401(k) · DOL Form 5500 · 2023
Tower Semiconductor Newport Beach Inc. 401(k) Plan
Data updated 2026-08-25
- $18M
- Total assets Small plan by assets
- 470
- Participants Below avg headcount
- 70th
- Percentile by assets National rank
- $37,734
- Avg per participant Low balance/head
Official DOL plan name: Tower Semiconductor Newport Beach Hourly Savings Plan · Sponsored by Tower Semiconductor Newport Beach Inc. · California · Manufacturing
$18M in assets, 470 participants
Tower Semiconductor Newport Beach Inc.'s Tower Semiconductor Newport Beach Hourly Savings Plan reported $18M in total assets and 470 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.
- #11,162 in Manufacturing (18,722 peers)
Tower Semiconductor Newport Beach Inc. multi-year trail
Tower Semiconductor Newport Beach Inc.'s plans moved +34.9% in assets from 2022 to 2024; this filing shows Tower Semiconductor Newport Beach Hourly Savings Plan at $18M / 470 participants.
- #11,162
- in Manufacturing (18,722 peers)
- +14.9%
- assets growth YoY
Tower Semiconductor Newport Beach Hourly Savings Plan's outsized position by total assets
Tower Semiconductor Newport Beach Hourly Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$17,735,214 Top 30% higher than 70% 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 Semiconductor Newport Beach Hourly 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 Semiconductor Newport Beach Hourly Savings Plan sits mid-pack in the medium band (470 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Tower Semiconductor Newport Beach Hourly Savings Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Tower Semiconductor Newport Beach Hourly Savings Plan reported participants fell from 561 in the plan year 2022 filing to 470 in the plan year 2023 filing.
- Tower Semiconductor Newport Beach Hourly Savings Plan end-of-year assets rose from $15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 753005127 · Tower Semiconductor Newport Beach Inc. PY 2023 · 401(k)
Tower Semiconductor Newport Beach Hourly Savings Plan · $18M · 470 · 70th
- IND $18M
- EOY 470
- 5500 70th
- ASSETS 401(k)
- PCT near Hpi 401(k) Plan
- EIN ind #11162
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 Hourly Savings Plan in the asset neighbourhood
Tower Semiconductor Newport Beach Inc. multi-year asset trail
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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,737 | $160M |
| 2023 | 3 | 1,726 | $189M |
| 2024 | 3 | 1,540 | $215M |
Tower Semiconductor Newport Beach Inc. filing trail (2023)
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $18M |
| Net Income | $3M |
| Employer EIN | 753005127 |
| Plan Effective Date | 2002-05-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Wells Fargo & Company 401(k) Plan $51.8B · 193,919
- Google LLC 401(k) Savings Plan $39.0B · 122,867
- Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
- Intel 401(k) Savings Plan $22.2B · 59,863
- Apple 401(k) Plan $19.8B · 106,111
Tower Semiconductor Newport Beach Hourly Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside California, the nearest 401(k) by assets is Hpi 401(k) Plan in MD ($18M); by covered participants it is Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan in IA (470 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($18M here).
- Hpi 401(k) Plan (MD) $18M · 335
- Floral Benefits 401(k) Profit Sharing Plan (FL) $18M · 238
- Poblocki Paving Corp. 401(k) Savings Plan (WI) $18M · 161
- Value Drug, Ltd. Dba Pharmacare 401(k) Profit Sharing Plan (HI) $18M · 134
Similar participant headcount
Nearest other-state filings by covered participants (470 participants); asset peers above are excluded.
- Central Iowa Sheet Metal Workers Supplemental Retirement 401(k) Plan (IA) 470 · 0 off
- Rallye Motor Company 401(k) Plan (NY) 470 · 0 off
- Tapani, Inc. Retirement Savings Plan (WA) 470 · 0 off
- Continental Express, Inc. 401 (K) Plan (OH) 470 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.