ESOP · DOL Form 5500 · 2023

Tower Products Incorporated ESOP

Data updated 2026-08-25

$55M
Total assets Below avg plan size
142
Participants Small participant base
87th
Percentile by assets National rank
$389,803
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

$55M in assets, 142 participants

Tower Products Incorporated's Tower Products ESOP reported $55M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,780 in Retail Trade (8,414 peers)

Coverage in New York

Tower Products ESOP covers 142 participants in New York, about 18% of the average New York filer (state average ~798 per filing). Assets: $55M.

#7,780
in Retail Trade (8,414 peers)
+31.6%
assets growth YoY
0.6×
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 2023 · DOL Form 5500

$55,352,017 Top 13% higher than 87% 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 ESOP 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 ESOP sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tower Products ESOP end-of-year assets rose from $42M in the plan year 2022 filing to $55M in the plan year 2023 filing.
  • Tower Products ESOP reported net income fell from $17M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Tower Products ESOP reported participants rose from 131 in the plan year 2022 filing to 142 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 141659003 · Tower Products Incorporated PY 2023 · ESOP

Tower Products ESOP · $55M · 142 · 87th

  • VS-ST $55M
  • BOY 142
  • SCH 87th
  • EBSA ESOP
  • PART near S&j Supply Company, Inc. Employee Stock Ownership Plan
  • TYPE ind #7780

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

Swift & Staley Inc. Employee Stock Ownership PlanSwift & Staley Inc. Employee…$56MS&j Supply Company, Inc. Employee Stock Ownership PlanS&j Supply Company, Inc. Emp…$55MTower Products ESOP$55MGlobal Vessel & Tank Holdco, Inc. Employee Stock Ownership PlanGlobal Vessel & Tank Holdco,…$55MGerald H. Phipps, Inc. Employees' Stock Ownership PlanGerald H. Phipps, Inc. Emplo…$55M
End-of-year total assets ($M) among Tower Products ESOP and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$23M
Net Income$14M
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. -1000010002000300040005000 02004006008001000 Total assets ($M) Participants Tower Products ESOP, Total assets ($M): 55.352017 · Participants: 142Tower Products ESOPStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 876.57583 · Participants: 3439Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 406.002646 · Participants: 4467North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 298.738533 · Participants: 3674Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 247.681611 · Participants: 1704Greenman-Pedersen, Inc. Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 241.736533 · Participants: 93H.C. Wainwright & Co. Employee Stock Ownership Plan
Tower Products ESOP vs. nearby ESOP plans in New York, assets vs. participants
Compare Tower Products ESOP side-by-side with 3 peers →

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

Outside New York, the nearest ESOP by assets is S&j Supply Company, Inc. Employee Stock Ownership Plan in CA ($55M); by covered participants it is Weco Employee Stock Ownership Plan and Trust in IA (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 ESOP assets move in 2023? ▼
Tower Products ESOP surged - up 31.6% during 2023, from $42M to $55M. Reported net income was $14M.
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 87th 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 ESOP plans are similar in size to Tower Products ESOP? ▼
Among ESOP plans in other states, the closest by assets is S&j Supply Company, Inc. Employee Stock Ownership Plan in CA ($55M, 33 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 Weco Employee Stock Ownership Plan and Trust in IA (142 participants, $44M 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.