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
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,445 | H, C | 20240916170444NAL0003323920001 |
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
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.
97%
Employer 3%Participant 97%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income43%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cornerstone Advisory Llp | ADVISOR | $48,307 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $13,903 | $0 | 2023 |