The Geo Group, Inc. 401(k) Review & Grade
The Geo Save 401(k) Plan
Boca Raton, FLAdministrative, Support & Staffing Services13,908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$592Employer $ per active participant
$1,778Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$276.2MNet plan assets, end of year
$35,682Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 12th |
| Employee saving | 59th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $184,197 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Geo Group put in about $592 per active participant, more than the typical peer ($271). 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.
- Direct plan expenses (0.27% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $8,234,127 |
| Participant (employee) contributions | $24,731,965 |
| Other contributions (incl. rollovers in) | $2,843,295 |
| Administrative expenses paid from the plan | $695,587 |
| Benefits paid out | $31,448,397 |
| Net assets, start / end of year | $239.3M / $276.2M |
| Active participants, start / end of year | 13,624 / 14,192 |
| Participants with account balances | 7,740 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $7,770,093 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $610,545 reported compensation |
| Creative Planning LLC | $53,803 reported compensation |
| Creative Planning Holdco LLC DBA CR | $17,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707150308NAL0002059427001, received 2025-07-07, EIN 65-0043078, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.