Plan Snapshot
- Plan Sponsor: Simon Property Group, L.P.
- Sponsor EIN: 341755769
- Sponsor Address: 225 WEST WASHINGTON STREET, INDIANAPOLIS, IN, 462043420
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 4,656
- Total Assets: $674.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 4,656 | $674.4M | $0 | $0 |
| 2024 | 3,223 | $597.6M | $12.8M | $23.1M |
| 2023 | 3,474 | $542.9M | $12.2M | $21.9M |
| 2022 | 3,390 | $476.0M | $11.2M | $20.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | Other Service Provider | $365,559 | — | $365,559 |
| STRATEGIC ADVISORS, INC. | Other Service Provider | $183,663 | — | $183,663 |
| MERRILL LYNCH | Other Service Provider | $183,138 | — | $183,138 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Other Service Provider | $85,768 | — | $85,768 |
| ERNST & YOUNG LLP | Other Service Provider | $62,118 | — | $62,118 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $880,246
- Estimated Expense Ratio: 0.131% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $63,133,507 | $183,663 | $300 | $62,118 | — |
| 2024 | $1,161,331 | $163,702 | $300 | $60,825 | — |
| 2023 | $642,714 | $145,762 | $1,800 | $58,360 | — |
| 2022 | $830,205 | $490,470 | — | — | $57,215 |