Parsons 401(k) match, vesting and fees
What Parsons' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 93 defined-contribution plans in professional, scientific, and technical services with 10,000 to 49,999 participants.
| Parsons: employer contribution per participant | $2,448 | |
| Peer median | $2,636 |
| Parsons: average balance | $147,145 | |
| Peer median | $138,945 |
| Parsons: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
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 $2B at the end of plan year 2021 to $2.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 16,220 | $2.3B | $37.8M | $2,448 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 16,128 | $2B | $35.1M | $2,282 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 14,828 | $1.7B | $28M | $1,998 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 14,553 | $2B | $25.5M | $1,841 | 0.04% | Not published | Form 5500 ↗ |
Other Parsons plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Parsons Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Baker Tilly, US LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Parsons match 401(k) contributions?
The match terms for the Parsons Corporation Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $37.8M in employer contributions, about $2,448 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Parsons 401(k) match vested?
The vesting schedule for the Parsons Corporation Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Parsons 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Parsons Corporation.
I left Parsons. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Parsons Corporation, (833) 867-8001) or the recordkeeper, Principal Life Insurance Company. The Parsons old 401(k) page lists the contacts from every plan filing. Find an old Parsons 401(k)
Data from the public Form 5500 annual reports Parsons filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Parsons. Not financial advice. Report a correction · Methodology