High Tower 401(K) — Form 5500 plan (High Tower Group, 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, High Tower 401(K) is a benefit plan reported by High Tower Group, LLC under EIN 52-2277203 and plan number 001. The latest loaded filing year is 2023. The filing reports 123 participants and $3,695,353 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$3.7MPlan net assets, end of year$3,695,353
Participants123Covered participants reported
Assets / participant$30KComputed: assets ÷ participants$30,044 (computed)
Provider compensation$18.2K2 Schedule C provider row(s)$18,225
- Plan sponsor
- High Tower Group, LLC
- EIN
- 52-2277203
- Plan number
- 001
- Plan type
- 2
- Location
- Jamestown, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 123 | H, C | 20240924095557NAL0012783489001 |
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)$3.7M total assets
Net assets$3.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $3,695,353
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,695,353
- Net assets (BOY)
- $2,729,372
Income & contributions
- Employer contributions
- $223,163
- Participant contributions
- $553,789
- Total contributions
- $786,040
- Total income / additions
- $1,276,017
Expenses & distributions
- Benefits paid
- $291,811
- Administrative expenses
- $18,225
- Total expenses
- $310,036
- Net increase / (decrease)
- $965,981
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.
29%71%
Employer 29%Participant 71%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income23%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ascensus LLC | NONE | $10,905 | $0 | 2023 |
| Merrill Lynch Retirement & Benefit | NONE | $7,320 | not reported in the loaded dataset | 2023 |