Retirement plan

SYSTEMS PLANNING AND ANALYSIS, INC. PROFIT SHARING PLAN AND TRUST

Name: SYSTEMS PLANNING AND ANALYSIS, INC. - SYSTEMS PLANNING AND ANALYSIS, INC. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: SYSTEMS PLANNING AND ANALYSIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEMS PLANNING AND ANALYSIS, INC. PROFIT SHARING PLAN AND TRUST, SYSTEMS PLANNING AND ANALYSIS, INC.

SYSTEMS PLANNING AND ANALYSIS, INC.EIN 52-0956951Plan #002PY 2024

2001 N. BEAUREGARD STREET - ALEXANDRIA, VA 223111739703-931-3500spa.comLinkedIn1001-5000 employeesdefense & space

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$428.3M

-2.3% from 2016

Total participants

3,117

-1.9% from 2016

Average account balance

$138,525

-0.2% from 2016

Annual return

25.36%

-6.47 pp from 2016

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$428.32M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$139K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,092

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+25.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$88

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$131,655
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$57,305
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING LEGAL, P.A. Service code 27 · EIN 43-1807084	Advisory (Plan)	$32,500
CAPFINANCIAL PARTNERS LLC7 years Filed as: CAPTRUST Service code 26 · EIN 26-0058143	Advisory (Participants)	$22,549
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING RETIREMENT SERV. Service code 49 · EIN 43-1270780	Other Services	$16,250
APRIO LLP2 years Service code 10 · EIN 57-1157523	Accounting	$10,750

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$271K

$132 / participant

Recordkeeping$131K48.4%
Investment mgmt$57K21.2%
Contract admin$3000.1%
Other / not subdivided$82K30.3%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: $10,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,525

$122,128+13.4%

$147,117-5.8%

$200,096-30.8%

Participation rate

98.8%

78.2%+20.6pp

82.2%+16.6pp

72.0%+26.8pp

Annual return

25.36%

30.58%-5.2pp

420.54%-395.2pp

34.26%-8.9pp

Employer contribution / active EE

$8,055

$4,093+96.8%

$4,932+63.3%

$3,038+165.2%

Participant deferral / active EE

$12,099

$8,484+42.6%

$8,065+50.0%

$5,090+137.7%

Admin fee / account holder

$88

$180-51.3%

$12,993-99.3%

$269-67.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$131,655

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$57,305

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING LEGAL, P.A.

Service code 27 · EIN 43-1807084

Advisory (Plan)

$32,500

CAPFINANCIAL PARTNERS LLC7 years

Filed as: CAPTRUST

Service code 26 · EIN 26-0058143

Advisory (Participants)

$22,549

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING RETIREMENT SERV.

Service code 49 · EIN 43-1270780

Other Services

$16,250

APRIO LLP2 years

Service code 10 · EIN 57-1157523

Accounting

$10,750

SYSTEMS PLANNING AND ANALYSIS, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEMS PLANNING AND ANALYSIS, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion