BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 7900 WESTPARK DR., SUITE A180,MCLEAN,VA
- Contact person: SAMUEL MITCHELL
- Phone: (703) 734-9050
Plan General Information
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is $14,078,161.00.This plan was established in 1996.
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is 127
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is $110,851.00
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is $9,422.00.
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is approximately $1,231.00
Investing in this additonal $1,231.00 for 20 years would give you extra $78,786.00, assuming a 10% annual return.
Investing in this additonal $1,231.00 for 20 years would give you extra $78,786.00, assuming a 10% annual return.
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN allocates $156,342.00 to match its employees' contributions, providing an employer match rate of 26.13% of their contributions
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is 14.17%.
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is 16.09%. This measures the effectiveness of the plan participants' investments in the year.
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN is 0.47%.
Enrollment Features
BOWA BUILDERS, INC. 401(K) PROFIT SHARING PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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