Tower Loan Of Mississippi, Inc. Employee Benefit Plan — Form 5500 plan (Tower Loan Of Mississippi, LLC)
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 Loan Of Mississippi, Inc. Employee Benefit Plan is a benefit plan reported by Tower Loan Of Mississippi, LLC under EIN 45-5079659 and plan number 501. The latest loaded filing year is 2023. The filing reports 432 participants and $338,853 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$338.9KPlan net assets, end of year$338,853
Participants432Covered participants reported
Assets / participant$784Computed: assets ÷ participants$784 (computed)
Provider compensation$271.2K2 Schedule C provider row(s)$271,204
- Plan sponsor
- Tower Loan Of Mississippi, LLC
- EIN
- 45-5079659
- Plan number
- 501
- Plan type
- 2
- Location
- Flowood, MS
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 432 | H, C | 20241015165450NAL0016918531004 |
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)$338.9K total assets
Net assets$338.9KLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $338,853
- Net assets (EOY)
- $338,853
- Net assets (BOY)
- $441,649
Income & contributions
- Employer contributions
- $2,391,679
- Participant contributions
- $1,522,937
- Total contributions
- $3,914,616
- Total income / additions
- $3,914,616
Expenses & distributions
- Benefits paid
- $3,745,082
- Administrative expenses
- $272,330
- Total expenses
- $4,017,412
- Net increase / (decrease)
- -$102,796
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.
61%39%
Employer 61%Participant 39%
Total expenses ÷ net assets1186%Computed ratio
Benefits paid ÷ total income96%Computed ratio
Provider comp. ÷ net assets80%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Umr, Inc. | CLAIMS PROCESSING | $249,827 | $4,787 | 2023 |
| Ross & Yerger Insurance, Inc | BROKER | $16,590 | not reported in the loaded dataset | 2023 |