Plan Snapshot
- Plan Sponsor: Mcgowan & Company, INC.
- Sponsor EIN: 340841381
- Sponsor Address: 20595 LORAIN ROAD, FAIRVIEW PARK, OH, 44126
- Plan Type: 401(k)
- Total Participants: 495
- Total Assets: $29.7M
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 | 495 | $29.7M | $764,469 | $2.5M |
| 2023 | 482 | $24.1M | $699,937 | $2.2M |
| 2022 | 401 | $18.3M | $612,729 | $1.9M |
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 |
|---|---|---|---|---|
| MALONEY+NOVOTNY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MALONEY+NOVOTNY LLC — 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 | $94,324 | $42,890 | $48,184 | — | — |
| 2023 | $81,309 | $39,968 | $38,091 | — | — |
| 2022 | $68,106 | $34,991 | $28,996 | — | — |