401(k) · DOL Form 5500 · 2023
Tower Semiconductor Newport Beach Inc. 401(k) Plan
Data updated 2026-08-11
- $151M
- Total assets
- 1,142
- Participants
- 94th
- Percentile by assets
- $132,495
- Avg per participant
Official DOL plan name: Tower Semiconductor Newport Beach Retirement Savings Plan · Sponsored by Tower Semiconductor Newport Beach Inc. · California · Manufacturing
$151M in assets, 1,142 participants
Tower Semiconductor Newport Beach Inc.'s Tower Semiconductor Newport Beach Retirement Savings Plan reported $151M in total assets and 1,142 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 127,072 plans)
- #16,879 in Manufacturing (18,722 peers)
Where Tower Semiconductor Newport Beach Retirement Savings Plan sits by assets
Tower Semiconductor Newport Beach Retirement Savings Plan sits in the top 10% of all filed plans by assets, $151M for 1,142 participants (~$132,495/participant), up 21.0% in 2023.
- $151M
- total plan assets (2023 EOY)
- 1,142
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $132,495
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Tower Semiconductor Newport Beach Retirement Savings Plan reported net income rose from -$26M in the plan year 2022 filing to $26M in the plan year 2023 filing.
- Tower Semiconductor Newport Beach Retirement Savings Plan end-of-year assets rose from $125M in the plan year 2022 filing to $151M in the plan year 2023 filing.
- Tower Semiconductor Newport Beach Retirement Savings Plan reported participants rose from 1,065 in the plan year 2022 filing to 1,142 in the plan year 2023 filing.
Tower Semiconductor Newport Beach Retirement Savings Plan vs the 2023 asset distribution
By assets, Tower Semiconductor Newport Beach Retirement Savings Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $125M |
|---|---|
| Net Assets (End of Year) | $151M |
| Net Income | $26M |
| Employer EIN | 753005127 |
| Plan Effective Date | 2002-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Semiconductor Newport Beach Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,737 | $160M |
| 2023 | 3 | 1,726 | $189M |
| 2024 | 3 | 1,540 | $215M |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Tower Semiconductor Newport Beach Retirement Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Tower Semiconductor Newport Beach Retirement Savings Plan by total assets, not by location.
- Agreliant Genetics 401(k) Retirement Plan (IN) $151M · 754
- Ziply Fiber 401(k) Plan (WA) $151M · 1,451
- Boies Schiller Flexner LLP Retirement Savings Plan (DC) $151M · 291
- United Fire Group 401(k) Plan (IA) $151M · 1,096
Frequently Asked Questions
How did Tower Semiconductor Newport Beach Retirement Savings Plan assets move in 2023? ▼
How have Tower Semiconductor Newport Beach Inc. plan assets changed over time? ▼
Where does Tower Semiconductor Newport Beach Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Tower Semiconductor Newport Beach Retire…
Scale reading
Ways to act on Tower Semiconductor Newport Beach Retirement Savings Plan's numbers.
- By total assets, Tower Semiconductor Newport Beach Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Tower Semiconductor Newport Beach Inc.'s sponsor-wide assets have grown 34.9% since 2022 across 3 plan years on file. More Manufacturing plans