Retirement plan

SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN

Name: SIMON PROPERTY GROUP, L.P. - SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN (2024) Form 5500
Creator: SIMON PROPERTY GROUP, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN, SIMON PROPERTY GROUP, L.P.

SIMON PROPERTY GROUP, L.P.EIN 34-1755769Plan #002PY 2024

225 WEST WASHINGTON STREET - INDIANAPOLIS, IN 462043420317-636-1600simon.comLinkedIn5001-10000 employeesreal estate

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$597.6M

-3.9% from 2016

Total participants

4,340

+9.6% from 2016

Average account balance

$156,001

-11.1% from 2016

Annual return

14.97%

-6.07 pp from 2016

Benchmarks

See 154 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$597.64M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$156K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,831

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$303

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH Service code 50 4800 EAST DEER LAKE DRIVE · JACKSONVILLE, FL 32246	Direct Payment	$365,117
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$303,309
MERCER5 years Filed as: MERCER INVESTMENTS LLC Service code 27 · EIN 13-2834414	Advisory (Plan)	$267,024
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$163,702
ERNST & YOUNG LLP10+ years Service code 10 · EIN 34-6565596	Accounting	$60,825

Plan features & details

Pension benefit codes2E2F2G2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$360 / participant

Recordkeeping$669K57.6%
Investment mgmt$164K14.1%
Legal$1K0.1%
Contract admin$3000.0%
Other / not subdivided$327K28.1%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: $60,825
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,001

$58,644+166.0%

$178,505-12.6%

$200,096-22.0%

Participation rate

84.2%

65.5%+18.7pp

77.1%+7.1pp

72.0%+12.2pp

Annual return

14.97%

19.25%-4.3pp

27.16%-12.2pp

34.26%-19.3pp

Employer contribution / active EE

$3,977

$1,801+120.8%

$3,955+0.6%

$3,038+30.9%

Participant deferral / active EE

$7,161

$4,248+68.6%

$6,280+14.0%

$5,090+40.7%

Admin fee / account holder

$303

$145+108.6%

$10,428-97.1%

$269+12.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH

Service code 50

4800 EAST DEER LAKE DRIVE · JACKSONVILLE, FL 32246

Direct Payment

$365,117

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$303,309

MERCER5 years

Filed as: MERCER INVESTMENTS LLC

Service code 27 · EIN 13-2834414

Advisory (Plan)

$267,024

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$163,702

ERNST & YOUNG LLP10+ years

Service code 10 · EIN 34-6565596

Accounting

$60,825

SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMON PROPERTY GROUP AND ADOPTING ENTITIES MATCHING SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion