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 Semiconductor Newport Beach Retirement Savings Plan is a benefit plan reported by Tower Semiconductor Newport Beach Inc. under EIN 75-3005127 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,339 participants and $151,309,754 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $151,309,754
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $151,309,754
- Net assets (BOY)
- $125,038,000
Income & contributions
- Employer contributions
- $2,571,450
- Participant contributions
- $7,754,258
- Total contributions
- $10,980,326
- Total income / additions
- $37,734,682
Expenses & distributions
- Benefits paid
- $11,542,876
- Administrative expenses
- $115,133
- Total expenses
- $11,660,633
- Net increase / (decrease)
- $26,074,049