Retirement plan

THE MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Name: MACERICH PROPERTY MANAGEMENT COMPANY, LLC - THE MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: MACERICH PROPERTY MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN, MACERICH PROPERTY MANAGEMENT COMPANY, LLC

MACERICH PROPERTY MANAGEMENT COMPANY, LLCEIN 95-4853294Plan #001PY 2015

401 WILSHIRE BLVD, STE 700 - SANTA MONICA, CA 90401310-394-6000LinkedIn51-200 employeesreal estate

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$116.3M

No prior year

Total participants

1,352

No prior year

Average account balance

$100,125

No prior year

Annual return

-0.10%

No prior year

Benchmarks

See 109 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort109 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$226.03M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

967

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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
UBS FINANCIAL SERVICES INC1+ years Service code 55 · EIN 13-2638166	Other Commissions	$111,498
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$82,917
DRINKER BIDDLE & REATH LLP1+ years Filed as: DRINKER BIDDLE REATH LLP Service code 29 · EIN 23-1423089	Legal	$34,785
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$4,707
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-3429599	Other Services	$18

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$118K

$114 / participant

Contract admin$83K70.4%
Other / not subdivided$35K29.6%

% of EOY assets

0.101%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,125

$36,978+170.8%

$155,789-35.7%

$59,188+69.2%

Participation rate

81.5%

62.7%+18.8pp

76.1%+5.4pp

69.4%+12.1pp

Annual return

-0.10%

5.44%-5.5pp

71.54%-71.6pp

5.51%-5.6pp

Employer contribution / active EE

$3,267

$1,222+167.4%

$3,839-14.9%

$2,098+55.7%

Participant deferral / active EE

$6,435

$2,795+130.3%

$4,798+34.1%

$3,265+97.1%

Admin fee / account holder

$101

$65+55.7%

$7,477-98.6%

$92+9.8%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1+ years

Service code 55 · EIN 13-2638166

Other Commissions

$111,498

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$82,917

DRINKER BIDDLE & REATH LLP1+ years

Filed as: DRINKER BIDDLE REATH LLP

Service code 29 · EIN 23-1423089

Legal

$34,785

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$4,707

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-3429599

Other Services

$18

THE MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MACERICH PROPERTY MANAGEMENT COMPANY 401(K) PROFIT SHARING 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