Defined Benefit (Pension) · DOL Form 5500 · 2023

Tower Semiconductor Newport Beach, Inc. Pension Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
114
Participants Small participant base
73rd
Percentile by assets National rank
$175,026
Avg per participant Above avg balance/head
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Official DOL plan name: Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees · Sponsored by Tower Semiconductor Newport Beach, Inc. · California · Manufacturing

$20M in assets, 114 participants

Tower Semiconductor Newport Beach, Inc.'s Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported $20M in total assets and 114 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #11,686 in Manufacturing (18,722 peers)

Coverage in California

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees covers 114 participants in California, about 18% of the average California filer (state average ~630 per filing). Assets: $20M.

#11,686
in Manufacturing (18,722 peers)
+3.9%
assets growth YoY

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees's outsized position by total assets

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees vs every filed plan by assets

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

$19,952,975 Top 27% higher than 73% 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 Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees 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 Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees sits mid-pack in the medium band (114 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported net income rose from -$7M in the plan year 2022 filing to $747K in the plan year 2023 filing.
  • Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees end-of-year assets rose from $19M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported participants rose from 111 in the plan year 2022 filing to 114 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 753005127 · Tower Semiconductor Newport Beach, Inc. PY 2023 · Defined Benefit (Pension)

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees · $20M · 114 · 73rd

  • RANK $20M
  • PHOTO 114
  • IND 73rd
  • EOY Defined Benefit (Pension)
  • 5500 near National Automatic Sprinkler Metal Trades Pension Fund
  • ASSETS ind #11686

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 Manufacturing retirement plans → · Plans in California →

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees in the asset neighbourhood

National Automatic Sprinkler Metal Trades Pension FundNational Automatic Sprinkler…$20MWalter Duncan, Inc. Employees Retirement PlanWalter Duncan, Inc. Employee…$20MTower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly EmployeesTower Semiconductor Newport …$20MDover Chemical Corp.Pension Plan for Ees Represented by Teamsters Local 92Dover Chemical Corp.Pension …$20MR. W. Sidley, Inc. Employees' Retirement PlanR. W. Sidley, Inc. Employees…$20M
End-of-year total assets ($M) among Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$20M
Net Income$747K
Employer EIN753005127
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tower Semiconductor Newport Beach, Inc.)

Sponsor-wide plan assets over time

All Tower Semiconductor Newport Beach, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$215M 34.92179221563095% vs 2022
2024 filing year
$140M$160M$180M$200M$220M$240M 202220232024 $160M $215M ▲ +34.9%
Year Plans Participants Total Assets
2022 3 1,737 $160M
2023 3 1,726 $189M
2024 3 1,540 $215M

Nearby Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees, Total assets ($B): 0.019952975 · Participants: 114Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly EmployeesKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan D
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees side-by-side with 3 peers →

Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is National Automatic Sprinkler Metal Trades Pension Fund in MD ($20M); by covered participants it is Floridacentral Credit Union Cash Balance Retirement Pension Plan in FL (114 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (114 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 Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees assets move in 2023? ▼
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees edged up modestly - up 3.9% during 2023, from $19M to $20M. Reported net income was $747K.
How have Tower Semiconductor Newport Beach, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Semiconductor Newport Beach, Inc.'s sponsor-wide assets grew 34.9%, from $160M to $215M.
Which Defined Benefit (Pension) plans are similar in size to Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is National Automatic Sprinkler Metal Trades Pension Fund in MD ($20M, 667 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Floridacentral Credit Union Cash Balance Retirement Pension Plan in FL (114 participants, $18M 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 753005127.

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.