Plan Ledger DOL Form 5500 · updated monthly

The Bowen Group401(k)

THE BOWEN GROUP 401(K) PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

The Bowen Group reported $30,388 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $594 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 0.59% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,893rd of 2,266), and 10,072nd of 11,654 in professional & technical services. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has grown from 259 to 321 since 2022.

Plan summary
Net assets, end of year$4,275,846
Participants with balances176
Active participants321
Employer contributions$190,787
Employee contributions$472,073
Employer contribution per active participant$594
Average account balance$24,295
Benefits paid to participants$540,427
Plan auditDisclaimer of opinion
AuditorBERNARD BETHKE
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 176 accts · $191K emplr
2023$3.6M · 155 accts · $192K emplr
2022$3.3M · 131 accts · $164K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,242
Investment management$8,146
Total administrative$30,388
The The Bowen Group 401(k) match · 2024
Employer contribution per active participant$594
Median for plans this size$1,313
2024$594 per active participant
2023$766 per active participant
2022$634 per active participant

The Bowen Group's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ASCENSUS LLC · Recordkeeping$22,061
FIDUCIARY WEALTH MANAGEMENT · Investment advisory (plan)$8,146

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$30,388 · 0.78%
2023$25,882 · 0.75%
2022$20,958 · 0.59%
Same employer
Similar plansProfessional & Technical Services · Virginia
Memoryblue, LLC VA$4.5M · 0.97%
The Masy Group, LLC VA$4.4M · 0.58%
Triumph Enterprises, Inc. VA$4.4M · 0.50%
Mediko, Inc. VA$4.4M · 1.46%
Heartland Energy Partners VA$4.1M · 1.02%
Urban Strategies, LLC VA$4.0M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204032003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.