Macquarie Superannuation Plan — superannuation fund performance
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Macquarie Superannuation Plan reported A$49.0bn of total assets for 124,195 member accounts (average balance A$391k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 9.7%.
| Total assets | A$49.0bn |
| Member accounts | 124,195 |
| Average member balance | A$391k |
| 1-year rate of return | 9.7% |
| 5-year rate of return (annualised) | 6.8% |
| 10-year rate of return (annualised) | 5.3% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Macquarie Superannuation Plan ran on an operating expense ratio of 0.3% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$102.9m, equal to roughly 84.0% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.3% |
| Investment expense ratio | 0.0% |
| Administration and operating expenses | A$122.5m |
| Marketing spend | A$68k (about A$1 per member account) |
| Executive remuneration (expensed to the fund) | A$1.1m |
| Director remuneration | A$883k |
| Payments to related parties | A$102.9m |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 45 of this fund's products and options were tested, and every one of them passed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| Macquarie Super Consolidator II — Macquarie Access Growth SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Access Balanced SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Evolve Growth SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Access Hi Gro MultiAsset SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Evolve Hi Gro MultiAsset SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Evolve Balanced SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Accumulator — Macquarie Master Balanced Fund | Choice | Pass | 7.3% | 0.6% |
| Macquarie Super Accumulator — Macquarie Diversified Growth Fund | Choice | Pass* | — | 0.6% |
| Macquarie Super Consolidator II — Macquarie Access Conservative SMA | Choice | Pass* | — | 0.6% |
| Macquarie Super Manager II — Macquarie Access Growth SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Manager II — Macquarie Evolve Growth SMA | Choice | Pass* | — | 0.5% |
| Macquarie Super Consolidator II — Macquarie Evolve Balanced SMA | Choice | Pass* | — | 0.5% |
Showing 12 of 45 tested products/options for this fund (largest first).
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay".
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | — | — | — | — |
| Total & permanent disability (TPD) | 89.2% | A$25.7m | — | — |
| Income protection | 90.3% | A$10.5m | — | — |
The gender gap in this fund
In Macquarie Superannuation Plan, women's average balance was 9.0% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$285k |
| Average balance — male members | A$313k |
| Member accounts (female / male) | 50,802 / 55,103 |
Compare Macquarie Superannuation Plan with similar funds
The funds closest to Macquarie Superannuation Plan in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| HUB24 Super Fund | A$48.9bn | 9.1% | 4.3% | Similar size |
| Retirement Portfolio Service | A$39.9bn | 10.5% | 5.6% | Similar size |
| equipsuper | A$38.2bn | 10.2% | 6.5% | Similar size |
| AMP Super Fund | A$59.8bn | 10.6% | 6.7% | Similar size |
| Netwealth Superannuation Master Fund | A$38.0bn | 9.0% | 4.8% | Similar size |
| Brighter Super Fund | A$36.8bn | 10.3% | 6.6% | Similar size |
Questions this page answers
How big is Macquarie Superannuation Plan?
Macquarie Superannuation Plan held A$49.0bn in total assets for 124,195 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Macquarie Superannuation Plan delivered?
Macquarie Superannuation Plan reported a 9.7% one-year rate of return, and 5.3% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Macquarie Superannuation Plan charge in fees?
Macquarie Superannuation Plan reported an operating expense ratio of 0.3% and an investment expense ratio of 0.0% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did Macquarie Superannuation Plan's products pass the performance test?
45 of Macquarie Superannuation Plan's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.