401(k) · DOL Form 5500 · 2023
Maximus, Inc. 401(k) Plan
Data updated 2026-08-25
- $763M
- Total assets Above avg plan size
- 31,806
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $23,992
- Avg per participant Low balance/head
Official DOL plan name: Maximus, Inc. 401(k) Plan · Sponsored by Maximus, Inc. · Virginia · Professional & Technical Services
$763M in assets, 31,806 participants
Maximus, Inc.'s Maximus, Inc. 401(k) Plan reported $763M in total assets and 31,806 participants in its 2023 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.
- #20,082 in Professional & Technical Services (20,321 peers)
Coverage in Virginia
Maximus, Inc. 401(k) Plan covers 31,806 participants in Virginia, 41x the typical Virginia plan (state average ~782 per filing). Assets: $763M.
- #20,082
- in Professional & Technical Services (20,321 peers)
- +28.9%
- assets growth YoY
- 7.7×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$763,096,606 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Maximus, Inc. 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maximus, Inc. 401(k) Plan is a mega filing (31,806 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Maximus, Inc. 401(k) Plan reported net income rose from -$63M in the plan year 2022 filing to $171M in the plan year 2023 filing.
- Maximus, Inc. 401(k) Plan end-of-year assets rose from $592M in the plan year 2022 filing to $763M in the plan year 2023 filing.
- Maximus, Inc. 401(k) Plan reported participants rose from 26,997 in the plan year 2022 filing to 31,806 in the plan year 2023 filing.
DOL schedule card
Filing strip 541000588 · Maximus, Inc. PY 2023 · 401(k)
Maximus, Inc. 401(k) Plan · $763M · 31,806 · 98th
- ASSETS $763M
- PCT 31,806
- EIN 98th
- RANK 401(k)
- PHOTO near Lanxess Corporation Defined Contribution Plan
- IND ind #20082
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
Virginia filing particulars
| Total Assets (Beginning of Year) | $592M |
|---|---|
| Net Assets (End of Year) | $763M |
| Net Income | $171M |
| Employer EIN | 541000588 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING 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
| 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.
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Scale composition for Maximus, Inc. 401(k) Plan
Maximus, Inc. 401(k) Plan reports $763M in end-of-year assets across 31,806 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.034% of 93,925,755 covered participants) - about $23,992 per participant (17% of the national average assets-per-participant) . Net income for plan year 2023 was $171M.
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 | Open filing |
| 2023 | 31,806 | $763M | This page |
| 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 (401(k), $913M, 32,641 participants)
- Maximus Gsa Retirement Plan (Profit Sharing, $22M, 16,482 participants)
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 Lanxess Corporation Defined Contribution Plan in PA ($764M); by covered participants it is U-Haul Holding Company 401(k) Savings Plan in AZ (31,816 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($763M here).
- Lanxess Corporation Defined Contribution Plan (PA) $764M · 2,319
- Amsted Industries Employees Capital Accumulation Plan (IL) $762M · 4,688
- Skf USA Inc. 401(k) Retirement and Savings Plan (PA) $765M · 2,746
- Nordson Employees' Savings Trust Plan (OH) $761M · 3,592
Similar participant headcount
Nearest other-state filings by covered participants (31,806 participants); asset peers above are excluded.
- U-Haul Holding Company 401(k) Savings Plan (AZ) 31,816 · 10 off
- Nestle 401(k) Savings Plan (OH) 31,854 · 48 off
- Meijer 401(k) Retirement Plan I (MI) 31,708 · 98 off
- Prime Healthcare Services, Inc. 401(k) Plan (CA) 31,705 · 101 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.