401(k) · DOL Form 5500 · 2022
Tower Federal Credit Union 401(k) Plan
Data updated 2026-08-25
- $62M
- Total assets Below avg plan size
- 561
- Participants Below avg headcount
- 90th
- Percentile by assets National rank
- $110,889
- Avg per participant Below avg balance/head
Official DOL plan name: Tower Federal Credit Union Savings Plan · Sponsored by Tower Federal Credit Union · Maryland · Finance & Insurance
$62M in assets, 561 participants
Tower Federal Credit Union's Tower Federal Credit Union Savings Plan reported $62M in total assets and 561 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #7,721 in Finance & Insurance (9,261 peers)
Where Tower Federal Credit Union Savings Plan sits by assets
Tower Federal Credit Union Savings Plan sits in the top 10% of all filed plans by assets, $62M for 561 participants (~$110,889/participant), down 16.0% in 2022.
- #7,721
- in Finance & Insurance (9,261 peers)
- -16.0%
- assets change YoY
- 0.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Tower Federal Credit Union Savings Plan's outsized position by total assets
Tower Federal Credit Union Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$62,208,729 Top 10% higher than 90% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Tower Federal Credit Union Savings Plan among mid-size filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Federal Credit Union Savings Plan sits mid-pack in the medium band (561 participants).
Plan-year Form 5500 strip
Filing strip 530214895 · Tower Federal Credit Union PY 2022 · 401(k)
Tower Federal Credit Union Savings Plan · $62M · 561 · 90th
- EOY $62M
- EOY 561
- EOY 90th
- EOY 401(k)
- EOY near Jx Enterprises, Inc. Employee Retirement Savings Plan
- EOY ind #7721
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Maryland →
Tower Federal Credit Union Savings Plan in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $74M |
|---|---|
| Net Assets (End of Year) | $62M |
| Net Income | -$12M |
| Employer EIN | 530214895 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Federal Credit Union)
Sponsor-wide plan assets over time
All Tower Federal Credit Union plans reported in each filing year
- Latest sponsor-wide plan assets
- $200M 31.43032486595433% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 988 | $152M |
| 2023 | 2 | 976 | $178M |
| 2024 | 2 | 983 | $200M |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Lockheed Martin Corporation Salaried Savings Plan $43.6B · 87,666
- Marriott Retirement Savings Plan $8.3B · 82,576
- T. Rowe Price U.S. Retirement Program $3.7B · 6,107
- Nfl Player Second Career Savings Plan $3.3B · 2,819
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $1.9B · 74,729
Tower Federal Credit Union Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Maryland, the nearest 401(k) by assets is Jx Enterprises, Inc. Employee Retirement Savings Plan in WI ($62M); by covered participants it is The Contractors Retirement Plan in PA (561 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($62M here).
- Jx Enterprises, Inc. Employee Retirement Savings Plan (WI) $62M · 1,040
- Ibi Group 401(k) Plan (CA) $62M · 588
- Labatt Food Service Employees' Profit Sharing Plan (TX) $62M · 1,194
- Ampi 401(k) Plan (MN) $62M · 935
Similar participant headcount
Nearest other-state filings by covered participants (561 participants); asset peers above are excluded.
- The Contractors Retirement Plan (PA) 561 · 0 off
- Smi Management, LLC 401(k) Plan and Trust (GA) 561 · 0 off
- Avl North America, Inc. 401(k) Plan (MI) 561 · 0 off
- Marlabs 401(k) Plan (NJ) 561 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.