Washington, D.C. 20549

þ		ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

o		TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

THE GEO GROUP, INC.
401(K) PLAN
FINANCIAL STATEMENTS
DECEMBER 31, 2005

THE GEO GROUP, INC. 401(K) PLAN
TABLE OF CONTENTS
DECEMBER 31, 2005

		Page
Report of Independent Registered Public Accounting Firm			1
Financial statements:
Statements of net assets available for benefits			2
Statement of changes in net assets available for benefits			3
Notes to financial statements			4
Supplemental Schedules:
Schedule of assets (held at end of year)			9
Schedule of loans or fixed income obligations in default or classified as uncollectible			10

Report of Independent Registered Public Accounting Firm

To the Plan Sponsor
The GEO Group, Inc. 401(k) Plan
Boca Raton, Florida

We have audited the accompanying statements of net assets available for benefits of The GEO Group, Inc. 401(k) Plan as of December 31, 2005 and 2004, the related statement of changes in net assets available for benefits for the year ended December 31, 2005. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of The GEO Group, Inc. 401(k) Plan as of December 31, 2005 and 2004, and the changes in its net assets available for benefits for the year ended December 31, 2005 in conformity with accounting principles generally accepted in the United States of America.

Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules on Pages 9 and 10 as of December 31, 2005 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

Aidman, Piser & Company, P.A.
May 25, 2006

THE GEO GROUP, INC. 401(K) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2005 AND 2004

		2005				2004
Assets:
Investments, at fair value:
Common/collective trusts		$	5,760,373			$	5,292,280
Pooled/mutual funds			15,026,504				13,432,523
The GEO Group, Inc. common stock			2,310,037				2,749,728
			23,096,914				21,474,531
Participant loans			1,705,044				1,434,243
Receivables:
Participant			—				282,975
Employer			60,149				93,864
Other			—				14,828
Total assets			24,862,107				23,300,441
Liabilities:
Accrued expenses			—				2,336
Total liabilities			—				2,336
Net assets available for benefits		$	24,862,107			$	23,298,105

THE GEO GROUP, INC. 401(K) PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2005

Additions to net assets attributed to:
Investment income:
Interest and dividends			629,434
Net appreciation in fair value of investments			243,670
			873,104
Contributions:
Participant			3,151,670
Employer			695,662
			3,847,332
Total additions			4,720,436
Deductions from net assets attributed to:
Benefits paid to participants			3,156,434
Total deductions			3,156,434
Net increase			1,564,002
Net assets available for benefits:
Beginning of year			23,298,105
End of year		$	24,862,107

THE GEO GROUP, INC. 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004

1.		Plan description:
		Plan description:
		The GEO Group, Inc. 401(k) Plan, (the “Plan”) was amended and restated on January 1, 1999 by The GEO Group, Inc. (the “Company”) as a defined contribution plan. The Plan is subject to the provisions of the Employment Retirement Security Act of 1974 (“ERISA”).
		The following is a summary of major plan provisions. Participants should refer to the Plan document for more complete information.
		Participation:
		An employee age 18 or older is eligible to participate in the Plan on the first day of the payroll period following the date of employment.
		Contributions and allocations:
		The Plan permits tax-deferred contributions of from 1% to 30% of a participant’s annual compensation, subject to certain Internal Revenue Code (“IRC”) limitations. Amounts contributed by participants are fully vested when made. The Plan allows for rollovers of vested contributions from previous employers’ qualified plans.
		The Company may contribute to the Plan either annual or monthly matching contributions on behalf of participants who made elective deferrals during such period in an amount determined annually by the Company’s management. The Company may, at its discretion, designate a different matching contribution formula for participants at each separate work site, and/or participants with different job classifications. In order to be entitled to an allocation of the Company’s annual matching contribution, participants, as defined under the Plan, must be employed on the last day of the Plan year. Also, the Company, at its discretion, may make a basic voluntary contribution to the Plan each year. Total participant contributions are subject to certain limitations established by the IRC.
		Participant accounts:
		Each participant’s account is credited with the participant’s contribution and allocations of the Company’s contributions and Plan earnings. Allocations are based on participant earnings or account balances as of the date of the allocation.

