401(k) · DOL Form 5500 · 2024

Parsons Corporation 401(k) Plan

Data updated 2026-07-24

$2.3B
Total assets: 10,395
Participants: 99th
Percentile by assets: $218,829
Avg per participant

Official DOL plan name: Parsons Corporation Retirement Savings Plan · Sponsored by Parsons Corporation · Virginia · Professional & Technical Services

$2.3B in assets, 10,395 participants

Parsons Corporation's Parsons Corporation Retirement Savings Plan reported $2.3B in total assets and 10,395 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in Virginia

Parsons Corporation Retirement Savings Plan covers 10,395 participants in Virginia, 13x the typical Virginia plan (state average ~781 per filing). Assets: $2.3B.

$2.3B
total plan assets (2024 EOY): 10,395
covered participants: 99th
percentile by assets (of 116,472 plans): $218,829
avg assets per participant

Parsons Corporation Retirement Savings Plan end-of-year assets rose from $2.0B in the plan year 2023 filing to $2.3B in the plan year 2024 filing.
Parsons Corporation Retirement Savings Plan reported participants rose from 9,394 in the plan year 2023 filing to 10,395 in the plan year 2024 filing.
Parsons Corporation Retirement Savings Plan reported net income fell from $258M in the plan year 2023 filing to $235M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Virginia

Industry

Professional & Technical Services

Participants vs Virginia filers

In Virginia, the average filing covers about 781 participants across 3,490 plans. Parsons Corporation Retirement Savings Plan reports 10,395 participants - 13x that state average ($2.3B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$2.0B
Net Assets (End of Year)	$2.3B
Net Income	$235M
Employer EIN	953232481
Plan Effective Date	1995-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Parsons Corporation)

Total plan assets by year, all Parsons Corporation plans on file

Year	Plans	Participants	Total Assets
2022	2	17,301	$4.6B
2023	2	17,265	$5.8B
2024	2	18,435	$7.3B

Nearby 401(k) Plans in Virginia

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

Parsons Corporation Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Northrop Grumman Savings Plan $39.5B · 104,719
401(k) Pension Plan $16.8B · 62,869
General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
Leidos, Inc. Retirement Plan $11.8B · 29,734

Compare Parsons Corporation Retirement Savings P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Parsons Corporation Retirement Savings Plan by total assets, not by location.

Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan (NJ) $2.3B · 3,869
Palo Alto Foundation Medical Group, Inc. 401(k) Plan (CA) $2.3B · 1,898
Cnh Industrial U.S. Retirement Savings Plan (WI) $2.3B · 10,601
Iso 401(k) Savings and Employee Stock Ownership Plan (NJ) $2.3B · 4,830

Frequently Asked Questions

How did Parsons Corporation Retirement Savings Plan assets move in 2024? ▼

Parsons Corporation Retirement Savings Plan grew at a solid clip - up 11.6% during 2024, from $2.0B to $2.3B. Reported net income was $235M.

How have Parsons Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Parsons Corporation's sponsor-wide assets grew 56.9%, from $4.6B to $7.3B.

Where does Parsons Corporation Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Parsons Corporation Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Parsons Corporation Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan in NJ ($2.3B, 3,869 participants).

Next read for Parsons Corporation Retirement Savings P…

Filing takeaways

Ways to act on Parsons Corporation Retirement Savings Plan's numbers.

By total assets, Parsons Corporation Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
Parsons Corporation's sponsor-wide assets have grown 56.9% since 2022 across 3 plan years on file. More Professional & Technical Services plans

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 953232481.

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.