Bowman Consulting Group, LTD. 401(k) Review & Grade
Bowman Consulting Group, LTD. Retirement Plan
Reston, VAProfessional, Scientific & Technical Services2,064 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,420Employer $ per active participant
$7,513Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$164.7MNet plan assets, end of year
$66,067Average balance per account
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 52th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,769 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bowman Consulting Group put in about $2,420 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,995,995 |
| Participant (employee) contributions | $15,510,427 |
| Other contributions (incl. rollovers in) | $15,913,024 |
| Administrative expenses paid from the plan | $304,477 |
| Investment advisory & management fees | $60,000 |
| Other admin expenses | $6,920 |
| Benefits paid out | $10,513,741 |
| Net assets, start / end of year | $120.9M / $164.7M |
| Active participants, start / end of year | 2,007 / 2,122 |
| Participants with account balances | 2,493 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz, Abosch, Et. At., P.A. |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $214,818 reported compensation |
| Lion Street Advisors LLC | $60,000 reported compensation |
| Fidelity Personal Trust Company | $29,659 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916094328NAL0001106659001, received 2025-09-16, EIN 54-1762351, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.