Tower Products Esop — 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 Esop is a benefit plan reported by Tower Products Incorporated under EIN 14-1659003 and plan number 002. The latest loaded filing year is 2023. The filing reports 142 participants and $55,352,017 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$23MPlan net assets, end of year$23,030,590
Participants142Covered participants reported
Assets / participant$389.8KComputed: assets ÷ participants$389,803 (computed)
Provider compensationNone reported
Plan sponsor
Tower Products Incorporated
EIN
14-1659003
Plan number
002
Plan type
2
Location
Saugerties, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023142H20241011143347NAL0039016560001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$55.4M total assets
Net assets$23MLiabilities$32.3M
Money in vs. money out
Total income / additions$15.2M
Total expenses$1.3M
Benefits paid / distributions$265.2K
Contributions
Employer$1.9M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$55,352,017
Total liabilities (EOY)
$32,321,427
Net assets (EOY)
$23,030,590
Net assets (BOY)
$9,180,600

Income & contributions

Employer contributions
$1,867,022
Total contributions
$1,867,022
Total income / additions
$15,183,314

Expenses & distributions

Benefits paid
$265,226
Administrative expenses
$0
Total expenses
$1,333,324
Net increase / (decrease)
$13,849,990
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income2%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages