Leidos, Inc. 401(k) Review & Grade
Leidos, Inc. Retirement Plan
Reston, VAProfessional, Scientific & Technical Services30,008 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,313Employer $ per active participant
$12,704Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$11.8BNet plan assets, end of year
$221,688Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 88th |
| Employee saving | 81th |
| Peers that auto-enroll | 39% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($6,007 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Leidos put in about $5,313 per active participant, more than the typical peer ($2,932). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $159,419,110 |
| Participant (employee) contributions | $381,216,341 |
| Other contributions (incl. rollovers in) | $71,698,206 |
| Administrative expenses paid from the plan | $2,643,371 |
| Investment advisory & management fees | $1,362,896 |
| Other admin expenses | $43,630 |
| Benefits paid out | $986,784,637 |
| Net assets, start / end of year | $10.6B / $11.8B |
| Active participants, start / end of year | 29,734 / 30,281 |
| Participants with account balances | 53,187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Vanguard Advisors Inc | $1,354,596 reported compensation |
| Vanguard Group Inc. | $1,271,112 reported compensation |
| Aetna | $43,630 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918164145NAL0001505649001, received 2025-09-18, EIN 95-3630868, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.