Tower Loan Of Mississippi, LLC Profit Sharing Plan For Managers — Form 5500 plan (Tower Loan Of Mississippi, LLC)
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 Loan Of Mississippi, LLC Profit Sharing Plan For Managers is a benefit plan reported by Tower Loan Of Mississippi, LLC under EIN 45-5079659 and plan number 002. The latest loaded filing year is 2023. The filing reports 266 participants and $2,604,967 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$2.6MPlan net assets, end of year$2,604,967
Participants266Covered participants reported
Assets / participant$9.8KComputed: assets ÷ participants$9,793 (computed)
Provider compensation$17.2K2 Schedule C provider row(s)$17,217
- Plan sponsor
- Tower Loan Of Mississippi, LLC
- EIN
- 45-5079659
- Plan number
- 002
- Plan type
- 2
- Location
- Flowood, MS
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 266 | H, C | 20241015191615NAL0051042048001 |
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)$2.6M total assets
Net assets$2.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $2,604,967
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,604,967
- Net assets (BOY)
- $2,637,598
Income & contributions
- Total contributions
- $0
- Total income / additions
- $438,102
Expenses & distributions
- Benefits paid
- $452,299
- Administrative expenses
- $18,434
- Total expenses
- $470,733
- Net increase / (decrease)
- -$32,631
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.
Total expenses ÷ net assets18%Computed ratio
Benefits paid ÷ total income103%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Oneamerica Retirement Services | NONE | $17,217 | not reported in the loaded dataset | 2023 |
| Matrix Trust Company | NONE | $0 | $0 | 2023 |