Maximus, Inc. 401(k) Review & Grade
Maximus, Inc. 401(k) Plan
Mclean, VAProfessional, Scientific & Technical Services36,587 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,024Employer $ per active participant
$2,253Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$913.2MNet plan assets, end of year
$43,998Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 86th |
| Employee saving | 17th |
| Peers that auto-enroll | 39% |
Get the monthly 401(k) report card
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Maximus put in about $1,024 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $37,468,016 |
| Participant (employee) contributions | $82,447,371 |
| Other contributions (incl. rollovers in) | $12,068,359 |
| Administrative expenses paid from the plan | $227,384 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $409,686 |
| Benefits paid out | $100,085,260 |
| Net assets, start / end of year | $763.1M / $913.2M |
| Active participants, start / end of year | 32,641 / 40,533 |
| Participants with account balances | 20,755 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $344,686 reported compensation |
| Creative Planning Holdco, LLC | $48,750 reported compensation |
| Creative Planning, LLC | $16,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009124557NAL0015541122001, received 2025-10-09, EIN 54-1000588, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.