Tower Energy Group 401k Plan — Form 5500 plan (Tower Energy Group)
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 Energy Group 401k Plan is a benefit plan reported by Tower Energy Group under EIN 33-0442456 and plan number 001. The latest loaded filing year is 2023. The filing reports 138 participants and $13,282,254 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tower Energy Group
- EIN
- 33-0442456
- Plan number
- 001
- Plan type
- 2
- Location
- Torrance, CA
- Latest filing year
- 2023
- Participants
- 138
- End-of-year plan assets
- $13,282,254
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 138 | H, C | 20240725094340NAL0013865761001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,282,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,282,254
- Net assets (BOY)
- $10,786,881
Income & contributions
- Employer contributions
- $280,690
- Participant contributions
- $357,572
- Total contributions
- $638,262
- Total income / additions
- $2,784,163
Expenses & distributions
- Benefits paid
- $256,932
- Administrative expenses
- $30,778
- Total expenses
- $287,710
- Net increase / (decrease)
- $2,496,453
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $30,778 | $0 | 2023 |
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $11,939 | 2023 |