Systems Planning and Analysis, Inc. 401(k) Review & Grade
Systems Planning and Analysis, Inc. Profit Sharing Plan and Trust
Alexandria, VAProfessional, Scientific & Technical Services1,797 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,198Employer $ per active participant
$13,815Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$428.3MNet plan assets, end of year
$138,525Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 81th |
| Employee saving | 83th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,626 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Systems Planning and Analysis put in about $9,198 per active participant, more than the typical peer ($3,082). 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.
- 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 | $16,529,407 |
| Participant (employee) contributions | $24,826,305 |
| Other contributions (incl. rollovers in) | $14,649,566 |
| Administrative expenses paid from the plan | $270,559 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $57,305 |
| Other admin expenses | $71,299 |
| Benefits paid out | $40,498,811 |
| Net assets, start / end of year | $341.0M / $428.3M |
| Active participants, start / end of year | 1,542 / 2,052 |
| Participants with account balances | 3,092 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $131,655 reported compensation |
| Strategic Advisors, Inc. | $57,305 reported compensation |
| Creative Planning Legal, P.A. | $32,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010091813NAL0007427873001, received 2025-10-10, EIN 52-0956951, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.