Employers › Parsons
Recordkeeping fees per participant · Parsons Corporation Retirement Savings Plan · plan year 2024
$9.69
Higher than 13% of the 790 plans over $1B that report it.
= $149,754 / 15,459
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015155928NAL0002711523001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015155928NAL0002711523001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$38.43
Higher than 37% of the 1,045 plans over $1B that report it.
= $594,060 / 15,459
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015155928NAL0002711523001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015155928NAL0002711523001, received 2025-10-15
Administrative expenses per participant
$42.14
Higher than 23% of the 1,076 plans over $1B that report it.
= $651,370 / 15,459
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015155928NAL0002711523001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015155928NAL0002711523001, received 2025-10-15
Administrative expenses as a share of assets
0.029%
Higher than 29% of the 1,076 plans over $1B that report it.
= $651,370 / $2,274,724,861
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015155928NAL0002711523001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015155928NAL0002711523001, received 2025-10-15
Employer contributions per participant
$2,448
Higher than 27% of the 1,135 plans over $1B that report it.
= $37,849,039 / 15,459
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015155928NAL0002711523001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015155928NAL0002711523001, received 2025-10-15
Employer share of total contributions
21.6%
Higher than 13% of the 1,135 plans over $1B that report it.
= $37,849,039 / $175,223,214
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015155928NAL0002711523001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015155928NAL0002711523001, received 2025-10-15
Plan terms are described in Parsons Corporation's SEC filings: Form 11-K filed 2023-06-26 and Form 10-K filed 2026-02-11. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015155928NAL0002711523001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PARSONS CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Plan name | PARSONS CORPORATION RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Sponsor EIN / plan number | 95-3232481 / 115 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Sponsor location | CHANTILLY, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Industry (business code) | 541330, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Participants, beginning of year | 16,448 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Active participants | 10,546 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Participants, end of year | 16,220 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Participants with an account balance | 15,459 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total assets, beginning of year | $2,037,954,460 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total assets, end of year | $2,274,724,861 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Net assets, end of year | $2,274,716,173 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total income | $474,991,145 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Net income | $235,121,759 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Employer contributions | $37,849,039 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Participant contributions | $106,971,188 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $30,402,987 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total contributions | $175,223,214 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Benefit payments | $239,244,423 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $239,869,386 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Total administrative expenses | $651,370 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Contract administrator fees | $439,490 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Recordkeeping fees | $149,754 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Investment advisory and management fees | $57,310 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Administrative expenses excluding investment management | $594,060 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Held in common/collective trusts | $1,445,845,618 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Held in mutual funds | $560,971,904 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015155928NAL0002711523001, received 2025-10-15 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015155928NAL0002711523001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015155928NAL0002711523001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $439,451 | yes |
| SAGEVIEW ADVISORY GROUP, LLC | CONSULTANT | 16 Consulting (general); 26 Investment advisory (participants); 50 Direct payment from the plan; 70 Consulting fees; 99 Other fees | $133,374 | yes |
| SYNDER COHN | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $48,500 | no |
| USI CONSULTING GROUP | ACTUARY | 11 Actuarial; 50 Direct payment from the plan; 99 Other fees | $16,380 | no |
| MORNINGSTAR INVESTMENT MANAGEMENT L | INV ADV, PARTICIPANTS | 26 Investment advisory (participants); 70 Consulting fees | $8,810 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015155928NAL0002711523001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,037,954,460 | $2,274,724,861 | 11.6% |
| Participants with a balance | 15,378 | 15,459 | 0.5% |
| Administrative expenses | $624,489 | $651,370 | 4.3% |
| Recordkeeping fees per participant | not reported | $9.69 | |
| Employer contributions | $35,085,620 | $37,849,039 | 7.9% |
Prior filing 20241015082334NAL0027823985001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: PARSONS CORPORATION; SEC registrant: PARSONS CORP (CIK 275880, matched by EIN; display name from the Form 10-K cover).