2023 Form 5500 filing — Tower Energy Group 401k Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240725094340NAL0013865761001) for Tower Energy Group 401k Plan, reported by Tower Energy Group under EIN 33-0442456 and plan number 001. It reports 138 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$13.3MReported net assets$13,282,254
Participants138
Provider compensation$42.7K2 Schedule C row(s)$42,717
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240725094340NAL0013865761001
Plan sponsor
Tower Energy Group
EIN
33-0442456
Plan number
001
Location
Torrance, CA
Received date
not reported in the loaded dataset
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$13.3M total assets
Net assets$13.3MLiabilities$0
Money in vs. money out
Total income / additions$2.8M
Total expenses$287.7K
Benefits paid / distributions$256.9K
Contributions
Employer$280.7K
Participant$357.6K
Full reported line items
Total assets (EOY)
$13,282,254
Total liabilities (EOY)
$0
Net assets (EOY)
$13,282,254
Employer contributions
$280,690
Participant contributions
$357,572
Total income / additions
$2,784,163
Benefits paid
$256,932
Administrative expenses
$30,778
Total expenses
$287,710
Net increase / (decrease)
$2,496,453

Reported service provider compensation (Schedule C)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$30,778$0
Actuarial Benefits CorporationOTHER SERVICES$0$11,939

Related Form 5500 pages