401(k) · DOL Form 5500 · 2022

Maximus, Inc. 401(k) Plan

Data updated 2026-08-25

$592M
Total assets Above avg plan size
26,997
Participants Very large workforce
98th
Percentile by assets National rank
$21,936
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Maximus, Inc. 401(k) Plan · Sponsored by Maximus, Inc. · Virginia · Professional & Technical Services

$592M in assets, 26,997 participants

Maximus, Inc.'s Maximus, Inc. 401(k) Plan reported $592M in total assets and 26,997 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #21,306 in Professional & Technical Services (21,562 peers)

Coverage in Virginia

Maximus, Inc. 401(k) Plan covers 26,997 participants in Virginia, 35x the typical Virginia plan (state average ~782 per filing). Assets: $592M.

#21,306
in Professional & Technical Services (21,562 peers)
-8.1%
assets change YoY
5.9×
vs typical plan assets (national mean)

The plan reported a net loss of $63M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Maximus, Inc. 401(k) Plan's outsized position by total assets

Maximus, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$592,196,103 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Maximus, Inc. 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maximus, Inc. 401(k) Plan is a mega filing (26,997 participants), the rightmost band on the breakdown.

Form 5500 schedule snapshot

Filing strip 541000588 · Maximus, Inc. PY 2022 · 401(k)

Maximus, Inc. 401(k) Plan · $592M · 26,997 · 98th

  • PCT $592M
  • EIN 26,997
  • RANK 98th
  • PHOTO 401(k)
  • IND near Terumo Employee Savings and Investment Plan
  • EOY ind #21306

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Virginia →

Maximus, Inc. 401(k) Plan in the asset neighbourhood

Northwest Carpenters Individual Account Pension PlanNorthwest Carpenters Individ…$594MArconic Corp. Hourly 401(k) PlanArconic Corp. Hourly 401(k) …$593MMaximus, Inc. 401(k) Plan$592MTerumo Employee Savings and Investment PlanTerumo Employee Savings and …$592MRetail Business Services LLC Retirement Savings PlanRetail Business Services LLC…$591M
End-of-year total assets ($M) among Maximus, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$645M
Net Assets (End of Year)$592M
Net Income-$63M
Employer EIN541000588
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Maximus, Inc.)

Sponsor-wide plan assets over time

All Maximus, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$935M 53.45291492318084% vs 2022
2024 filing year
$500M$600M$700M$800M$900M$1,000M 202220232024 $609M $935M ▲ +53.5%
Year Plans Participants Total Assets
2022 2 46,968 $609M
2023 2 47,360 $783M
2024 2 49,123 $935M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Maximus, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 20000400006000080000100000 -10010203040 Total assets ($B) Participants Maximus, Inc. 401(k) Plan, Total assets ($B): 0.592196103 · Participants: 26997Maximus, Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Maximus, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Maximus, Inc. 401(k) Plan side-by-side with 3 peers →

Scale composition for Maximus, Inc. 401(k) Plan

Maximus, Inc. 401(k) Plan reports $592M in end-of-year assets across 26,997 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.029% of 93,925,755 covered participants) - about $21,936 per participant (16% of the national average assets-per-participant) . Net income for plan year 2022 was -$63M.

This plan identity (EIN 541000588, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $592M to $913M (+54.2%) while covered participants moved from 26,997 to 32,641 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 26,997 $592M This page
2023 31,806 $763M Open filing
2024 · index core 32,641 $913M Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Maximus, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Terumo Employee Savings and Investment Plan in NJ ($592M); by covered participants it is US Foods 401(k) Plan in IL (27,026 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($592M here).

Similar participant headcount

Nearest other-state filings by covered participants (26,997 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Maximus, Inc. 401(k) Plan assets move in 2022? ▼
Maximus, Inc. 401(k) Plan pulled back noticeably - down 8.1% during 2022, from $645M to $592M. Reported net income was -$63M.
How have Maximus, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Maximus, Inc.'s sponsor-wide assets grew 53.5%, from $609M to $935M.
Where does Maximus, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Maximus, Inc. 401(k) Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Maximus, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Terumo Employee Savings and Investment Plan in NJ ($592M, 3,718 participants).
Which 401(k) plans cover a similar participant headcount to Maximus, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is US Foods 401(k) Plan in IL (27,026 participants, $1.9B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541000588.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.