2023 Form 5500 filing — Tower Products Incorporated Profit Sharing 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 20240729155011NAL0019614753001) for Tower Products Incorporated Profit Sharing Plan, reported by Tower Products Incorporated under EIN 14-1659003 and plan number 001. It reports 213 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729155011NAL0019614753001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tower Products Incorporated
- EIN
- 14-1659003
- Plan number
- 001
- Location
- Saugerties, NY
- Participants
- 213
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,163,928
- Total liabilities (EOY)
- $1,270
- Net assets (EOY)
- $17,162,658
- Participant contributions
- $533,208
- Total income / additions
- $2,587,235
- Benefits paid
- $1,165,368
- Administrative expenses
- $72,997
- Total expenses
- $1,244,139
- Net increase / (decrease)
- $1,343,096
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $58,315 | $0 |
| Osaic Wealth, Inc. | OTHER SERVICES | $0 | $25,254 |
| Strategic Pension Services, LLC | TPA | $14,756 | $6,313 |
| Envestnet Retirement Solutions, LLC | INVESTMENT ADVISORY | $0 | $6,438 |