Plan5500

Tower Semiconductor Newport Beach, Inc. Retirement Plan For Hourly Employees — Form 5500 plan (Tower Semiconductor Newport Beach, 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 Semiconductor Newport Beach, Inc. Retirement Plan For Hourly Employees is a benefit plan reported by Tower Semiconductor Newport Beach, Inc. under EIN 75-3005127 and plan number 030. The latest loaded filing year is 2023. The filing reports 425 participants and $19,952,975 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Tower Semiconductor Newport Beach, Inc.
EIN
75-3005127
Plan number
030
Plan type
2
Location
Newport Beach, CA
Latest filing year
2023
Participants
425
End-of-year plan assets
$19,952,975

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023425H, C20241015145639NAL0030058177001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$19,952,975
Total liabilities (EOY)
$0
Net assets (EOY)
$19,952,975
Net assets (BOY)
$19,205,822

Income & contributions

Total contributions
$0
Total income / additions
$1,933,439

Expenses & distributions

Benefits paid
$962,824
Administrative expenses
$223,462
Total expenses
$1,186,286
Net increase / (decrease)
$747,153

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Aon Consulting IncACTUARIAL,ADMINISTRATION$175,024not reported in the loaded dataset2023
Aon Investment Usa Inc.(Aiusa)INVESTMENT ADVISOR$37,500not reported in the loaded dataset2023
U.S.Bancorp Assets Management, Inc.INVESTMENT PROVIDER$10,938$02023

Related Form 5500 pages