Plan Ledger DOL Form 5500 · updated monthly

Serco Inc.401(k)

SERCO INC. 401(K) RETIREMENT PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Serco Inc. reported $1,337,741 in plan administrative expenses for 2024: 0.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,883 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 0.32% to 0.19%. 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 56th-largest of 2,266 plans among Virginia employers on file, and the 242nd of 11,654 in professional & technical services. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$744,142,236
Participants with balances10,436
Active participants7,147
Employer contributions$20,601,975
Employee contributions$47,039,764
Employer contribution per active participant$2,883
Average account balance$71,305
Benefits paid to participants$79,947,005
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLC
Plan history3
Yearassets · accounts · employer contribution
2024$744.1M · 10,436 accts · $20.6M emplr
2023$660.9M · 11,018 accts · $19.9M emplr
2022$552.3M · 10,947 accts · $19.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$872,877
Investment management$463,392
Total administrative$1,337,741
The Serco Inc. 401(k) match · 2024
Employer contribution per active participant$2,883
Median for plans this size$4,294
2024$2,883 per active participant
2023$2,695 per active participant
2022$2,472 per active participant

Serco Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size. 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 · 20243
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$463,392
SAGE VIEW ADVISORY · Consulting$85,000

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$1,337,741 · 0.19%
2023$2,114,954 · 0.35%
2022$1,878,267 · 0.32%
Same employer
Similar plansProfessional & Technical Services · Virginia
Guidehouse Inc. VA$1.3B · 0.04%
McGuirewoods LLP VA$1.2B · 0.04%
Maximus, Inc. VA$913.2M · 0.03%
Sophia, L.P. VA$660.3M · 0.04%
Constellis 401(K) Plan VA$643.6M · 0.17%
Zeta Associates VA$589.9M
Lmi Consulting LLC VA$524.6M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222902286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.