401(k) · DOL Form 5500 · 2023

Tower Products Incorporated 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
185
Participants Below avg headcount
70th
Percentile by assets National rank
$92,778
Avg per participant Below avg balance/head
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Official DOL plan name: Tower Products Incorporated Profit Sharing Plan · Sponsored by Tower Products Incorporated · New York · Retail Trade

$17M in assets, 185 participants

Tower Products Incorporated's Tower Products Incorporated Profit Sharing Plan reported $17M in total assets and 185 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

  • #6,770 in Retail Trade (8,414 peers)

Coverage in New York

Tower Products Incorporated Profit Sharing Plan covers 185 participants in New York, about 23% of the average New York filer (state average ~798 per filing). Assets: $17M.

#6,770
in Retail Trade (8,414 peers)
+8.5%
assets growth YoY

Tower Products Incorporated Profit Sharing Plan's outsized position by total assets

Tower Products Incorporated Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$17,163,928 Top 30% higher than 70% of 127,068 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 2023

Tower Products Incorporated Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Products Incorporated Profit Sharing Plan sits mid-pack in the medium band (185 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tower Products Incorporated Profit Sharing Plan reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Tower Products Incorporated Profit Sharing Plan reported participants rose from 162 in the plan year 2022 filing to 185 in the plan year 2023 filing.
  • Tower Products Incorporated Profit Sharing Plan end-of-year assets rose from $16M in the plan year 2022 filing to $17M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 141659003 · Tower Products Incorporated PY 2023 · 401(k)

Tower Products Incorporated Profit Sharing Plan · $17M · 185 · 70th

  • TYPE $17M
  • TYPE 185
  • TYPE 70th
  • TYPE 401(k)
  • TYPE near Betz Industries, Inc. Retirement Savings Plan
  • TYPE ind #6770

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 Retail Trade retirement plans → · Plans in New York →

Tower Products Incorporated Profit Sharing Plan in the asset neighbourhood

Betz Industries, Inc. Retirement Savings PlanBetz Industries, Inc. Retire…$17MTempleton & Companies Profit Sharing & 401(k) PlanTempleton & Companies Profit…$17MTower Products Incorporated Profit Sharing PlanTower Products Incorporated …$17MHeligroup Holdings, Inc. 401(k) PlanHeligroup Holdings, Inc. 401…$17MMar-Bal, Inc. Retirement Savings PlanMar-Bal, Inc. Retirement Sav…$17M
End-of-year total assets ($M) among Tower Products Incorporated Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$17M
Net Income$1M
Employer EIN141659003
Plan Effective Date1991-07-01
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 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Tower Products Incorporated Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Tower Products Incorporated Profit Sharing Plan, Total assets ($B): 0.017163928 · Participants: 185Tower Products Incorporated Profit Sharing PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Tower Products Incorporated Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Tower Products Incorporated Profit Sharing Plan side-by-side with 3 peers →

Tower Products Incorporated Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Betz Industries, Inc. Retirement Savings Plan in MI ($17M); by covered participants it is Aerie Pharmaceuticals 401(k) Plan in TX (185 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (185 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Tower Products Incorporated Profit Sharing Plan assets move in 2023? ▼
Tower Products Incorporated Profit Sharing Plan grew at a solid clip - up 8.5% during 2023, from $16M to $17M. Reported net income was $1M.
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.
Which 401(k) plans are similar in size to Tower Products Incorporated Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Betz Industries, Inc. Retirement Savings Plan in MI ($17M, 147 participants).
Which 401(k) plans cover a similar participant headcount to Tower Products Incorporated Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aerie Pharmaceuticals 401(k) Plan in TX (185 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 141659003.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.