401(k) · DOL Form 5500 · 2023

Tower Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
556
Participants Below avg headcount
89th
Percentile by assets National rank
$140,369
Avg per participant Near avg balance/head
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Official DOL plan name: Tower Federal Credit Union Savings Plan · Sponsored by Tower Federal Credit Union · Maryland · Finance & Insurance

$78M in assets, 556 participants

Tower Federal Credit Union's Tower Federal Credit Union Savings Plan reported $78M in total assets and 556 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,425 in Finance & Insurance (8,869 peers)

Where Tower Federal Credit Union Savings Plan sits by assets

Tower Federal Credit Union Savings Plan sits in the top quartile of all filed plans by assets, $78M for 556 participants (~$140,369/participant), up 25.5% in 2023.

#7,425
in Finance & Insurance (8,869 peers)
+25.5%
assets growth YoY
0.8×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$78,045,044 Top 11% higher than 89% 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 Federal Credit Union Savings 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 Federal Credit Union Savings Plan sits mid-pack in the medium band (556 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tower Federal Credit Union Savings Plan reported net income rose from -$12M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Tower Federal Credit Union Savings Plan end-of-year assets rose from $62M in the plan year 2022 filing to $78M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 530214895 · Tower Federal Credit Union PY 2023 · 401(k)

Tower Federal Credit Union Savings Plan · $78M · 556 · 89th

  • PCT $78M
  • PCT 556
  • PCT 89th
  • PCT 401(k)
  • PCT near Greenleaf Trust 401(k) Plan
  • PCT ind #7425

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

Greenleaf Trust 401(k) Plan$78MTower Federal Credit Union Savings PlanTower Federal Credit Union S…$78MIndependent Administrative Services, L.L.C. 401(k) PlanIndependent Administrative S…$78MMood401(k) Savings and Retirement PlanMood401(k) Savings and Retir…$78MBbl Companies 401(k) Retirement Savings Plan and TrustBbl Companies 401(k) Retirem…$78M
End-of-year total assets ($M) among Tower Federal Credit Union Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$78M
Net Income$16M
Employer EIN530214895
Plan Effective Date1985-01-01
Filing StatusFILING 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
$140M$160M$180M$200M$220M 202220232024 $152M $200M ▲ +31.4%
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.

Tower Federal Credit Union Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Tower Federal Credit Union Savings Plan, Total assets ($B): 0.078045044 · Participants: 556Tower Federal Credit Union Savings PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Tower Federal Credit Union Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Tower Federal Credit Union Savings Plan side-by-side with 3 peers →

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 Greenleaf Trust 401(k) Plan in MI ($78M); by covered participants it is J.W. Speaker Corporation 401 (K) Plan in WI (556 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (556 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 Federal Credit Union Savings Plan assets move in 2023? ▼
Tower Federal Credit Union Savings Plan grew sharply - up 25.5% during 2023, from $62M to $78M. Reported net income was $16M.
How have Tower Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Federal Credit Union's sponsor-wide assets grew 31.4%, from $152M to $200M.
Where does Tower Federal Credit Union Savings Plan rank by assets among Form 5500 filers? ▼
Tower Federal Credit Union Savings Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Tower Federal Credit Union Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Greenleaf Trust 401(k) Plan in MI ($78M, 220 participants).
Which 401(k) plans cover a similar participant headcount to Tower Federal Credit Union Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is J.W. Speaker Corporation 401 (K) Plan in WI (556 participants, $41M 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 530214895.

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.