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Industry · Form 5500 business code 531390
Other Activities Related to Real Estate: 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, 450 retirement plans in other activities related to real estate with 100 or more participants filed Form 5500: 439 defined contribution and 11 defined benefit. They reported 379,997 participant records and $23.4B in net assets, counting every plan on the form.
The median defined contribution plan held $53,546 per participant, close to the national median of $53,031, and its employer put in $1,872 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $122 per participant against $123 nationally.
Employers contributed $585M and participants $1.43B during the year, and the plans paid out $2.27B in benefits.
In 2009 the same group numbered 418 plans with $6.31B; by 2024 it was 450 plans (up 8%) and $23.4B (up 270%). 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 | $53,546 | $53,031 | $82,435 | $86,234 |
| Employer contributions per active participant | $1,872 | $2,174 | $3,268 | $10,244 |
| Schedule C compensation per participant | $122 | $123 | $595 | $344 |
| Schedule C compensation, share of net assets | 0.29% | 0.26% | 0.69% | 0.42% |
| Administrative expenses per participant | $124 | $116 | $906 | $527 |
Medians across plans with 100 or more participants (419 DC and 11 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 | $25,386 | $53,546 | $95,745 | 419 |
| Employer contributions per active participant | $939 | $1,872 | $3,376 | 395 |
| Schedule C compensation per participant | $61.61 | $122 | $241 | 397 |
| Administrative expenses per participant | $56.44 | $124 | $241 | 403 |
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 | 80 | 107,515 | $7.81B | $172M | $469M | $72,340 | $122 |
| 2024 | 450 | 379,997 | $23.4B | $585M | $1.43B | $53,546 | $122 |
| 2023 | 453 | 397,401 | $21.0B | $593M | $1.40B | $46,692 | $109 |
| 2022 | 493 | 389,832 | $17.9B | $565M | $1.36B | $36,398 | $112 |
| 2021 | 493 | 388,742 | $21.9B | $492M | $1.27B | $44,686 | $115 |
| 2020 | 494 | 372,959 | $18.7B | $445M | $1.11B | $39,843 | $89.74 |
| 2019 | 490 | 368,030 | $15.9B | $447M | $1.03B | $33,799 | $79.10 |
| 2018 | 460 | 350,792 | $13.1B | $409M | $922M | $29,549 | $72.47 |
| 2017 | 450 | 339,042 | $13.5B | $436M | $819M | $32,095 | $61.97 |
| 2016 | 425 | 333,569 | $11.4B | $382M | $751M | $29,307 | $53.51 |
| 2015 | 408 | 330,111 | $10.9B | $328M | $683M | $27,324 | $45.88 |
| 2014 | 412 | 329,025 | $10.8B | $305M | $608M | $28,105 | $36.73 |
| 2013 | 412 | 313,904 | $10.1B | $291M | $543M | $26,102 | $30.47 |
| 2012 | 417 | 295,496 | $8.52B | $273M | $490M | $23,273 | $34.56 |
| 2011 | 420 | 312,435 | $7.49B | $262M | $455M | $20,829 | $28.99 |
| 2010 | 414 | 286,594 | $7.23B | $196M | $416M | $19,698 | $33.77 |
| 2009 | 418 | 293,136 | $6.31B | $171M | $420M | $17,301 | $28.46 |
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 456 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 456 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Cbre 401(k) Plan | Cbre Services, Inc. | TX | DC | 55,809 | $4.93B | $88,323 | $2,821 | $30.07 |
| Firstservice Residential 401(k) Plan | Firstservice Residential, Inc. | FL | DC | 17,112 | $383M | $22,401 | $557 | $33.39 |
| 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 |
| 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 |
| Costar Realty Information, Inc. 401(k) Retirement Plan | Costar Realty Information, Inc. | VA | DC | 8,285 | $753M | $90,875 | $4,498 | $59.03 |
| 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 |
| The Brightview Senior Living 401(k) Plan | Brightview Senior Living, LLC | MD | DC | 5,999 | $103M | $17,167 | $533 | $74.15 |
| Thirty Fifteen Employee Stock Ownership Plan | The Berkley Group Inc. | FL | DC | 5,908 | $725M | $122,642 | — | — |
| Holiday Inn Club Vacations Incorporated Retirement Plan | Holiday Inn Club Vacations Incorporated | FL | DC | 5,481 | $160M | $29,210 | $1,725 | $58.21 |
| Bozzuto & Associates, Inc. 401(k) Plan | Bozzuto & Associates, Inc. | MD | DC | 4,735 | $190M | $40,137 | $878 | $69.27 |
