Plan Snapshot
- Plan Sponsor: Bowa Builders, INC.
- Sponsor EIN: 541440392
- Sponsor Address: 7900 WESTPARK DR., SUITE A180, MCLEAN, VA, 22102
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $16.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 82 | $16.0M | $258,868 | $595,339 |
| 2023 | 77 | $14.1M | $156,342 | $598,347 |
| 2022 | 127 | $12.3M | $185,850 | $591,396 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES, LLC | Recordkeeper | $38,078 | — | $38,078 |
| SENTINEL BENEFITS GROUP, LLC | Recordkeeper | $28,485 | — | $28,485 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $6,210 | — | $6,210 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — Recordkeeper
- SENTINEL BENEFITS GROUP, LLC — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,773
- Estimated Expense Ratio: 0.456% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $72,773 | $38,078 | — | — | — |
| 2023 | $65,989 | $32,585 | — | — | — |
| 2022 | — | — | — | — | — |