401(k) · DOL Form 5500 · 2024
Parsons Corporation 401(k) Plan
Data updated 2026-08-25
- $2.3B
- Total assets Very large vs avg
- 10,395
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $218,829
- Avg per participant Above avg balance/head
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.
- #20,092 in Professional & Technical Services (20,173 peers)
Coverage in Virginia
Parsons Corporation Retirement Savings Plan covers 10,395 participants in Virginia, 13x the typical Virginia plan (state average ~782 per filing). Assets: $2.3B.
- #20,092
- in Professional & Technical Services (20,173 peers)
- +11.6%
- assets growth YoY
- 23×
- vs typical plan assets (national mean)
Parsons Corporation Retirement Savings Plan's outsized position by total assets
Parsons Corporation Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,274,724,861 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Parsons Corporation Retirement Savings 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. Parsons Corporation Retirement Savings Plan is a mega filing (10,395 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Form 5500 schedule snapshot
Filing strip 953232481 · Parsons Corporation PY 2024 · 401(k)
Parsons Corporation Retirement Savings Plan · $2.3B · 10,395 · 99th
- NET $2.3B
- BOOK 10,395
- VS-ST 99th
- BOY 401(k)
- SCH near Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan
- EBSA ind #20092
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 →
Parsons Corporation Retirement Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Parsons Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $7.3B 56.907386624772194% vs 2022
- 2024 filing year
| 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.
- 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
Scale composition for Parsons Corporation Retirement Savings Plan
Parsons Corporation Retirement Savings Plan reports $2.3B in end-of-year assets across 10,395 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $218,829 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2024 was $235M.
This plan identity (EIN 953232481, plan #115) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $2.3B (+35.2%) while covered participants moved from 9,497 to 10,395 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,497 | $1.7B | Open filing |
| 2023 | 9,394 | $2.0B | Open filing |
| 2024 · index core | 10,395 | $2.3B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Parsons Employee Stock Ownership Plan (ESOP, $5.0B, 8,040 participants)
Parsons Corporation Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan in NJ ($2.3B); by covered participants it is Chico's Fas, Inc. 401(k) Elective Deferral Plan in FL (10,382 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.3B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (10,395 participants); asset peers above are excluded.
- Chico's Fas, Inc. 401(k) Elective Deferral Plan (FL) 10,382 · 13 off
- Pike 401(k) Plan (NC) 10,380 · 15 off
- Americold Logistics Employee Savings and Investment Plan (GA) 10,413 · 18 off
- Bronx Center Healthcare Systems 401(k) Plan (NY) 10,415 · 20 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.