401(k) · DOL Form 5500 · 2024

Tower Community Bank 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
67
Participants Small participant base
47th
Percentile by assets National rank
$99,997
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Tower Community Bank Employee Stock Ownership Plan · Sponsored by Tower Community Bank · Tennessee · Finance & Insurance

$7M in assets, 67 participants

Tower Community Bank's Tower Community Bank Employee Stock Ownership Plan reported $7M in total assets and 67 participants in its 2024 DOL Form 5500 filing, ranking in the 47th 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.

  • #2,775 in Finance & Insurance (8,549 peers)

Tower Community Bank multi-year trail

Tower Community Bank's plans moved +32.1% in assets from 2022 to 2024; this filing shows Tower Community Bank Employee Stock Ownership Plan at $7M / 67 participants.

#2,775
in Finance & Insurance (8,549 peers)
+17.1%
assets growth YoY

Tower Community Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Tower Community Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$6,699,787 47th percentile higher than 47% of 123,620 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 2024

Tower Community Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Community Bank Employee Stock Ownership Plan is a small filing (67 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Tower Community Bank Employee Stock Ownership Plan reported net income rose from $240K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Tower Community Bank Employee Stock Ownership Plan end-of-year assets rose from $6M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Tower Community Bank Employee Stock Ownership Plan reported participants rose from 58 in the plan year 2023 filing to 67 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 620806182 · Tower Community Bank PY 2024 · 401(k)

Tower Community Bank Employee Stock Ownership Plan · $7M · 67 · 47th

  • PART $7M
  • PART 67
  • PART 47th
  • PART 401(k)
  • PART near Riverhills Bank 401(k) Savings Plan
  • PART ind #2775

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 Tennessee →

Tower Community Bank Employee Stock Ownership Plan in the asset neighbourhood

Tower Community Bank Employee Stock Ownership PlanTower Community Bank Employe…$7MRiverhills Bank 401(k) Savings PlanRiverhills Bank 401(k) Savin…$7MDoherty Staffing Solutions, Inc. 401(k) PlanDoherty Staffing Solutions, …$7MNhtc 401(k)$7MMachine Sciences Corporation 401(k) Profit Sharing PlanMachine Sciences Corporation…$7M
End-of-year total assets ($M) among Tower Community Bank Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tower Community Bank multi-year asset trail

Sponsor-wide plan assets over time

All Tower Community Bank plans reported in each filing year

Latest sponsor-wide plan assets
$7M 32.078957339506154% vs 2022
2024 filing year
$4.5M$5M$5.5M$6M$6.5M$7M 202220232024 $5.07M $6.7M ▲ +32.1%
Year Plans Participants Total Assets
2022 1 51 $5M
2023 1 58 $6M
2024 1 67 $7M

Tower Community Bank filing trail (2024)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$6M
Net Income$1M
Employer EIN620806182
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Tower Community Bank Employee Stock Ownership Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Tower Community Bank Employee Stock Ownership Plan, Total assets ($B): 0.006699787 · Participants: 67Tower Community Bank Employee Stock Ownership PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health Systems, Inc. Retirement Savings Plan
Tower Community Bank Employee Stock Ownership Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Tower Community Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Tower Community Bank Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Riverhills Bank 401(k) Savings Plan in MS ($7M); by covered participants it is Heidler Roofing Services, Inc 401(k) Profit Sharing Plan in PA (67 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (67 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Tower Community Bank Employee Stock Ownership Plan assets move in 2024? ▼
Tower Community Bank Employee Stock Ownership Plan grew sharply - up 17.1% during 2024, from $6M to $7M. Reported net income was $1M.
How have Tower Community Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Community Bank's sponsor-wide assets grew 32.1%, from $5M to $7M.
Which 401(k) plans are similar in size to Tower Community Bank Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Riverhills Bank 401(k) Savings Plan in MS ($7M, 50 participants).
Which 401(k) plans cover a similar participant headcount to Tower Community Bank Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Heidler Roofing Services, Inc 401(k) Profit Sharing Plan in PA (67 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 620806182.

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.