THE GEO GROUP, INC. 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004

1.		Plan description (continued):
		Participant loans:
		Participants may borrow from their fund accounts a minimum of $1,000 not to exceed the lesser of $50,000, or 50% of their vested account balance. A loan is repayable through payroll deductions over a period of no more than five years, unless it is used to acquire a principal residence, in which case the repayment period may not exceed ten years. The loans are secured by the balance in the participant’s vested account. The interest rates on loans outstanding as of December 31, 2005 ranged from 5.0% to 8.0% and as of December 31, 2004 ranged from 5.0% to 6.0%. Participant loans are valued at cost which approximates fair value.
		Forfeitures:
		Forfeitures are used to reduce employer contributions. Forfeitures of approximately $16,000 and $20,000 were used to reduce the employer contributions due to the Plan during the years ended December 31, 2005 and 2004, respectively.
		Vesting:
		Participants who are employed at South Florida State Hospital facility vest 100% immediately in the Company’s contributions. All other Plan participants vest in the Company’s contributions upon completion of three or more years of service. Additionally, Company contributions become fully vested upon normal retirement age, as defined by the Plan, death, or termination of employment as a result of a total or permanent disability.
		Payment of benefits:
		Eligible participants may elect to receive benefits in a lump-sum payment, a series of payments within one calendar year, a series of annual installments of approximately equal amount to be paid over a period of five to ten years, or may be used by the employee to purchase an immediate or deferred annuity. The amount of benefits paid will be determined by the balance in the participant’s Plan account at the date of retirement, termination, death or disability.
2.		Summary of significant accounting policies:
		Accounting estimates:
		The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of additions to and deductions from net assets during the reporting period. Actual results could differ from those estimates.

THE GEO GROUP, INC. 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004

2.		Summary of significant accounting policies (continued):
		Investments, investment valuation and income recognition:
		The Plan’s investments are stated at fair value determined using the quoted closing or last bid prices on the last day of the Plan year. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
		Payment of benefits:
		Benefit claims are recorded when they have been processed and approved for payment by the Plan.
3.		Investments:
		Investments that represent 5% or more of the net assets available for benefits at December 31, 2005 and 2004 are as follows:

		2005								2004
						Market								Market
		Shares				Value				Shares				Value
Dreyfus Capital Preservation Fund			5,758,146			$	5,758,146				5,292,280			$	5,292,280
Dreyfus Appreciation Fund			52,957				2,105,025				50,948				1,971,171
Dreyfus Basic S & P500 Stock Index Fund			149,163				3,864,819				143,734				3,613,483
Dreyfus Emerging Leaders Fund			65,131				2,697,055				55,752				2,465,921
Templeton Foreign Fund			118,569				1,503,454				89,176				1,096,863
PIMCO Total Return Fund			133,206				1,398,666				118,442				1,263,776
Janus Olympus Fund			41,308				1,350,351				40,474				1,158,784
The GEO Group, Inc. Common Stock			100,743				2,310,037				103,451				2,749,728

During 2005, the Plan’s investments (including investments bought, sold and held during the year) appreciated (depreciated) in value as follows:

		Net
		Appreciation
		(Depreciation)
		In Fair Value
Pooled/mutual funds		$	600,084
Common stock			(356,414	)
		$	243,670

THE GEO GROUP, INC. 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004

4.		Collective trust:
		The Dreyfus Capital Preservation Fund is a collective investment trust that invests mainly in Guaranteed Investment Contracts (“GIC”). A GIC is a general obligation of an insurance company, which agrees to pay a guaranteed rate for the term of the contract and to return principal at maturity. This fund may also invest in repurchase agreements, private placements, certificates of deposit, commercial paper, shares of registered investment companies, bank investment contracts and corporate investment contracts. The Dreyfus Capital Preservation Fund is fully benefit-responsive and, in accordance with Statement of Position No. 94-4, “Reporting of Investment Contracts Held by Health and Welfare Benefit Plans and Defined Contribution Pension Plans”, is recorded at contract value, which approximates fair value. Contract value represents contributions under the contract plus accrued interest. There are no reserves against contract value for credit risk of the issuers of the contracts or otherwise. The crediting interest rate and average effective yield on this account approximates 4% for 2005.
5.		Plan termination:
		Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants would become 100 percent vested in their accounts.
6.		Income tax status:
		The Internal Revenue Service has determined and informed the Company by a letter dated December 18, 2002, that the Plan is designed in accordance with applicable sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.
7.		Administrative expenses:
		Substantially all costs of administering the Plan are paid directly or reimbursed by the Company. Administrative expenses of approximately $50,000 were paid by the Company for the year ended December 31, 2005.
8.		Party-in-interest transactions:
		Certain Plan investments are shares of pooled/mutual funds managed by The Dreyfus Company Trust Company, a subsidiary of Mellon Bank. Mellon Bank is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.

THE GEO GROUP, INC. 401(K) PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 AND 2004

9.		Risks and uncertainties:
		The Plan provides for various investment options in investment securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statement of net assets available for benefits.

