# Parsons Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/parsons-company-inc-401k-plan

> Parsons Company, INC.'s 401(k) plan: 208 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Parsons Company, INC.

- **Sponsor EIN:** 371184579

- **Sponsor Address:** 1386 STATE ROUTE 117, ROANOKE, IL, 615617721

- **Plan Type:** 401(k)

- **Total Participants:** 208

- **Total Assets:** $29.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|208|$29.0M|$1.4M|$757,047|

| 2023|200|$27.5M|$1.3M|$686,335|

| 2022|180|$23.4M|$1.2M|$617,824|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$82,751|—|$82,751|

| LPL FINANCIAL LLC - RPCP|INVESTMENT ADVISORY|—|$37,038|$37,038|

| SIKICH CPA LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SIKICH CPA LLC](https://planprovider.pro/provider/sikich-cpa-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $119,789

- **Estimated Expense Ratio:** 0.412% 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|$82,751|—|$82,751|—|—|

| 2023|$71,407|—|$71,407|—|—|

| 2022|$69,963|—|$69,963|—|—|

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