Plan Snapshot
- Plan Sponsor: Bowen Engineering Corporation
- Sponsor EIN: 351136995
- Sponsor Address: 8802 N MERIDIAN ST., INDIANAPOLIS, IN, 46260
- Plan Type: 401(k)
- Total Participants: 359
- Total Assets: $44.9M
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 | 359 | $44.9M | $1.1M | $2.0M |
| 2023 | 292 | $39.1M | $908,152 | $1.8M |
| 2022 | 189 | $35.3M | $857,384 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $103,765 | — | $103,765 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $32,738 | — | $32,738 |
| MORGAN STANLEY SMITH BARNEY LLC | OTHER | $16,475 | — | $16,475 |
| BLUE AND COMPANY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- BLUE AND COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,978
- Estimated Expense Ratio: 0.341% 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 | $152,978 | $32,738 | — | — | — |
| 2023 | $160,662 | $52,088 | — | — | — |
| 2022 | $148,757 | $148,757 | — | — | — |