Guidehouse Managed Services 401(k) match, vesting and fees
What Guidehouse Managed Services' 401(k) plan says about matching contributions
The Plan provides for employer matching contributions. For 2024, the Company provided matching contributions of up to 50 percent on the first 6 percent of eligible deferred compensation per pay period, up to the Internal Revenue Service maximum eligible compensation amount of $345,000 that a participant contributed to the Plan during the year. Any remaining amounts will be used to reduce future employer discretionary matching contributions payable to the Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are immediately 100 percent vested in employee salary and rollover contributions and any income or loss thereon. Vesting in the Company's matching contributions, plus actual earnings thereon, is based on years of service. Effective January 1, 2024, the Plan was amended where employer matching contributions, profit-sharing contributions, and employer nonelective contributions and any earnings thereon fully vest after one year of service. Participants terminated prior to January 1, 2024 vest in profit-sharing contributions made by the Company 25 percent per year after two years of service until they become fully vested after five years of service. Participants terminated prior to January 1, 2023 vest in discretionary matching contributions made by the Company 25 percent per year after two years of service until they become fully vested after five years of service. Participants who transfer employment from Guidehouse Inc. and whose accounts transfer directly by way of a trust-to-trust transfer from the Guidehouse Inc. Retirement Plan to the Plan in connection with such transfer of employment are immediately 100 percent vested in discretionary matching contributions made by the Company. | Audit report, p. 29 ↗ |
| Roth contributions | The Plan provides for employee pretax and/or Roth 401(k) contributions up to a maximum of 85 percent of annual compensation, as defined in the plan document. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1 up to a maximum equal to the lesser of $50,000 or 50 percent of their account balances. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Plante & Moran, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,087 defined-contribution plans in professional, scientific, and technical services with 1,000 to 4,999 participants.
| Guidehouse Managed Services: employer contribution per participant | $970 | |
| Peer median | $2,556 |
| Guidehouse Managed Services: average balance | $26,445 | |
| Peer median | $100,166 |
| Guidehouse Managed Services: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $33.2M at the end of plan year 2021 to $61.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,727 | $61.8M | $2.3M | $970 | 0.21% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 2,431 | $49M | $1.1M | $510 | 0.31% | Not published | Form 5500 ↗ |
| 2022 | 2,444 | $33.2M | $1.1M | $519 | 0.38% | Not published | Form 5500 ↗ |
| 2021 | 2,285 | $33.2M | $697K | $384 | 0.32% | Not published | Form 5500 ↗ |
Common questions
Does Guidehouse Managed Services match 401(k) contributions?
The audit report attached to the Guidehouse Managed Services LLC 401(k) Savings Plan's plan year 2024 Form 5500, page 29 says: “The Plan provides for employer matching contributions. For 2024, the Company provided matching contributions of up to 50 percent on the first 6 percent of eligible deferred compensation per pay period, up to the Internal Revenue Service maximum eligible compensation amount of $345,000 that a participant contributed to the Plan during the year. Any remaining amounts will be used to reduce future employer discretionary matching contributions payable to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Guidehouse Managed Services 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are immediately 100 percent vested in employee salary and rollover contributions and any income or loss thereon. Vesting in the Company's matching contributions, plus actual earnings thereon, is based on years of service. Effective January 1, 2024, the Plan was amended where employer matching contributions, profit-sharing contributions, and employer nonelective contributions and any earnings thereon fully vest after one year of service. Participants terminated prior to January 1, 2024 vest in profit-sharing contributions made by the Company 25 percent per year after two years of service until they become fully vested after five years of service. Participants terminated prior to January 1, 2023 vest in discretionary matching contributions made by the Company 25 percent per year after two years of service until they become fully vested after five years of service. Participants who transfer employment from Guidehouse Inc. and whose accounts transfer directly by way of a trust-to-trust transfer from the Guidehouse Inc. Retirement Plan to the Plan in connection with such transfer of employment are immediately 100 percent vested in discretionary matching contributions made by the Company.”
Who manages the Guidehouse Managed Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Guidehouse Managed Services LLC.
I left Guidehouse Managed Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Guidehouse Managed Services LLC, (571) 633-1711) or the recordkeeper, Fidelity Investments Institutional. The Guidehouse Managed Services old 401(k) page lists the contacts from every plan filing. Find an old Guidehouse Managed Services 401(k)
Data from the public Form 5500 annual reports Guidehouse Managed Services filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Guidehouse Managed Services. Not financial advice. Report a correction · Methodology