Other · DOL Form 5500 · 2023
Tower Health Retirement Plan
Data updated 2026-08-25
- $967M
- Total assets Above avg plan size
- 11,344
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $85,217
- Avg per participant Below avg balance/head
Official DOL plan name: Tower Health 403(b) Plan · Sponsored by Tower Health · Pennsylvania · Healthcare & Social Assistance
$967M in assets, 11,344 participants
Tower Health's Tower Health 403(b) Plan reported $967M in total assets and 11,344 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- #17,467 in Healthcare & Social Assistance (17,684 peers)
Coverage in Pennsylvania
Tower Health 403(b) Plan covers 11,344 participants in Pennsylvania, 14x the typical Pennsylvania plan (state average ~822 per filing). Assets: $967M.
- #17,467
- in Healthcare & Social Assistance (17,684 peers)
- +22.7%
- assets growth YoY
- 9.7×
- vs typical plan assets (national mean)
Tower Health 403(b) Plan's outsized position by total assets
Tower Health 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$966,702,226 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Tower Health 403(b) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Health 403(b) Plan is a mega filing (11,344 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Tower Health 403(b) Plan reported net income rose from -$104M in the plan year 2022 filing to $179M in the plan year 2023 filing.
- Tower Health 403(b) Plan end-of-year assets rose from $788M in the plan year 2022 filing to $967M in the plan year 2023 filing.
- Tower Health 403(b) Plan reported participants fell from 12,324 in the plan year 2022 filing to 11,344 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 232201344 · Tower Health PY 2023 · Other
Tower Health 403(b) Plan · $967M · 11,344 · 99th
- EOY $967M
- EOY 11,344
- EOY 99th
- EOY Other
- EOY near St. Lukes Health System Matched 403b Plan
- EOY ind #17467
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 Healthcare & Social Assistance retirement plans → · Plans in Pennsylvania →
Tower Health 403(b) Plan in the asset neighbourhood
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $788M |
|---|---|
| Net Assets (End of Year) | $967M |
| Net Income | $179M |
| Employer EIN | 232201344 |
| Plan Effective Date | 1997-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Health)
Sponsor-wide plan assets over time
All Tower Health plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.1B 43.64676217076761% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 12,324 | $788M |
| 2023 | 1 | 11,344 | $967M |
| 2024 | 1 | 11,699 | $1.1B |
Nearby Other Plans in Pennsylvania
Peer Other plans, same state, same plan type, ranked by total assets.
- The University of Pennsylvania Matching Plan $6.3B · 20,979
- Upmc 403(b) Retirement Savings Plan $4.2B · 78,261
- The University of Pennsylvania Health System 403(b) Retirement Savings Plan $3.1B · 41,942
- Carnegie Mellon University Faculty and Staff Retirement Plan $2.5B · 6,370
- Jefferson Defined Contribution Retirement Plan $2.5B · 15,783
Scale composition for Tower Health 403(b) Plan
Tower Health 403(b) Plan reports $967M in end-of-year assets across 11,344 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $85,217 per participant (62% of the national average assets-per-participant) . Net income for plan year 2023 was $179M.
This plan identity (EIN 232201344, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $788M to $1.1B (+43.6%) while covered participants moved from 12,324 to 11,699 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,324 | $788M | Open filing |
| 2023 | 11,344 | $967M | This page |
| 2024 · index core | 11,699 | $1.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Tower Health 403(b) Plan (Other, $1.1B, 11,699 participants)
Tower Health 403(b) Plan's out-of-state Other peers by assets and headcount
Outside Pennsylvania, the nearest Other by assets is St. Lukes Health System Matched 403b Plan in ID ($965M); by covered participants it is Presbyterian Healthcare Services 403(b) Plan in NM (11,387 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($967M here).
- St. Lukes Health System Matched 403b Plan (ID) $965M · 16,715
- Children's Mercy Hospital Tax-Deferred Annuity Retirement Plan (MO) $969M · 8,984
- The Research Foundation for Suny Optional Retirement Plan (NY) $960M · 4,423
- 403(b) Retirement Savings Plan for Integris Health, Inc. (OK) $957M · 10,744
Similar participant headcount
Nearest other-state filings by covered participants (11,344 participants); asset peers above are excluded.
- Presbyterian Healthcare Services 403(b) Plan (NM) 11,387 · 43 off
- Board of Electrical Workers Local #26 I.a. Individual Account Plan (MD) 11,479 · 135 off
- Weill Cornell Medical College Tax Deferred Annuity Plan (NY) 11,173 · 171 off
- Shands Healthcare Matched Savings Account 403(b) (FL) 11,144 · 200 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.