Cowan Systems 401k Profit Sharing Plan — Form 5500 plan (Cowan Systems, LLC)

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, Cowan Systems 401k Profit Sharing Plan is a benefit plan reported by Cowan Systems, LLC under EIN 56-2537962 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,445 participants and $36,990,642 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$37MPlan net assets, end of year$36,990,642
Participants2.4KCovered participants reported2,445
Assets / participant$15.1KComputed: assets ÷ participants$15,129 (computed)
Provider compensation$62.2K2 Schedule C provider row(s)$62,210
Plan sponsor
Cowan Systems, LLC
EIN
56-2537962
Plan number
001
Plan type
2
Location
Baltimore, MD
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    2,445 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$37M total assets
Net assets$37MLiabilities$0
Money in vs. money out
Total income / additions$9.8M
Total expenses$4.3M
Benefits paid / distributions$4.2M
Contributions
Employer$128.2K
Participant$4.2M
Full reported line items

Net assets

Total assets (EOY)
$36,990,642
Total liabilities (EOY)
$0
Net assets (EOY)
$36,990,642
Net assets (BOY)
$31,532,892

Income & contributions

Employer contributions
$128,200
Participant contributions
$4,167,727
Total contributions
$4,795,923
Total income / additions
$9,751,275

Expenses & distributions

Benefits paid
$4,217,802
Administrative expenses
$62,210
Total expenses
$4,293,525
Net increase / (decrease)
$5,457,750
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 3%Participant 97%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income43%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    ADVISOR · Direct $48.3K
  2. 2
    RECORDKEEPER · Direct $13.9K · Indirect $0

Related Form 5500 pages