401(k) · DOL Form 5500 · 2023

Gowan & Sons, Inc. 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
11
Participants Small participant base
30th
Percentile by assets National rank
$181,624
Avg per participant Above avg balance/head
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Official DOL plan name: Gowan & Sons Retirement Plan · Sponsored by Gowan & Sons, Inc. · Michigan · Real Estate

$2M in assets, 11 participants

Gowan & Sons, Inc.'s Gowan & Sons Retirement Plan reported $2M in total assets and 11 participants in its 2023 DOL Form 5500 filing, ranking in the 30th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,359 in Real Estate (4,727 peers)

Real Estate sector rank

Within Real Estate, Gowan & Sons Retirement Plan ranks #2,359 of 4,727 2023 filers by assets (1300% of the sector average)-$2M for 11 participants.

#2,359
in Real Estate (4,727 peers)
-24.3%
assets change YoY

The plan reported a net loss of $640K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gowan & Sons Retirement Plan among the smaller filed plans by assets

Gowan & Sons Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,997,864 30th percentile higher than 30% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Gowan & Sons Retirement Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gowan & Sons Retirement Plan is a small filing (11 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gowan & Sons Retirement Plan reported net income fell from $549K in the plan year 2022 filing to -$640K in the plan year 2023 filing.
  • Gowan & Sons Retirement Plan end-of-year assets fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Gowan & Sons Retirement Plan reported participants rose from 9 in the plan year 2022 filing to 11 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 823917006 · Gowan & Sons, Inc. PY 2023 · 401(k)

Gowan & Sons Retirement Plan · $2M · 11 · 30th

  • BOOK $2M
  • BOOK 11
  • BOOK 30th
  • BOOK 401(k)
  • BOOK near Yeck Brothers Company 401(k) Retirement Savings Plan
  • BOOK ind #2359

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Real Estate retirement plans → · Plans in Michigan →

Gowan & Sons Retirement Plan in the asset neighbourhood

Gowan & Sons Retirement Plan$2MYeck Brothers Company 401(k) Retirement Savings PlanYeck Brothers Company 401(k)…$2MStehl Corporation 401(k) Profit Sharing PlanStehl Corporation 401(k) Pro…$2MLaw Offices of W Kirk Moore 401(k) Profit Sharing Plan & TrustLaw Offices of W Kirk Moore …$2MPlacester, Inc. 401(k) Plan$2M
End-of-year total assets ($M) among Gowan & Sons Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Real Estate filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$640K
Employer EIN823917006
Plan Effective Date2018-01-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Gowan & Sons, Inc.)

Sponsor-wide plan assets over time

All Gowan & Sons, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 28.09080547040453% vs 2022
2024 filing year
$1.5M$2M$2.5M$3M 202220232024 $2.64M $1.9M ▼ -28.0%
Year Plans Participants Total Assets
2022 1 9 $3M
2023 1 11 $2M
2024 1 18 $2M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gowan & Sons Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Gowan & Sons Retirement Plan, Total assets ($B): 0.001997864 · Participants: 11Gowan & Sons Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Gowan & Sons Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gowan & Sons Retirement Plan side-by-side with 3 peers →

Gowan & Sons Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Yeck Brothers Company 401(k) Retirement Savings Plan in OH ($2M); by covered participants it is True Colors International, Inc. Retirement Plan in CA (11 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (11 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gowan & Sons Retirement Plan assets move in 2023? ▼
Gowan & Sons Retirement Plan declined sharply - down 24.3% during 2023, from $3M to $2M. Reported net income was -$640K.
How have Gowan & Sons, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gowan & Sons, Inc.'s sponsor-wide assets declined 28.1%, from $3M to $2M.
Which 401(k) plans are similar in size to Gowan & Sons Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Yeck Brothers Company 401(k) Retirement Savings Plan in OH ($2M, 17 participants).
Which 401(k) plans cover a similar participant headcount to Gowan & Sons Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is True Colors International, Inc. Retirement Plan in CA (11 participants, $863K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 823917006.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.