Plan Snapshot
- Plan Sponsor: Rowan, Incorporated
- Sponsor EIN: 330788307
- Sponsor Address: 2778 LOKER AVENUE WEST, CARLSBAD, CA, 92010
- Plan Type: 401(k)
- Total Participants: 113
- Total Assets: $5.5M
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 | 113 | $5.5M | $168,560 | $490,175 |
| 2023 | 127 | $5.0M | $318,849 | $438,565 |
| 2022 | 111 | $3.8M | $150,453 | $330,722 |
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 |
|---|---|---|---|---|
| ALDRICH CPAS AND ADVISORS LLP | Auditor | $27,130 | — | $27,130 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALDRICH CPAS AND ADVISORS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,130
- Estimated Expense Ratio: 0.490% 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 | $77,006 | $23,364 | $26,512 | $27,130 | — |
| 2023 | $39,470 | $18,334 | $21,136 | — | — |
| 2022 | $50,514 | $17,793 | $19,221 | — | $13,500 |