Macerich Property Management Company LLC. 401(k) Review & Grade
Macerich Property Management Company 401(k) Profit Sharing Plan
Santa Monica, CAReal Estate & Rental638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,710Employer $ per active participant
$11,916Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$226.0MNet plan assets, end of year
$233,747Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 67th |
| Employee saving | 96th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,090 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Macerich Property Management Company put in about $5,710 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,639,967 |
| Participant (employee) contributions | $7,596,184 |
| Other contributions (incl. rollovers in) | $1,212,200 |
| Administrative expenses paid from the plan | $288,318 |
| Investment advisory & management fees | $149,423 |
| Other admin expenses | $350 |
| Benefits paid out | $23,911,078 |
| Net assets, start / end of year | $208.0M / $226.0M |
| Active participants, start / end of year | 657 / 618 |
| Participants with account balances | 967 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $2,112,496 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $138,545 reported compensation |
| Ubs Financial Services Inc | $131,689 reported compensation |
| Mesirow Financial Investment Manage | $17,735 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905123918NAL0010589075001, received 2025-09-05, EIN 95-4853294, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.