# Mcgowan & Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/mcgowan-company-inc-401k-plan

> Mcgowan & Company, INC.'s 401(k) plan: 495 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| VANTAGE FINANCIAL GROUP|NONE|$53,166|—|$53,166|

| THE VANGUARD GROUP, INC.|NONE|$42,890|—|$42,890|

| MALONEY+NOVOTNY LLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [THE VANGUARD GROUP, INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [MALONEY+NOVOTNY LLC](https://planprovider.pro/provider/maloney-novotny-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $96,056

- **Estimated Expense Ratio:** 0.323% 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|$94,324|$42,890|$48,184|—|—|

| 2023|$81,309|$39,968|$38,091|—|—|

| 2022|$68,106|$34,991|$28,996|—|—|

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