Tower Products Incorporated Profit Sharing Plan — Form 5500 plan (Tower Products Incorporated)
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 Products Incorporated Profit Sharing Plan is a benefit plan reported by Tower Products Incorporated under EIN 14-1659003 and plan number 001. The latest loaded filing year is 2023. The filing reports 213 participants and $17,163,928 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tower Products Incorporated
- EIN
- 14-1659003
- Plan number
- 001
- Plan type
- 2
- Location
- Saugerties, NY
- Latest filing year
- 2023
- Participants
- 213
- End-of-year plan assets
- $17,163,928
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 213 | H, C | 20240729155011NAL0019614753001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,163,928
- Total liabilities (EOY)
- $1,270
- Net assets (EOY)
- $17,162,658
- Net assets (BOY)
- $15,819,562
Income & contributions
- Participant contributions
- $533,208
- Total contributions
- $538,675
- Total income / additions
- $2,587,235
Expenses & distributions
- Benefits paid
- $1,165,368
- Administrative expenses
- $72,997
- Total expenses
- $1,244,139
- Net increase / (decrease)
- $1,343,096
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $58,315 | $0 | 2023 |
| Osaic Wealth, Inc. | OTHER SERVICES | $0 | $25,254 | 2023 |
| Strategic Pension Services, LLC | TPA | $14,756 | $6,313 | 2023 |
| Envestnet Retirement Solutions, LLC | INVESTMENT ADVISORY | $0 | $6,438 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Tower Products Incorporated
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Saugerties, NY
- Principal Life Insurance Company — Schedule C compensation
- Osaic Wealth, Inc. — Schedule C compensation
- Strategic Pension Services, LLC — Schedule C compensation
- Envestnet Retirement Solutions, LLC — Schedule C compensation