SL Green Realty Corp 401(k) Review & Grade
SL Green Realty Corp 401(k) Plan
New York, NYReal Estate & Rental508 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,097Employer $ per active participant
$9,242Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$107.1MNet plan assets, end of year
$140,237Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score82 / 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 | 89th |
| Lower admin cost | 84th |
| Employee saving | 93th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- SL Green Realty put in about $4,097 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.
- 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 | $2,079,195 |
| Participant (employee) contributions | $4,690,442 |
| Other contributions (incl. rollovers in) | $615,774 |
| Administrative expenses paid from the plan | $61,433 |
| Investment advisory & management fees | $113,449 |
| Benefits paid out | $7,005,979 |
| Net assets, start / end of year | $88.3M / $107.1M |
| Active participants, start / end of year | 496 / 519 |
| Participants with account balances | 764 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $93,939 reported compensation |
| Strategic Advisors, Inc. | $19,510 reported compensation |
| Fidelity Investments Institutional | −$52,016 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904132218NAL0009750195001, received 2025-09-04, EIN 13-3956775, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.