Systems Application & Technologies, Inc. 401(k) Review & Grade
Systems Application & Technologies, Inc. 401(k) Profit Sharing Plan
Largo, MDProfessional, Scientific & Technical Services586 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,268Employer $ per active participant
$6,598Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$52.2MNet plan assets, end of year
$64,915Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost10.4 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 41th |
| Employee saving | 33th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,157 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Systems Application & Technologies put in about $1,268 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $742,863 |
| Participant (employee) contributions | $3,866,620 |
| Other contributions (incl. rollovers in) | $700,852 |
| Administrative expenses paid from the plan | $145,154 |
| Investment advisory & management fees | $48,629 |
| Benefits paid out | $7,574,253 |
| Net assets, start / end of year | $47.0M / $52.2M |
| Active participants, start / end of year | 571 / 601 |
| Participants with account balances | 804 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $96,575 reported compensation |
| LPL Financial LLC | $37,955 reported compensation |
| Strategic Advisors, Inc. | $10,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014171003NAL0004603072001, received 2025-10-14, EIN 77-0235285, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.