Plan Ledger DOL Form 5500 · updated monthly

Rowe, Inc.401(k)

ROWE ENGINEERING, INC. 401(K) PLAN · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Rowe, Inc. reported $61,751 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,368 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 0.21%. 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 767th-largest of 2,619 plans among Michigan employers on file, and the 4,059th of 11,654 in professional & technical services. In 2024, employees put in $2.77 for every $1.00 the employer contributed; active participation has grown from 199 to 226 since 2022.

Plan summary
Net assets, end of year$31,046,528
Participants with balances239
Active participants226
Employer contributions$761,131
Employee contributions$2,106,232
Employer contribution per active participant$3,368
Average account balance$129,902
Benefits paid to participants$2,738,729
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 239 accts · $761K emplr
2023$26.6M · 212 accts · $652K emplr
2022$22.6M · 192 accts · $591K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,746
Investment management$41,005
Total administrative$61,751
The Rowe, Inc. 401(k) match · 2024
Employer contribution per active participant$3,368
Median for plans this size$2,416
2024$3,368 per active participant
2023$3,048 per active participant
2022$2,972 per active participant

Rowe, 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 · 20242
MMA SECURITIES LLC · Investment advisory (plan)$41,005
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$20,746

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$61,751 · 0.21%
2023$54,765 · 0.22%
2022$56,212 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Michigan
Alten Technology USA, Inc. MI$32.0M · 0.26%
Pea Group MI$31.5M · 0.40%
Wightman & Associates, Inc. MI$30.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381867099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.