Tower Semiconductor Newport Beach Retirement Savings Plan — Form 5500 plan (Tower Semiconductor Newport Beach Inc.)

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 Semiconductor Newport Beach Retirement Savings Plan is a benefit plan reported by Tower Semiconductor Newport Beach Inc. under EIN 75-3005127 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,339 participants and $151,309,754 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Tower Semiconductor Newport Beach Inc.
EIN
75-3005127
Plan number
001
Plan type
2
Location
Newport Beach, CA
Latest filing year
2023
Participants
1,339
End-of-year plan assets
$151,309,754

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,339H, C20241015171850NAL0030467969001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$151,309,754
Total liabilities (EOY)
$0
Net assets (EOY)
$151,309,754
Net assets (BOY)
$125,038,000

Income & contributions

Employer contributions
$2,571,450
Participant contributions
$7,754,258
Total contributions
$10,980,326
Total income / additions
$37,734,682

Expenses & distributions

Benefits paid
$11,542,876
Administrative expenses
$115,133
Total expenses
$11,660,633
Net increase / (decrease)
$26,074,049

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$70,939$02023
Strategic Advisors, Inc.ADVISOR$44,194not reported in the loaded dataset2023

Related Form 5500 pages