Plan Snapshot
- Plan Sponsor: Cowan Systems, LLC
- Sponsor EIN: 562537962
- Sponsor Address: 4555 HOLLINS FERRY ROAD, BALTIMORE, MD, 21227
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 287 | $36.5M | $105,591 | $3.6M |
| 2023 | 2,150 | $37.0M | $128,200 | $4.2M |
| 2022 | 2,273 | $31.5M | $84,594 | $4.1M |
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 |
|---|---|---|---|---|
| GRANDIZIO,WILKINS,LITTLE & MATTHEWS | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $14,640 | $14,380 | — | — | — |
| 2024 | $68,252 | $55,418 | — | — | — |
| 2023 | $62,210 | $48,307 | — | — | — |
| 2022 | $61,030 | — | — | — | — |