2023 Form 5500 filing — Tower Semiconductor Newport Beach, Inc. Retirement Plan For Hourly Employees
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 20241015145639NAL0030058177001) for Tower Semiconductor Newport Beach, Inc. Retirement Plan For Hourly Employees, reported by Tower Semiconductor Newport Beach, Inc. under EIN 75-3005127 and plan number 030. It reports 425 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015145639NAL0030058177001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tower Semiconductor Newport Beach, Inc.
- EIN
- 75-3005127
- Plan number
- 030
- Location
- Newport Beach, CA
- Participants
- 425
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $19,952,975
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,952,975
- Total income / additions
- $1,933,439
- Benefits paid
- $962,824
- Administrative expenses
- $223,462
- Total expenses
- $1,186,286
- Net increase / (decrease)
- $747,153
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Aon Consulting Inc | ACTUARIAL,ADMINISTRATION | $175,024 | not reported in the loaded dataset |
| Aon Investment Usa Inc.(Aiusa) | INVESTMENT ADVISOR | $37,500 | not reported in the loaded dataset |
| U.S.Bancorp Assets Management, Inc. | INVESTMENT PROVIDER | $10,938 | $0 |