Plan Ledger DOL Form 5500 · updated monthly

Science Systems and Applications, Inc.401(k)

SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · LANHAM, MD · plan year 2024

Reported admin expense ratio · 2024
0.09%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Science Systems and Applications, Inc. reported $194,956 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $7,661 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.089%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 73rd-largest of 1,671 plans among Maryland employers on file, and the 537th of 4,798 in finance & insurance. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has shrunk from 988 to 692 since 2022.

Plan summary
Net assets, end of year$228,208,661
Participants with balances1,436
Active participants692
Employer contributions$5,301,286
Employee contributions$9,246,775
Employer contribution per active participant$7,661
Average account balance$158,920
Benefits paid to participants$26,845,609
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$228.2M · 1,436 accts · $5.3M emplr
2023$207.8M · 1,492 accts · $2.9M emplr
2022$200.3M · 1,738 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,982
Investment management$45,181
Audit (IQPA)$19,793
Total administrative$194,956
The Science Systems and Applications, Inc. 401(k) match · 2024
Employer contribution per active participant$7,661
Median for plans this size$3,635
2024$7,661 per active participant
2023$3,567 per active participant
2022$4,414 per active participant

Science Systems and Applications, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$129,982
CREATIVE PLANNING, LLC · Investment advisory (plan)$45,000
PBMARES, LLP · Actuarial$19,793
CHARLES SCHWAB & CO., INC. · Securities brokerage$181
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
MID ATLANTIC CAPITAL CORPORATION · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$194,956 · 0.09%
2023$182,249 · 0.09%
2022$193,102 · 0.09%
Same employer
Similar plansFinance & Insurance · Maryland
Carefirst, Inc. MD$1.1B · 0.06%
Nasdaq, Inc. MD$984.3M · 0.05%
Walker & Dunlop, LLC MD$311.3M · 0.07%
Sandy Spring Bancorp, Inc MD$227.8M · 0.08%
Secu Credit Union MD$116.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521087599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.