401(k) · DOL Form 5500 · 2024

Tower Community Bank 401(k) Plan

Data updated 2026-08-11

$7M
Total assets
67
Participants
47th
Percentile by assets
$99,997
Avg per participant
PlainRetire home → About this data

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.

  • 47th percentile by assets (of 123,622 plans)
  • #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.

$7M
total plan assets (2024 EOY)
67
covered participants
47th
percentile by assets (of 123,622 plans)
$99,997
avg assets per participant

Where Tower Community Bank Employee Stock Ownership Plan sits by total assets

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 $2,010,000,000 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

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 →

State
Tennessee
Industry
Finance & Insurance

Tower Community Bank across 3 plan years on file

Across the 3 plan years Tower Community Bank has on file (2022-2024), sponsor-wide plan assets have moved from $5M to $7M, a gain of 32.1%, while reported participants moved from 51 to 67 (+31.4%). Peak year by sponsor assets: 2024 ($7M); trough: 2022 ($5M).

Tower Community Bank multi-year asset trail

$4.5M$5M$5.5M$6M$6.5M$7M 202220232024 $5.07M $6.7M ▲ +32.1%
Total plan assets by year, all Tower Community Bank plans on file
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 ($B) Participants Tower Community Bank…, Total assets ($B): 0.006699787 · Participants: 67Tower Community Bank…Fedex Corporation Re…, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Re…Hca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corp…, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corp…International Paper …, Total assets ($B): 4.993858777 · Participants: 12564International Paper …Chs/Community Health…, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health…
Tower Community Bank Employee Stock Ownership Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Tower Community Bank Employee Stock Owne… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Tower Community Bank Employee Stock Ownership Plan by total assets, not by location.

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).

Next read for Tower Community Bank Employee Stock Owne…

Multi-year trail

Ways to act on Tower Community Bank Employee Stock Ownership Plan's numbers.

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.