Science Systems and Applications, Inc. 401(k) Review & Grade
Science Systems and Applications, Inc. 401(k) Profit Sharing Plan and Trust
Lanham, MDFinance & Insurance751 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,059Employer $ per active participant
$12,313Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$228.2MNet plan assets, end of year
$158,920Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 77th |
| Employee saving | 83th |
| Peers that auto-enroll | 62% |
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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
- Science Systems and Applications put in about $7,059 per active participant, more than the typical peer ($3,606). 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 | $5,301,286 |
| Participant (employee) contributions | $9,246,775 |
| Other contributions (incl. rollovers in) | $2,345,208 |
| Administrative expenses paid from the plan | $194,956 |
| Investment advisory & management fees | $45,181 |
| Benefits paid out | $26,845,609 |
| Net assets, start / end of year | $207.8M / $228.2M |
| Active participants, start / end of year | 810 / 692 |
| Participants with account balances | 1,436 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $129,982 reported compensation |
| Creative Planning, LLC | $45,000 reported compensation |
| Pbmares, LLP | $19,793 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014134456NAL0002930017003, received 2025-10-14, EIN 52-1087599, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.