ESOP · DOL Form 5500 · 2022

Tower Products Incorporated ESOP

Data updated 2026-08-25

$42M
Total assets Below avg plan size
131
Participants Small participant base
86th
Percentile by assets National rank
$320,955
Avg per participant High balance/head
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Official DOL plan name: Tower Products ESOP · Sponsored by Tower Products Incorporated · New York · Retail Trade

$42M in assets, 131 participants

Tower Products Incorporated's Tower Products ESOP reported $42M in total assets and 131 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #8,807 in Retail Trade (9,519 peers)

Coverage in New York

Tower Products ESOP covers 131 participants in New York, about 16% of the average New York filer (state average ~798 per filing). Assets: $42M.

#8,807
in Retail Trade (9,519 peers)
+66.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Tower Products ESOP's outsized position by total assets

Tower Products ESOP vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$42,045,140 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Tower Products ESOP 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 Products ESOP sits mid-pack in the medium band (131 participants).

Form 5500 schedule snapshot

Filing strip 141659003 · Tower Products Incorporated PY 2022 · ESOP

Tower Products ESOP · $42M · 131 · 86th

  • EBSA $42M
  • PART 131
  • TYPE 86th
  • NET ESOP
  • BOOK near Tech-Etch Employee Stock Ownership Plan
  • VS-ST ind #8807

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 What is an ESOP? → · Plans in New York →

Tower Products ESOP in the asset neighbourhood

The Lewis Chemical Company Employee Stock Ownership PlanThe Lewis Chemical Company E…$42MTower Products ESOP$42MTech-Etch Employee Stock Ownership PlanTech-Etch Employee Stock Own…$42MArgi Holdings, Inc. Employee Stock Ownership PlanArgi Holdings, Inc. Employee…$42MEastridge Workforce Solutions Employee Stock Ownership PlanEastridge Workforce Solution…$42M
End-of-year total assets ($M) among Tower Products ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$9M
Net Income$17M
Employer EIN141659003
Plan Effective Date2015-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tower Products Incorporated)

Sponsor-wide plan assets over time

All Tower Products Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$80M 37.796156086518906% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $57.9M $79.7M ▲ +37.8%
Year Plans Participants Total Assets
2022 2 293 $58M
2023 2 327 $73M
2024 2 363 $80M

Nearby ESOP Plans in New York

Peer ESOP plans, same state, same plan type, ranked by total assets.

Tower Products ESOP vs. nearby ESOP plans in New York, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 02004006008001000 Total assets ($M) Participants Tower Products ESOP, Total assets ($M): 42.04514 · Participants: 131Tower Products ESOPStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 781.613108 · Participants: 3443Stewart's Shops Corp Employee Stock Ownership PlanLewis Tree Service Employee Stock Ownership Plan, Total assets ($M): 384.275596 · Participants: 3307Lewis Tree Service Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 293.053093 · Participants: 118H.C. Wainwright & Co. Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 207.331837 · Participants: 1611Greenman-Pedersen, Inc. Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 183.683651 · Participants: 3775Griffon Corporation Employee Stock Ownership Plan
Tower Products ESOP vs. nearby ESOP plans in New York, assets vs. participants

Tower Products ESOP's out-of-state ESOP peers by assets and headcount

Outside New York, the nearest ESOP by assets is Tech-Etch Employee Stock Ownership Plan in MA ($42M); by covered participants it is Bluewater Constructors, Inc. Employee Stock Ownership Plan in TX (131 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (131 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Tower Products ESOP assets move in 2022? ▼
Tower Products ESOP surged - up 66.0% during 2022, from $25M to $42M. Reported net income was $17M.
How have Tower Products Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Products Incorporated's sponsor-wide assets grew 37.8%, from $58M to $80M.
Where does Tower Products ESOP rank by assets among Form 5500 filers? ▼
Tower Products ESOP ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Tower Products ESOP? ▼
Among ESOP plans in other states, the closest by assets is Tech-Etch Employee Stock Ownership Plan in MA ($42M, 763 participants).
Which ESOP plans cover a similar participant headcount to Tower Products ESOP? ▼
Among ESOP plans in other states, the closest by covered participants is Bluewater Constructors, Inc. Employee Stock Ownership Plan in TX (131 participants, $29M in assets).