $334M | $11,469 | $27.18 |
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 534 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 534 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Jones Lang Lasalle Savings and Retirement Plan | Jones Lang Lasalle Americas, Inc. | IL | DC | 47,898 | $3.87B | $80,876 | $2,710 | $59.17 |
| Great Wolf Resorts 401(k) Plan | Great Lakes Services, LLC | IL | DC | 13,368 | $62.2M | $4,651 | $477 | $19.32 |
| Extra Space Management, Inc. 401(k) Plan | Extra Space Management, Inc. | UT | DC | 9,480 | $211M | $22,264 | $1,048 | $46.48 |
| Willow Bridge 401(k) Plan | Willow Bridge E.C.W. LLC | TX | DC | 7,444 | $177M | $23,813 | $621 | $47.38 |
| Marsden Retirement Savings Plan | Marsden Services, L.L.C. | MN | DC | 7,264 | $21.9M | $3,018 | $178 | $14.77 |
| Winn Management Group 401(k) Savings Plan | Winn Management Group LLC | MA | DC | 5,299 | $158M | $29,750 | $1,458 | $83.79 |
| 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 |
| Simon Property Group and Adopting Entities Matching Savings Plan | Simon Property Group, L.P. | IN | DC | 4,656 | $674M | $144,837 | $3,939 | $189 |
| Fpi Management, Inc. 401(k) Plan | Fpi Management, Inc. | CA | DC | 4,448 | $23.2M | $5,211 | $2 | $21.59 |
| MBK Real Estate LLC 401(k) Plan | MBK Real Estate LLC | CA | DC | 4,350 | $34.1M | $7,836 | $420 | $17.43 |
| Amc, LLC 401(k) Plan | Apartment Management Consultants, LLC | UT | DC | 3,794 | $23.4M | $6,180 | $76 | $38.17 |
| Wework 401(k) Plan | Wework Management LLC | NY | DC | 3,672 | $162M | $44,057 | $0 | $41.01 |
| The Michaels Organization 401(k) Plan | The Michaels Organization, LLC | NJ | DC | 3,572 | $100M | $28,059 | $1,954 | $84.29 |
| Hunt Companies Business Services, LLC 401(k) Plan | Hunt Companies Business Services, LLC | TX | DC | 3,495 | $204M | $58,368 | $2,237 | $19.83 |
| Cubesmart, L.P. 401(k) Plan | Cubesmart, L.P. | PA | DC | 3,283 | $59.7M | $18,196 | $733 | $85.60 |
| Realmanage, LLC 401(k) Plan | Realmanage, LLC | TX | DC | 3,029 | $29.7M | $9,807 | $249 | $83.15 |
| BH Management 401(k) Plan | BH Management Services, LLC | IA | DC | 2,926 | $58.7M | $20,074 | $1,614 | $69.69 |
| American House 401(k) Plan | American House Management Company, LLC | MI | DC | 2,818 | $8.5M | $3,029 | $76 | $23.93 |
| Southern Management Companies LLC 401(k) Savings Plan | Southern Management Companies LLC | VA | DC | 2,765 | $91.7M | $33,149 | $1,297 | $72.40 |
| Progress Residential 401(k) Plan | Progress Residential | AZ | DC | 2,688 | $61.4M | $22,829 | $1,649 | $112 |
| Dimension Hospitality, LLC 401(k) Plan | Dimension Hospitality, LLC | FL | DC | 2,671 | $25.7M | $9,625 | $258 | $30.12 |
| Transwestern 401(k) Plan | Transwestern Commercial Services LLC | IL | DC | 2,608 | $256M | $98,298 | $1,736 | $90.31 |
| Essex Portfolio L.P. 401(k) Plan | Essex Portfolio L.P. | CA | DC | 2,530 | $138M | $54,617 | $2,039 | $107 |
| CPM & Rosemurgy Properties 401(k) Retirement Plan | Campbell Property Management | FL | DC | 2,495 | $7.2M | $2,868 | — | $1.53 |
| Camden Development, Inc. 401(k) Plan and Trust | Camden Development Inc. | TX | DC | 2,396 | $195M | $81,567 | $2,001 | $19.05 |
| East West Resorts, LLC Savings and Retirement Plan | East West Resorts Employee Company, LLC | CO | DC | 2,387 | $43.7M | $18,308 | $718 | $88.15 |
| Arrow Senior Living Management, LLC 401(k) Plan | Arrow Senior Living Management, LLC | MO | DC | 2,362 | $9.2M | $3,890 | $344 | $18.57 |
| The Waters 401(k) Retirement Plan | The Waters Senior Living Management | MN | DC | 2,062 | $10.4M | $5,052 | $282 | $35.93 |
| KW Property Managem LLC 401(k) Profit Sharing Plan & Tru | KW Property Management LLC | FL | DC | 2,048 | $25.3M | $12,359 | $838 | $2.37 |
| Singh Management Co., LLC 401(k) Profit Sharing Plan and Trust | Singh Management Co., LLC | MI | DC | 2,037 | $18.8M | $9,234 | $270 | $20.73 |
| The Millennia Housing Management, Ltd. 401(k) Plan | Millennia Housing Management, Ltd. | OH | DC | 2,019 | $3.8M | $1,902 | $0 | $18.50 |
| Village Green Holding, LLC Retirement Savings Program | Village Green Holding, LLC | MI | DC | 1,927 | $47.6M | $24,702 | $1,032 | $10.07 |
| Con Am 401(k) Retirement Plan | Con Am Management Corporation | CA | DC | 1,841 | $37.6M | $20,436 | $337 | $367 |
| Weidner 401(k) Retirement Savings Plan | Weidner Property Management LLC | WA | DC | 1,810 | $63.2M | $34,892 | $1,995 | $62.47 |
| Coury Hospitality, LLC 401(k) Retirement Plan | Coury Hospitality, LLC | TX | DC | 1,708 | $7.3M | $4,255 | $360 | $25.26 |
| Pacific Langham 401(k) Plan | Pacific Landmark Limited | CA | DC | 1,674 | $50.9M | $30,385 | $1,496 | $106 |
| Professional Hospitality Resources 401(k) Plan | Professional Hospitality Resources, Inc. | VA | DC | 1,662 | $28.8M | $17,313 | $570 | $49.59 |
| Air 401(k) Retirement Plan | Apartment Income Reit LLC | CO | DC | 1,623 | $114M | $70,124 | $1,543 | $61.16 |
| Hallkeen Management, Inc. 401(k) Retirement Plan | Hallkeen Management, Inc. | MA | DC | 1,618 | $27.2M | $16,808 | $284 | $187 |
By plan size
By state
Questions and answers
How many retirement plans are there in real estate property managers?
533 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 1,256 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 property managers?
The median defined contribution plan reported $31,443 in net assets per participant (middle half of plans: $17,571 to $60,203); 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 property managers?
The median defined contribution plan received $1,340 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 property managers?
Among defined contribution plans that report any Schedule C compensation, the median was $124 per participant and 0.41% 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.