Plan Ledger DOL Form 5500 · updated monthly

Maximus, Inc.401(k)

MAXIMUS, INC. 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Maximus, Inc. reported $227,384 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $924 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.08% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 49th-largest of 2,266 plans among Virginia employers on file, and the 191st of 11,654 in professional & technical services. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 31,806 to 40,533 since 2022.

Plan summary
Net assets, end of year$913,172,255
Participants with balances20,755
Active participants40,533
Employer contributions$37,468,016
Employee contributions$82,447,371
Employer contribution per active participant$924
Average account balance$43,998
Benefits paid to participants$100,085,260
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$913.2M · 20,755 accts · $37.5M emplr
2023$763.1M · 20,433 accts · $35.2M emplr
2022$592.2M · 19,704 accts · $30.7M emplr
Administrative expenses, itemized · 2024
Investment management$409,686
Total administrative$227,384
The Maximus, Inc. 401(k) match · 2024
Employer contribution per active participant$924
Median for plans this size$4,294
2024$924 per active participant
2023$1,079 per active participant
2022$964 per active participant

Maximus, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$344,686
CREATIVE PLANNING HOLDCO, LLC · Investment advisory (plan)$48,750
CREATIVE PLANNING, LLC · Investment advisory (plan)$16,250
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$227,384 · 0.03%
2023$283,010 · 0.04%
2022$514,136 · 0.08%
All plans at this employer2
MAXIMUS, INC. 401(K) PLAN401(k)
MAXIMUS GSA RETIREMENT PLANProfit-sharing plan
Similar plansProfessional & Technical Services · Virginia
Hunton Andrews Kurth LLP VA$1.3B · 0.01%
Framatome Inc. VA$1.3B · 0.05%
Guidehouse Inc. VA$1.3B · 0.04%
McGuirewoods LLP VA$1.2B · 0.04%
Serco Inc. VA$744.1M · 0.19%
Sophia, L.P. VA$660.3M · 0.04%
Constellis 401(K) Plan VA$643.6M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541000588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.