Peraton Corp. 401(k) Review & Grade
Peraton Corp. Retirement Savings Plan
Reston, VAProfessional, Scientific & Technical Services18,098 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,657Employer $ per active participant
$11,801Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.5BNet plan assets, end of year
$95,912Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 62th |
| Employee saving | 74th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($268,368 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $118,283 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Peraton put in about $5,657 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $102,390,918 |
| Participant (employee) contributions | $213,576,560 |
| Other contributions (incl. rollovers in) | $46,024,358 |
| Administrative expenses paid from the plan | $1,482,458 |
| Contract administrator fees | $6,000 |
| Investment advisory & management fees | $399,461 |
| Other admin expenses | $325,025 |
| Benefits paid out | $258,364,580 |
| Net assets, start / end of year | $2.1B / $2.5B |
| Active participants, start / end of year | 17,852 / 18,345 |
| Participants with account balances | 26,283 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell and Jones LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $722,258 reported compensation |
| Strategic Advisors, Inc. | $378,633 reported compensation |
| Aon Consulting Inc | $211,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009103653NAL0011267456001, received 2025-10-09, EIN 81-5224276, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.