Retirement plan

SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SCIENCE SYSTEMS AND APPLICATIONS, INC. - SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: SCIENCE SYSTEMS AND APPLICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, SCIENCE SYSTEMS AND APPLICATIONS, INC.

SCIENCE SYSTEMS AND APPLICATIONS, INC.EIN 52-1087599Plan #001PY 2022

10210 GREENBELT ROAD, SUITE 600 - LANHAM, MD 20706301-867-6302ssaihq.comLinkedIn501-1000 employeesdefense & space

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$200.3M

-15.4% from 2021

Total participants

1,738

+2.8% from 2021

Average account balance

$115,270

-17.7% from 2021

Annual return

-15.05%

-30.02 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$228.21M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

1,436

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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
TRANSAMERICA RETIREMENT SOLUTIONS8+ years Service code 12 · EIN 13-3689044	Participant loan processing; Investme...	$110,602
LOCKTON INVESTMENT ADVISORS, LLC6 years Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 27 · EIN 20-3247391	Advisory (Plan)	$45,000
SAGGAR & ROSENBERG, P.C.2 years Service code 10 · EIN 52-2190100	Accounting	$37,500
CHARLES SCHWAB & CO., INC.2 years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$306
MID ATLANTIC CAPITAL CORPORATION8+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES8+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$193K

$195 / participant

Investment mgmt$45K23.3%
Other / not subdivided$148K76.7%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,270

$86,897+32.7%

$151,639-24.0%

$64,819+77.8%

Participation rate

100.0%

87.3%+12.7pp

87.5%+12.5pp

71.5%+28.5pp

Annual return

-15.05%

-3.57%-11.5pp

3.34%-18.4pp

32.84%-47.9pp

Employer contribution / active EE

$4,414

$4,010+10.1%

$6,165-28.4%

$2,507+76.1%

Participant deferral / active EE

$12,445

$6,690+86.0%

$8,363+48.8%

$4,311+188.7%

Admin fee / account holder

$111

$153-27.4%

$11,613-99.0%

$188-40.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Investme...

$110,602

LOCKTON INVESTMENT ADVISORS, LLC6 years

Filed as: LOCKTON INVESTMENT ADVISORS LLC

Service code 27 · EIN 20-3247391

Advisory (Plan)

$45,000

SAGGAR & ROSENBERG, P.C.2 years

Service code 10 · EIN 52-2190100

Accounting

$37,500

CHARLES SCHWAB & CO., INC.2 years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$306

MID ATLANTIC CAPITAL CORPORATION8+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES8+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCIENCE SYSTEMS AND APPLICATIONS, INC. 401(K) 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