# Bowe Systec North America 401(k) Plan
Source: https://planprovider.pro/companies/bowe-systec-north-america-401k-plan

> Bowe Systec North America&#39;s 401(k) plan: 105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bowe Systec North America

- **Sponsor EIN:** 453265698

- **Sponsor Address:** 8480 HONEYCUT ROAD, RALEIGH, NC, 27615

- **Plan Type:** 401(k)

- **Total Participants:** 105

- **Total Assets:** $12.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|105|$12.5M|$322,760|$795,479|

| 2023|91|$9.7M|$316,849|$740,172|

| 2022|96|$7.8M|$270,000|$719,430|

## 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|

| RUSSON + JOHNSTON CPAS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RUSSON + JOHNSTON CPAS](https://planprovider.pro/provider/pension-assurance-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$68,198|$64,237|—|—|—|

| 2023|$56,326|$14,615|—|—|—|

| 2022|$50,469|—|—|—|—|

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