Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mcgowan & Company, Inc. 401(K) Plan is a benefit plan reported by Mcgowan & Company, Inc. under EIN 34-0841381 and plan number 001. The latest loaded filing year is 2023. The filing reports 531 participants and $24,065,080 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,065,080
- Total liabilities (EOY)
- $17,643
- Net assets (EOY)
- $24,047,437
- Net assets (BOY)
- $18,314,636
Income & contributions
- Employer contributions
- $699,937
- Participant contributions
- $2,222,603
- Total contributions
- $3,231,361
- Total income / additions
- $6,771,162
Expenses & distributions
- Benefits paid
- $957,052
- Administrative expenses
- $81,309
- Total expenses
- $1,038,361
- Net increase / (decrease)
- $5,732,801