Tower Systems, Inc. Profit Sharing Plan — Form 5500 plan (Tower Systems, Inc.)
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, Tower Systems, Inc. Profit Sharing Plan is a benefit plan reported by Tower Systems, Inc. under EIN 41-1245573 and plan number 001. The latest loaded filing year is 2023. The filing reports 58 participants and $4,266,913 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tower Systems, Inc.
- EIN
- 41-1245573
- Plan number
- 001
- Plan type
- 2
- Location
- Watertown, SD
- Latest filing year
- 2023
- Participants
- 58
- End-of-year plan assets
- $4,266,913
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 58 | I | 20240529090706NAL0024309554001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $4,266,913
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,266,913
- Net assets (BOY)
- $4,210,811
Income & contributions
- Employer contributions
- $64,353
- Participant contributions
- $179,640
- Total income / additions
- $869,399
Expenses & distributions
- Benefits paid
- $789,098
- Administrative expenses
- $24,199
- Total expenses
- $813,297
- Net increase / (decrease)
- $56,102
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.