Serco Inc. 401(k) Review & Grade
Serco Inc. 401(k) Retirement Plan
Herndon, VAProfessional, Scientific & Technical Services7,274 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,832Employer $ per active participant
$6,466Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$744.1MNet plan assets, end of year
$71,305Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost9.1 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 37th |
| Employee saving | 34th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,354 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Serco put in about $2,832 per active participant, below the typical peer ($2,951). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $20,601,975 |
| Participant (employee) contributions | $47,039,764 |
| Other contributions (incl. rollovers in) | $5,460,636 |
| Administrative expenses paid from the plan | $1,337,741 |
| Contract administrator fees | $844,833 |
| Investment advisory & management fees | $463,392 |
| Other admin expenses | $1,472 |
| Benefits paid out | $79,947,005 |
| Net assets, start / end of year | $660.9M / $744.1M |
| Active participants, start / end of year | 7,402 / 7,147 |
| Participants with account balances | 10,436 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aprio LLC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $523,040 reported compensation |
| Voya Retirement Advisors, LLC | $463,392 reported compensation |
| Sage View Advisory | $85,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003095530NAL0002057984001, received 2025-10-03, EIN 22-2902286, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.