THE GEO GROUP, INC. 401(K) PLAN
(Plan Number 001, Employer Identification Number 65-0043078)
Schedule H, line 4i — Schedule of Assets (Held at End of Year)
December 31, 2005

		(b)		(c)		(e)
				Description of investment
		Identity of issue		including maturity date,
		borrower, lessor or		rate of interest, collateral,		Current
(a)		similar party		par or maturity value		value
				Common/Collective Trusts:
*		The Dreyfus Trust Company		Dreyfus Capital Preservation Fund		$	5,758,146
				TBC Inc. Pooled Employer Daily Variable Rate			2,227
							5,760,373
				Pooled/Mutual Funds:
*		The Dreyfus Trust Company		Dreyfus Appreciation Fund			2,105,025
*		The Dreyfus Trust Company		Dreyfus Basic S&P500 Stock Index Fund			3,864,819
*		The Dreyfus Trust Company		Dreyfus Premier Balanced Fund			1,192,497
*		The Dreyfus Trust Company		Dreyfus Emerging Leaders Fund			2,697,055
		Franklin Templeton		Templeton Foreign Fund			1,503,454
		MAS Funds		MAS Midcap Value Fund			914,637
		PIMCO Funds Distributors, LLC		PIMCO Total Return Fund			1,398,666
		Janus Distributors, Inc.		Janus Olympus Fund			1,350,351
							15,026,504
				Common Stock:
		The GEO Group, Inc.		The GEO Group, Inc.			2,310,037
				Participant Loans:
				Participant loans (interest rates of 5.0%
		Participant loans		to 8.0%, maturing no later than 2010)			1,705,044
				Total		$	24,801,958

The GEO Group 401(k) Plan
Schedule G, Part I — Schedule of Loans or Fixed Income Obligations in Default or Classified as Uncollectible
December 31, 2005

								Amount Received During
								Reporting Year																Amount Overdue
																				(g) Detailed
																				Description of Loan
																				Including Dates of
																				Making and
																				Maturity, Interest
																				Rate, the Type and
																				Value of
																				Collateral, and
																				Renegotiation of
																				the Loan and the
																				Terms of the
																				Renegotiation and
		(b) Identity and		(c) Original Amount												(f) Unpaid Balance				Other Material
(a)		Address of Obligor		of Loan				(d) Principal				(e) Interest				at End of Year				Items.				(h) Principal				(i) Interest
		ALLEN,TIMMY			2,025				—				—				1,231				—				1,231				105
		ALLEN,TIMMY			1,067				—				—				971				—				971				141
		BARBEY,CRYSTAL			2,100				223				38				1,093				—				1,093				282
		BRINN,DANIEL			2,500				2,399				241				351				—				351				5
		CAMPBELL,CATHY			5,025				749				86				3,306				—				3,306				168
		CHALMERS,LUDENA			3,000				560				49				2,110				—				2,110				80
		CHERRY,ROBBINS L			4,000				1,375				1,337				459				—				459				5
		CHERRY,ROBBINS L			1,000				392				378				192				—				192				4
		DEMATTOS,CAROLP			1,794				73				0				17				—				17				0
		EDWARDS,LINDA I			3,825				370				99				3,300				—				3,300				384
		FLIPPIN,KIMBERLY			5,419				—				—				4,713				—				4,713				553
		JOHNSON,JIMMY D			3,000				213				198				1,346				—				1,346				48
		JOHNSON,JIMMY D			2,025				332				308				838				—				838				28
		JORDAN,YOLANDA T			1,025				—				—				562				—				562				13
		MANESS,BONNIE			7,697				848				132				5,276				—				5,276				363
		MENDOZA, MARILYN			11,000				320				66				7,917				—				7,917				749
		MENDOZA, MARILYN			5,523				192				39				4,915				—				4,915				564
		SCARLETT-HAMILTO			1,400				552				547				0				—				0				0
		SMITH,WILLIE			5,957				—				—				5,796				—				5,796				823
		SMITH,WILLIE			5,957				—				—				5,796				—				5,796				823
		BOYER,BRYAN			14,825				—				—				14,825				—				14,825				1,869
		BRACY,ALEXIS D			2,520				—				—				2,520				—				2,520				288
		CAMPBELL,CATHY			20,000				—				—				20,000				—				20,000				2,098
		CASEY,CARRIE			3,500				—				—				3,500				—				3,500				460
		JENKINS,DAVID B			2,823				—				—				2,823				—				2,823				98
		JORDAN,YOLANDA T			2,250				—				—				2,250				—				2,250				295
		MILORD, BEVERLEY			1,700				—				—				1,700				—				1,700				150
		PICKETT,FRED			3,100				—				—				3,100				—				3,100				428
		SPARKS,CHARLES			7,400				—				—				7,400				—				7,400				1,486
		SPELLS,MARGARET			1,000				—				—				1,000				—				1,000				104
		WHITAKER,MARSHEI			4,600				—				—				4,600				—				4,600				826
		WILLIAMS,ESTHER			1,000				—				—				1,000				—				1,000				60
		GALLEGO, CARLA			1,535				—				—				1,535				—				1,535				42
		FORREST,DAVID M			14,000				—				—				14,000				—				14,000				762
		TOUSANT,BELINDA			1,000				—				—				429				—				429				28
		TOUSANT,BELINDA			1,000				—				—				901				—				901				41
		LOFTON,YOLENE			1,194				819				—				375				—				375				4
		VIOLETTE,LINDA			1,200				—				—				1,127				—				1,127				141
					159,986				9,418				3,517				133,274								133,274				14,317

Note: The Geo Group 401(k) will consider any defaulted loans to be deemed distributions in the subsequent year in order to address these defaults.