# Rowan, Incorporated 401(k) Plan
Source: https://planprovider.pro/companies/rowan-incorporated-401k-plan

> Rowan, Incorporated&#39;s 401(k) plan: 113 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/aldrich-cpas-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|

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