Plan Ledger DOL Form 5500 · updated monthly

Bowman & Company LLP401(k)

BOWMAN & COMPANY LLP 401(K) SAVINGS PLAN & TRUST · VOORHEES, NJ · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Bowman & Company LLP reported $68,371 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $4,479 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 rose from 0.17% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 733rd-largest of 2,419 plans among New Jersey employers on file, and the 3,661st of 11,654 in professional & technical services. In 2024, employees put in $2.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,307,926
Participants with balances157
Active participants115
Employer contributions$515,137
Employee contributions$1,243,125
Employer contribution per active participant$4,479
Average account balance$224,891
Benefits paid to participants$1,003,590
Plan auditUnmodified (clean) audit opinion
AuditorWILKIN & GUTTENPLAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$35.3M · 157 accts · $515K emplr
2023$30.5M · 150 accts · $484K emplr
2022$29.8M · 165 accts · $430K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$859
Investment management$36,012
Total administrative$68,371
The Bowman & Company LLP 401(k) match · 2024
Employer contribution per active participant$4,479
Median for plans this size$2,416
2024$4,479 per active participant
2023$4,173 per active participant
2022$3,946 per active participant

Bowman & Company LLP's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20244
WILKINGUTTENPLAN · Accounting / audit$31,500
MMA SECURITIES · Investment advisory (plan)$30,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,012
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$859

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

Administrative cost history3
2024$68,371 · 0.21%
2023$31,733 · 0.11%
2022$56,442 · 0.17%
Similar plansProfessional & Technical Services · New Jersey
Taylor, Wiseman & Taylor NJ$38.5M · 0.02%
Wilkin & Guttenplan, P.C. NJ$36.3M · 0.25%
Ks Engineers, P.C. NJ$35.8M · 0.21%
Nisivoccia LLP NJ$35.1M · 0.02%
Storis, Inc. NJ$35.1M · 0.07%
Kessler Foundation NJ$35.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 210658561 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.