Tower Semiconductor Newport Beach Hourly 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 Hourly Savings Plan is a benefit plan reported by Tower Semiconductor Newport Beach Inc. under EIN 75-3005127 and plan number 002. The latest loaded filing year is 2023. The filing reports 511 participants and $17,735,214 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
- 002
- Plan type
- 2
- Location
- Newport Beach, CA
- Latest filing year
- 2023
- Participants
- 511
- End-of-year plan assets
- $17,735,214
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 511 | H, C | 20241015165333NAL0058813106001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,735,214
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,735,214
- Net assets (BOY)
- $15,429,286
Income & contributions
- Employer contributions
- $156,627
- Participant contributions
- $922,913
- Total contributions
- $1,079,540
- Total income / additions
- $4,018,019
Expenses & distributions
- Benefits paid
- $1,451,694
- Administrative expenses
- $40,558
- Total expenses
- $1,514,386
- Net increase / (decrease)
- $2,503,633
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Dbbmckennon | ACCOUNTANT/AUDITOR | $19,000 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $14,230 | $0 | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $7,328 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Tower Semiconductor Newport Beach Inc.
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Newport Beach, CA
- Dbbmckennon — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation