401(k) · DOL Form 5500 · 2024

Maximus, Inc. 401(k) Plan

Data updated 2026-08-25

$913M
Total assets Above avg plan size
32,641
Participants Very large workforce
98th
Percentile by assets National rank
$27,976
Avg per participant Low balance/head
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Official DOL plan name: Maximus, Inc. 401(k) Plan · Sponsored by Maximus, Inc. · Virginia · Professional & Technical Services

$913M in assets, 32,641 participants

Maximus, Inc.'s Maximus, Inc. 401(k) Plan reported $913M in total assets and 32,641 participants in its 2024 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.

  • #19,950 in Professional & Technical Services (20,173 peers)

Coverage in Virginia

Maximus, Inc. 401(k) Plan covers 32,641 participants in Virginia, 42x the typical Virginia plan (state average ~782 per filing). Assets: $913M.

#19,950
in Professional & Technical Services (20,173 peers)
+19.7%
assets growth YoY
9.2×
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 2024 · DOL Form 5500

$913,172,284 Top 2% higher than 98% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Maximus, Inc. 401(k) Plan is a mega filing (32,641 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Maximus, Inc. 401(k) Plan end-of-year assets rose from $763M in the plan year 2023 filing to $913M in the plan year 2024 filing.
  • Maximus, Inc. 401(k) Plan reported net income fell from $171M in the plan year 2023 filing to $150M in the plan year 2024 filing.
  • Maximus, Inc. 401(k) Plan reported participants rose from 31,806 in the plan year 2023 filing to 32,641 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 541000588 · Maximus, Inc. PY 2024 · 401(k)

Maximus, Inc. 401(k) Plan · $913M · 32,641 · 98th

  • PCT $913M
  • PCT 32,641
  • PCT 98th
  • PCT 401(k)
  • PCT near Essity North America Investment & Retirement Plan
  • PCT ind #19950

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

Maximus, Inc. 401(k) Plan$913MEssity North America Investment & Retirement PlanEssity North America Investm…$913MMohawk Industries Retirement Plan 2Mohawk Industries Retirement…$912MSheppard, Mullin, Richter & Hampton LLP Retirement and Savings PlanSheppard, Mullin, Richter & …$912MPrime Therapeutics LLC 401(k) PlanPrime Therapeutics LLC 401(k…$911M
End-of-year total assets ($M) among Maximus, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$763M
Net Assets (End of Year)$913M
Net Income$150M
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. 20000400006000080000100000120000 -1001020304050 Total assets ($B) Participants Maximus, Inc. 401(k) Plan, Total assets ($B): 0.913172284 · Participants: 32641Maximus, Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement 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 $913M in end-of-year assets across 32,641 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.035% of 93,925,755 covered participants) - about $27,976 per participant (20% of the national average assets-per-participant) . Net income for plan year 2024 was $150M.

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 Open filing
2024 · index core 32,641 $913M This page

The same sponsor also keeps 1 other index-core plan 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 Essity North America Investment & Retirement Plan in PA ($913M); by covered participants it is Republic Services, Inc. 401(k) Plan in AZ (32,629 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (32,641 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Maximus, Inc. 401(k) Plan grew sharply - up 19.7% during 2024, from $763M to $913M. Reported net income was $150M.
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 123,622 plans that reported assets for plan year 2024 (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 Essity North America Investment & Retirement Plan in PA ($913M, 3,249 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 Republic Services, Inc. 401(k) Plan in AZ (32,629 participants, $2.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.