2023 Form 5500 filing — Tower Energy Group 401k Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240725094340NAL0013865761001) for Tower Energy Group 401k Plan, reported by Tower Energy Group under EIN 33-0442456 and plan number 001. It reports 138 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$13.3MReported net assets$13,282,254
Participants138
Provider compensation$42.7K2 Schedule C row(s)$42,717
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240725094340NAL0013865761001
- Plan sponsor
- Tower Energy Group
- EIN
- 33-0442456
- Plan number
- 001
- Location
- Torrance, CA
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$13.3M total assets
Net assets$13.3MLiabilities$0
Full reported line items
- Total assets (EOY)
- $13,282,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,282,254
- Employer contributions
- $280,690
- Participant contributions
- $357,572
- Total income / additions
- $2,784,163
- Benefits paid
- $256,932
- Administrative expenses
- $30,778
- Total expenses
- $287,710
- Net increase / (decrease)
- $2,496,453
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $30,778 | $0 |
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $11,939 |