401(k) · DOL Form 5500 · 2023

Gowan Construction, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
147
Participants Small participant base
68th
Percentile by assets National rank
$104,834
Avg per participant Below avg balance/head
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Official DOL plan name: Gowan Construction, Inc. Retirement Plan · Sponsored by Gowan Construction, Inc. · Minnesota · Construction

$15M in assets, 147 participants

Gowan Construction, Inc.'s Gowan Construction, Inc. Retirement Plan reported $15M in total assets and 147 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #5,991 in Construction (9,030 peers)

Coverage in Minnesota

Gowan Construction, Inc. Retirement Plan covers 147 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#5,991
in Construction (9,030 peers)
+14.7%
assets growth YoY

Gowan Construction, Inc. Retirement Plan's outsized position by total assets

Gowan Construction, Inc. Retirement Plan vs every filed plan by assets

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

$15,410,603 Top 32% higher than 68% 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 Construction, Inc. Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gowan Construction, Inc. Retirement Plan sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gowan Construction, Inc. Retirement Plan reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Gowan Construction, Inc. Retirement Plan end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Gowan Construction, Inc. Retirement Plan reported participants fell from 157 in the plan year 2022 filing to 147 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 450435648 · Gowan Construction, Inc. PY 2023 · 401(k)

Gowan Construction, Inc. Retirement Plan · $15M · 147 · 68th

  • 5500 $15M
  • 5500 147
  • 5500 68th
  • 5500 401(k)
  • 5500 near Transportation Commodities, Inc. 401(k) Savings Plan
  • 5500 ind #5991

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 Construction retirement plans → · Plans in Minnesota →

Gowan Construction, Inc. Retirement Plan in the asset neighbourhood

Gowan Construction, Inc. Retirement PlanGowan Construction, Inc. Ret…$15MTransportation Commodities, Inc. 401(k) Savings PlanTransportation Commodities, …$15MGeiger Pump and Equipment Company Profit Sharing PlanGeiger Pump and Equipment Co…$15MCoda Resources Ltd. 401(k) PlanCoda Resources Ltd. 401(k) P…$15MIntegrated Specialty Coverages, LLC 401(k) PlanIntegrated Specialty Coverag…$15M
End-of-year total assets ($M) among Gowan Construction, Inc. Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN450435648
Plan Effective Date2000-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gowan Construction, Inc.)

Sponsor-wide plan assets over time

All Gowan Construction, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$17M 25.01451935808997% vs 2022
2024 filing year
$12M$14M$16M$18M 202220232024 $13.4M $16.8M ▲ +25.0%
Year Plans Participants Total Assets
2022 1 157 $13M
2023 1 147 $15M
2024 1 165 $17M

Nearby 401(k) Plans in Minnesota

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

Gowan Construction, Inc. Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Gowan Construction, Inc. Retirement Plan, Total assets ($B): 0.015410603 · Participants: 147Gowan Construction, Inc. Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Gowan Construction, Inc. Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Gowan Construction, Inc. Retirement Plan side-by-side with 3 peers →

Gowan Construction, Inc. Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Transportation Commodities, Inc. 401(k) Savings Plan in CA ($15M); by covered participants it is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants). Same-state nearby plans are listed separately above.

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 Construction, Inc. Retirement Plan assets move in 2023? ▼
Gowan Construction, Inc. Retirement Plan grew at a solid clip - up 14.7% during 2023, from $13M to $15M. Reported net income was $2M.
How have Gowan Construction, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gowan Construction, Inc.'s sponsor-wide assets grew 25.0%, from $13M to $17M.
Which 401(k) plans are similar in size to Gowan Construction, Inc. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Transportation Commodities, Inc. 401(k) Savings Plan in CA ($15M, 1,048 participants).
Which 401(k) plans cover a similar participant headcount to Gowan Construction, Inc. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants, $7M 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 450435648.

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.