Plan Ledger DOL Form 5500 · updated monthly

W.E. Bowers and Associates, Inc.401(k)

W.E. BOWERS & ASSOCIATES NON-UNION RETIREMENT PLAN · BELTSVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

W.E. Bowers and Associates, Inc. reported $56,207 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $7,517 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 fell from 0.27% to 0.21%. 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 the 472nd-largest of 1,671 plans among Maryland employers on file, and the 1,538th of 5,337 in construction. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,826,960
Participants with balances195
Active participants147
Employer contributions$1,104,956
Employee contributions$1,186,696
Employer contribution per active participant$7,517
Average account balance$152,959
Benefits paid to participants$1,004,383
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 195 accts · $1.1M emplr
2023$24.9M · 172 accts · $1.0M emplr
2022$20.2M · 179 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,270
Investment management$50,937
Total administrative$56,207
The W.E. Bowers and Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$7,517
Median for plans this size$2,416
2024$7,517 per active participant
2023$7,113 per active participant
2022$7,867 per active participant

W.E. Bowers and Associates, Inc.'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$50,936
ADP, INC. · Loan processing · Recordkeeping$5,270
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$56,207 · 0.21%
2023$52,440 · 0.23%
2022$57,653 · 0.27%
All plans at this employer2
W.E. BOWERS & ASSOCIATES UNION RETIREMENT PLAN401(k)
W.E. BOWERS & ASSOCIATES NON-UNION RETIREMENT PLAN401(k)
Similar plansConstruction · Maryland
Delaware Elevator, Inc. MD$37.0M · 0.59%
Electrico, Inc. MD$34.1M · 0.40%
The Foulger-Pratt Companies MD$32.0M · 0.47%
Pleasants Construction, Inc MD$28.0M · 0.51%
Long Fence Company, Inc. MD$27.0M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521339598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.