| Pay Deferral and Savings Plan of Hines Interests Limited Partnership | Hines Interests Limited Partnership | TX | DC | 4,550 | $873M | $191,905 | $5,510 | $86.21 |
| Planned Companies 401(k) Plan | Planned Companies Holding, Inc. | NJ | DC | 3,851 | $11.2M | $2,899 | $87 | $4.95 |
| Local 670 Pension Plan | Local 670 Pension Fund | NY | DB | 3,431 | $83.7M | $24,402 | $3,115 | $72.04 |
| The Resorts Companies, Inc. Employee Stock Ownership Plan | The Resorts Companies, Inc. | VA | DC | 3,124 | $345M | $110,374 | $7,966 | — |
| Rise Inc. 403(b) Employee Retirement Plan | Rise, Inc. | AZ | DC | 3,057 | $4.5M | $1,480 | $21 | $19.61 |
| Senior Resource Group 401(k) Retirement Plan | SRG Operating, Inc. | CA | DC | 2,968 | $40.1M | $13,524 | $953 | $68.70 |
| Belmont Village, L.P. 401(k) Savings Plan | Belmont Village, L.P. | TX | DC | 2,953 | $59.2M | $20,062 | $618 | $60.77 |
| Castle Management, LLC 401(k) Plan | Castle Management, LLC | FL | DC | 2,935 | $23.2M | $7,893 | $208 | $0.58 |
| Xanterra Parks & Resorts, Inc. Employee Savings Plan | Xanterra Parks & Resorts, Inc. | CO | DC | 2,887 | $115M | $39,702 | $991 | $100 |
| LMLC Operations LLC Retirement Plan and Trust | LMLC Operations LLC | MT | DC | 2,860 | $47.5M | $16,617 | $1,194 | $79.67 |
| Oto Development 401(k) Plan | Oto Development, LLC | SC | DC | 2,643 | $41.6M | $15,736 | $959 | $37.91 |
| M.D.C. Holdings, Inc. 401(k) Savings Plan | M.D.C. Holdings, Inc. | CO | DC | 2,552 | $159M | $62,240 | $1,953 | $61.61 |
| Hri 401(k) Plan | Hri Shared Services, LLC | LA | DC | 2,214 | $44.0M | $19,877 | $940 | $121 |
| Fairfield 401(k) Plan | FF Properties LP | CA | DC | 2,077 | $162M | $78,146 | $2,066 | $123 |
| The John Stewart Company 401(k) Plan | The John Stewart Company | CA | DC | 1,968 | $66.6M | $33,837 | $1,078 | $120 |
| Balfour Beatty Investments, Inc. 401(k) Plan | Balfour Beatty Investments Inc. | PA | DC | 1,925 | $47.1M | $24,457 | $557 | $123 |
| Opendoor Labs Inc. 401(k) Profit Sharing Plan | Opendoor Labs Inc. | AZ | DC | 1,919 | $67.5M | $35,152 | $819 | $82.32 |
| Dream Finders Homes 401(k) Plan | Dream Finders Homes, LLC | FL | DC | 1,908 | $98.2M | $51,467 | $4,276 | $129 |
| Anthology Senior Living 401(k) Plan | Ca Senior Management LLC | IL | DC | 1,844 | $4.7M | $2,535 | $163 | $30.51 |
| Bgis Global Integrated Solutions US, LLC 401(k) Plan | Bgis Global Integrated Solutions US, LLC | — | DC | 1,812 | $47.2M | $26,030 | $1,838 | $15.71 |
| The LMH 401(k) Retirement and Savings Plan | LMH Service, Inc. | CA | DC | 1,668 | $54.2M | $32,474 | $1,034 | $70.27 |
| Scion Group 401(k) Plan | Scion Group Management, Inc. | IL | DC | 1,569 | $19.9M | $12,657 | $739 | $86.02 |
| Lgi Homes, Inc. 401(k) Plan | Lgi Homes, Inc. | TX | DC | 1,505 | $91.0M | $60,440 | $3,885 | $135 |
| Primrose Retirement Plan | Primrose Retirement Communities | SD | DC | 1,433 | $12.5M | $8,726 | $439 | $53.81 |
| The Love Companies 401(k) Plan | The Love Companies | MO | DC | 1,410 | $18.6M | $13,185 | $528 | $179 |
| Bethesda 403(b) Retirement Plan | Bethesda Associates | CO | DC | 1,404 | $20.6M | $14,704 | $640 | $102 |
| Korman Communities 401(k) Plan | SHK Management, Inc. | PA | DC | 1,390 | $49.3M | $35,452 | $1,077 | $112 |
By plan size
By state
Questions and answers
How many retirement plans are there in other activities related to real estate?
450 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 1,466 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 other activities related to real estate?
The median defined contribution plan reported $53,546 in net assets per participant (middle half of plans: $25,386 to $95,745); 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 other activities related to real estate?
The median defined contribution plan received $1,872 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 other activities related to real estate?
Among defined contribution plans that report any Schedule C compensation, the median was $122 per participant and 0.29% 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.