System High Corporation 401(k) Review & Grade
System High Corp. 401(k) Retirement Plan
Chantilly, VAProfessional, Scientific & Technical Services500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,197Employer $ per active participant
$12,069Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$44.8MNet plan assets, end of year
$54,897Average balance per account
Score breakdown
- Employer generosity37.4 / 5075th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score60 / 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 | 75th |
| Lower admin cost | 27th |
| Employee saving | 74th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- System High put in about $5,197 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,598,742 |
| Participant (employee) contributions | $6,034,657 |
| Other contributions (incl. rollovers in) | $4,012,286 |
| Administrative expenses paid from the plan | $174,620 |
| Contract administrator fees | $105,941 |
| Investment advisory & management fees | $38,155 |
| Other admin expenses | $30,524 |
| Benefits paid out | $6,470,341 |
| Net assets, start / end of year | $33.8M / $44.8M |
| Active participants, start / end of year | 428 / 572 |
| Participants with account balances | 816 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubino & Company, Chartered |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $105,941 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $68,719 reported compensation |
| The Retirement Advantage, Inc. | $9,486 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133706NAL0002909681001, received 2025-10-14, EIN 20-3836817, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.