Plan Snapshot
- Plan Sponsor: W.E. Bowers And Associates, INC.
- Sponsor EIN: 521339598
- Sponsor Address: 12401 KILN COURT, BELTSVILLE, MD, 20705
- Plan Type: 401(k)
- Total Participants: 904
- Total Assets: $21.8M
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. |
|---|---|---|---|---|
| 2024 | 904 | $21.8M | $0 | $2.3M |
| 2023 | 962 | $19.7M | $0 | $2.1M |
| 2022 | 988 | $16.8M | $0 | $2.2M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $59,519 | — | $59,519 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $38,636 | $745 | $39,381 |
| FAW CASSON & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- FAW CASSON & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,900
- Estimated Expense Ratio: 0.454% 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 | $98,681 | $38,636 | — | — | — |
| 2023 | $97,602 | $37,952 | — | — | — |
| 2022 | $84,864 | — | — | — | — |