Plan Ledger DOL Form 5500 · updated monthly

Bowa Builders, Inc.401(k)

BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Bowa Builders, Inc. reported $72,773 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,157 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 2 years on file its reported administrative ratio has held roughly steady near 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,145th of 2,266), and the 2,355th of 5,337 in construction. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,953,881
Participants with balances118
Active participants82
Employer contributions$258,868
Employee contributions$595,339
Employer contribution per active participant$3,157
Average account balance$135,202
Benefits paid to participants$635,050
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$16.0M · 118 accts · $259K emplr
2023$14.1M · 116 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,485
Investment management$38,078
Trustee / custodial$5,900
Total administrative$72,773
The Bowa Builders, Inc. 401(k) match · 2024
Employer contribution per active participant$3,157
Median for plans this size$2,416
2024$3,157 per active participant
2023$2,030 per active participant

Bowa Builders, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
SENTINEL BENEFITS GROUP, LLC · Recordkeeping · Consulting$28,485
KESTRA ADVISORY SERVICES, LLC · Investment advisory (participants) · Investment advisory (plan)$38,078
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee$6,210

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history2
2024$72,773 · 0.48%
2023$65,989 · 0.50%
Similar plansConstruction · Virginia
Uniwest Construction, Inc. VA$16.3M · 0.36%
C.W. Strittmatter, Inc. VA$16.2M · 0.48%
Nycom, Inc. VA$15.5M · 0.01%
Lanford Brothers Company VA$15.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541440392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.