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Benchmarking The Bowen Group 401(K) Plan in Stafford, VA against

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The Bowen Group 401(K) Plan in Stafford, VA has the least participant loans as a percentage of plan assets (0.00%) among the 81 Virginia plans whose industry group is Management, Scientific, and Technical Consulting Services. That 0.00% compares to an average of 0.96% across those 81 plans.

Beating the average of 0.96% means a savings of $31,879 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets

The Bowen Group 401(K) Plan has these standings among those 81 peer plans:

participant loans as a percentage of plan assets = 0.00% (the least, tied)

participant loans = $0 (the least in, tied)

total assets = $3,303,937 (19th-least)

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References

whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
in state. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.

Profile

The Bowen Group 401(K) Plan in Stafford, VA is in Virginia, its EIN is 204032003, its industry group is Management, Scientific, and Technical Consulting Services, its plan administrator is Mary Provus, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 541600, has 100 to 499 total participants, is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.

Numeric values:

total assets at beginning of plan year ($3,755,369)
total assets ($3,303,937)
value of interest in registered investment companies (e.g., mutual funds) ($3.30M)
net assets (assets minus liabilities) ($3.30M)
total contributions ($745,972)
total expenses ($448,365)
cash contributions from participants ($440,229)
cash contributions from employers ($164,283)
interest-bearing cash (e.g., money market accounts, certificates of deposit) ($45,462)
corrective distributions ($41,023)
total administrative expenses ($20,958)
contract administrator fees ($13,038)
average account balance ($10,833)
investment advisory and management fees ($7,920)
average employer+participant cash contribution per active participant ($2,334)
average participant cash contribution per active participant ($1,700)
average employer cash contribution per active participant ($634.30)
total administrative expense per participant ($68.71)
total noninterest-bearing cash ($0)
receivables employer contributions ($0)
receivables participant contributions ($0)
other receivables (not employer nor participant contributions) ($0)
U.S. government securities ($0.0K)
corporate debt instruments (preferred & other than employer securities) ($0)
corporate debt instruments (below preferred & other than employer securities) ($0)
corporate preferred stocks (other than employer securities) ($0)
corporate common stocks (other than employer securities) ($0)
partnership/joint venture interests ($0)
real estate (other than employer real property) ($0)
loans (other than to participants) ($0)
participant loans ($0)
value of interest in common/collective trusts ($0)
value of interest in pooled separate accounts ($0)
value of interest in master trust investment accounts ($0.0K)
value of interest in 103-12 investment entities ($0)
value of funds held in insurance company general account (unallocated contracts) ($0)
other general investments ($0)
employer-related securities investments ($0)
employer-related real-property investments ($0)
buildings and other property used in plan operation ($0)
total liabilities ($0)
professional fees ($0)
other administrative expenses ($0)
asset transfers to the plan ($0)
asset transfers from the plan ($0)
net income per total participant (-$1,480)
total income (-$3,067)
net income (-$451,432)
earnings on investments (-$749,039)
net earnings on investments (-$756,959)
percentage of active participants (84.9%)
diversity of asset types (2.3%)
total cash as a percentage of plan assets (1.38%)
total administrative expense ratio (0.630%)
participant loans as a percentage of plan assets (0.00%)
employer securities as a percentage of plan assets (0.00%)
growth in total assets during the plan year (-12.0%)
yield on beginning-of-plan-year total assets (-20.16%)
active participants (259)
deceased participants whose beneficiaries receive or are entitled to benefits (0)
living participants (305)
other retired or separated participants entitled to future benefits (46)
retired or separated participants receiving benefits (0)
total participants (305)

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	in state
	total assets
	within 50 miles
	whose industry group is
	participant loans as a percentage of plan assets
	value of interest in registered investment companies (e.g., mutual funds)

Benchmarking The Bowen Group 401(K) Plan in Stafford, VA against noteworthy groups of plans Toggle Navigation Dropdown most-similar plans a group of plans you select

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Benchmarking The Bowen Group 401(K) Plan in Stafford, VA against

most-similar plans

a group of plans you select