Plan5500

Tower Industries, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Tower Industries, 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 Industries, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Tower Industries, Inc. under EIN 42-0774895 and plan number 003. The latest loaded filing year is 2023. The filing reports 191 participants and $16,119,384 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$16.1MPlan net assets, end of year$16,119,384
Participants191Covered participants reported
Assets / participant$84.4KComputed: assets ÷ participants$84,395 (computed)
Provider compensation$114K3 Schedule C provider row(s)$114,006
Plan sponsor
Tower Industries, Inc.
EIN
42-0774895
Plan number
003
Plan type
2
Location
Santa Ynez, CA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    191 participants · 2Sch HSch C
    View filing →
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)$16.1M total assets
Net assets$16.1MLiabilities$0
Money in vs. money out
Total income / additions$3.5M
Total expenses$538.2K
Benefits paid / distributions$424.2K
Contributions
Employer$351.8K
Participant$941.4K
Full reported line items

Net assets

Total assets (EOY)
$16,119,384
Total liabilities (EOY)
$0
Net assets (EOY)
$16,119,384
Net assets (BOY)
$13,123,388

Income & contributions

Employer contributions
$351,787
Participant contributions
$941,372
Total contributions
$1,293,159
Total income / additions
$3,534,231

Expenses & distributions

Benefits paid
$424,229
Administrative expenses
$114,006
Total expenses
$538,235
Net increase / (decrease)
$2,995,996
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.

Contribution share (employer vs. participant)
Employer 27%Participant 73%
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income12%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Empower Annuity Insurance Company O$62.5K
    RECORDKEEPER · Direct $62.5K · Indirect $0
  2. 2
    Ubs Financial Services Inc$50.6K
    INVESTMENT ADVISOR · Direct $50.6K
  3. 3
    Empower Advisory Group, LLC$957
    INVESTMENT MGMT · Direct $957

What to inspect next

Frequently asked questions

Who sponsors the Tower Industries, Inc. 401(K) Profit Sharing Plan?
Tower Industries, Inc. 401(K) Profit Sharing Plan is reported as sponsored by Tower Industries, Inc. (EIN 42-0774895, plan number 003) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Tower Industries, Inc. 401(K) Profit Sharing Plan?
The latest Form 5500 filing year loaded for Tower Industries, Inc. 401(K) Profit Sharing Plan is 2023.
How many participants does Tower Industries, Inc. 401(K) Profit Sharing Plan report?
Tower Industries, Inc. 401(K) Profit Sharing Plan reports 191 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Tower Industries, Inc. 401(K) Profit Sharing Plan?
Tower Industries, Inc. 401(K) Profit Sharing Plan reports $16,119,384 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages