Leidos Biomedical Research, Inc. 401(k) Review & Grade
Leidos Biomedical Research, Inc. Capital Accumulation Plan
Frederick, MDProfessional, Scientific & Technical Services2,374 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,892Employer $ per active participant
$10,972Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$366.2MNet plan assets, end of year
$119,698Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost23.1 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 93th |
| Employee saving | 67th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Leidos Biomedical Research put in about $3,892 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $9,239,843 |
| Participant (employee) contributions | $26,047,220 |
| Other contributions (incl. rollovers in) | $2,229,602 |
| Administrative expenses paid from the plan | $104,177 |
| Other admin expenses | $104,177 |
| Benefits paid out | $18,615,245 |
| Net assets, start / end of year | $305.0M / $366.2M |
| Active participants, start / end of year | 2,429 / 2,319 |
| Participants with account balances | 3,059 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $71,570 reported compensation |
| Aprio LLP | $29,970 reported compensation |
| Vanguard Advisers Inc. | $7,252 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725105016NAL0003355075001, received 2025-07-25, EIN 33-0653185, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.