Plan Snapshot
- Plan Sponsor: Maximus Services, LLC
- Sponsor EIN: 832064210
- Sponsor Address: 1600 TYSONS BLVD., MCLEAN, VA, 22102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 10,429
- Total Assets: $35.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 10,429 | $35.0M | $67.4M | $6.4M |
| 2023 | 10,012 | $44.8M | $68.5M | $5.8M |
| 2022 | 13,189 | $45.8M | $84.9M | $6.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ANTHEM BLUE CROSS AND BLUE SHIELD | Other Service Provider | $4,998,585 | — | $4,998,585 |
| ASSURED PARTNERS GSA NATIONAL | Other Service Provider | $2,865,043 | — | $2,865,043 |
| ALIGHT/HODGES MACE, LLC | Other Service Provider | $517,744 | — | $517,744 |
| EXPRESS SCRIPTS | Other Service Provider | $386,224 | — | $386,224 |
| CIGNA HEALTH AND LIFE INSURANCE CO. | Recordkeeper | $131,968 | — | $131,968 |
| APRIO LLP | Other Service Provider | $68,922 | — | $68,922 |
| FLEXFACTS | Other Service Provider | $16,536 | — | $16,536 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,985,022
- Estimated Expense Ratio: 25.696% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $9,086,819 | — | $9,017,897 | $68,922 | — |
| 2023 | $10,302,802 | — | $10,205,552 | $49,000 | — |
| 2022 | $11,757,024 | — | $11,658,838 | — | $98,186 |