Defined Benefit (Pension) · DOL Form 5500 · 2023
Tower Federal Credit Union Pension Plan
Data updated 2026-08-25
- $100M
- Total assets Near avg plan size
- 420
- Participants Below avg headcount
- 91st
- Percentile by assets National rank
- $239,131
- Avg per participant Above avg balance/head
Official DOL plan name: Tower Federal Credit Union Retirement Plan · Sponsored by Tower Federal Credit Union · Maryland · Finance & Insurance
$100M in assets, 420 participants
Tower Federal Credit Union's Tower Federal Credit Union Retirement Plan reported $100M in total assets and 420 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.
- #7,683 in Finance & Insurance (8,869 peers)
Coverage in Maryland
Tower Federal Credit Union Retirement Plan covers 420 participants in Maryland, about 45% of the average Maryland filer (state average ~929 per filing). Assets: $100M.
- #7,683
- in Finance & Insurance (8,869 peers)
- +11.8%
- assets growth YoY
- 1.0×
- vs typical plan assets (national mean)
Tower Federal Credit Union Retirement Plan's outsized position by total assets
Tower Federal Credit Union Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$100,435,106 Top 9% higher than 91% 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 Federal Credit Union Retirement 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 Federal Credit Union Retirement Plan sits mid-pack in the medium band (420 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Tower Federal Credit Union Retirement Plan reported net income rose from $9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
- Tower Federal Credit Union Retirement Plan end-of-year assets rose from $90M in the plan year 2022 filing to $100M in the plan year 2023 filing.
- Tower Federal Credit Union Retirement Plan reported participants fell from 427 in the plan year 2022 filing to 420 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 530214895 · Tower Federal Credit Union PY 2023 · Defined Benefit (Pension)
Tower Federal Credit Union Retirement Plan · $100M · 420 · 91st
- NET $100M
- BOOK 420
- VS-ST 91st
- BOY Defined Benefit (Pension)
- SCH near Magnetek Flexcare Plus Retirement Pension Plan
- EBSA ind #7683
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 Finance & Insurance retirement plans → · Plans in Maryland →
Tower Federal Credit Union Retirement Plan in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $90M |
|---|---|
| Net Assets (End of Year) | $100M |
| Net Income | $11M |
| Employer EIN | 530214895 |
| Plan Effective Date | 1964-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Federal Credit Union)
Sponsor-wide plan assets over time
All Tower Federal Credit Union plans reported in each filing year
- Latest sponsor-wide plan assets
- $200M 31.43032486595433% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 988 | $152M |
| 2023 | 2 | 976 | $178M |
| 2024 | 2 | 983 | $200M |
Nearby Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- National Electrical Benefit Fund $18.9B · 323,315
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.4B · 19,673
- Major League Baseball Players Pension Plan $4.6B · 1,087
- National Automatic Sprinkler Industry Pension Fund $4.5B · 15,047
- International Painters and Allied Trades Industry Pension Plan $4.2B · 44,973
Tower Federal Credit Union Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Maryland, the nearest Defined Benefit (Pension) by assets is Magnetek Flexcare Plus Retirement Pension Plan in NY ($100M); by covered participants it is Doosan Pension Plan Number One in ND (420 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($100M here).
- Magnetek Flexcare Plus Retirement Pension Plan (NY) $100M · 50
- Pension Plan for Employees of Coca-Cola Beverages Northeast, Inc. (NH) $101M · 1,093
- Dairy Farmers of America, Inc. Retirement Plan (KS) $101M · 353
- Philadelphia Marine Trade Association International Longshoremen's Accociation Pension Fund (PA) $100M · 99
Similar participant headcount
Nearest other-state filings by covered participants (420 participants); asset peers above are excluded.
- Doosan Pension Plan Number One (ND) 420 · 0 off
- Sheppard, Mullin, Richter & Hampton LLP Cash Balance Pension Plan (CA) 420 · 0 off
- Equifax Inc. U.S. Retirement Income Plan (GA) 420 · 0 off
- Smith & Nephew U.S. Pension Plan (TN) 421 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.