Plan Ledger DOL Form 5500 · updated monthly

D. M. Bowman, Inc.401(k)

D. M. BOWMAN, INC. 401(K) PROFIT SHARING PLAN · WILLIAMSPORT, MD · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

D. M. Bowman, Inc. reported $36,189 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $196 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 3 years on file its reported administrative ratio has held roughly steady near 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 756th-largest of 1,671 plans among Maryland employers on file, and the 862nd of 2,677 in transportation & warehousing. In 2023, employees put in $7.94 for every $1.00 the employer contributed; active participation has shrunk from 627 to 497 since 2022.

Plan summary
Net assets, end of year$16,277,849
Participants with balances293
Active participants497
Employer contributions$97,516
Employee contributions$774,157
Employer contribution per active participant$196
Average account balance$55,556
Benefits paid to participants$2,231,404
Plan auditUnmodified (clean) audit opinion
AuditorGRANDIZIO, WILKINS, LITTLE & MATTHE
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 228 accts · $77K emplr
2023$16.3M · 293 accts · $98K emplr
2022$15.1M · 323 accts · $111K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,507
Investment management$4,532
Audit (IQPA)$11,150
Trustee / custodial$1,000
Total administrative$36,189
The D. M. Bowman, Inc. 401(k) match · 2023
Employer contribution per active participant$196
Median for plans this size$2,440
2024$174 per active participant
2023$196 per active participant
2022$177 per active participant

D. M. Bowman, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FULTON BANK, N.A. · Recordkeeping · Consulting$82,783
GRANDIZIO, WILKINS, LITTLE & MATTHE · Accounting / audit$11,150

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

Recordkeeper by year2
2024FULTON BANK, N.A.
2023FULTON BANK, N.A.

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Administrative cost history3
2024$35,391 · 0.24%
2023$36,189 · 0.23%
2022$39,870 · 0.23%
Same employer
Similar plansTransportation & Warehousing · Maryland
Rukert Terminals Corp. MD$24.6M · 0.09%
Logistec USA Inc. MD$22.1M · 0.39%
H & M Bay, Inc. MD$18.8M · 0.50%
Samuel Shapiro & Co., Inc. MD$17.5M · 0.43%
Dann Marine Towing, L.C. MD$15.6M · 0.04%
Inter-Rail Transport, Inc. MD$13.3M · 0.49%
John S. Connor, Inc. MD$10.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520972610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.