Parexel International Corporation 401(k) Review & Grade
Parexel International Corporation 401(k) Retirement Savings Plan
Newton, MAProfessional, Scientific & Technical Services5,009 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,286Employer $ per active participant
$11,847Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$899.9MNet plan assets, end of year
$113,079Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost24.6 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 99th |
| Employee saving | 67th |
| Peers that auto-enroll | 47% |
Red flags from the filing
Corrective distributions: the plan refunded $6,800 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Parexel International put in about $4,286 per active participant, more than the typical peer ($2,951). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $21,466,527 |
| Participant (employee) contributions | $59,342,566 |
| Other contributions (incl. rollovers in) | $12,816,056 |
| Administrative expenses paid from the plan | $49,130 |
| Contract administrator fees | $900 |
| Benefits paid out | $79,337,913 |
| Net assets, start / end of year | $767.8M / $899.9M |
| Active participants, start / end of year | 4,934 / 5,084 |
| Participants with account balances | 7,958 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $49,130 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822085655NAL0005127057001, received 2025-08-22, EIN 04-2776269, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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