Profit Sharing · DOL Form 5500 · 2024
Tower Systems, Inc. Profit Sharing Plan
Data updated 2026-07-24
- $5M
- Total assets
- 33
- Participants
- 41st
- Percentile by assets
- $142,867
- Avg per participant
Official DOL plan name: Tower Systems, Inc. Profit Sharing Plan · Sponsored by Tower Systems, Inc. · South Dakota · Construction
$5M in assets, 33 participants
Tower Systems, Inc.'s Tower Systems, Inc. Profit Sharing Plan reported $5M in total assets and 33 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.
- 41st percentile by assets (of 116,472 plans)
Tower Systems, Inc. multi-year trail
Tower Systems, Inc.'s plans moved +12.0% in assets from 2022 to 2024; this filing shows Tower Systems, Inc. Profit Sharing Plan at $5M / 33 participants.
- $5M
- total plan assets (2024 EOY)
- 33
- covered participants
- 41st
- percentile by assets (of 116,472 plans)
- $142,867
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tower Systems, Inc. Profit Sharing Plan reported net income rose from $56K in the plan year 2023 filing to $448K in the plan year 2024 filing.
- Tower Systems, Inc. Profit Sharing Plan reported participants fell from 39 in the plan year 2023 filing to 33 in the plan year 2024 filing.
- Tower Systems, Inc. Profit Sharing Plan end-of-year assets rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
Tower Systems, Inc. across 3 plan years on file
Across the 3 plan years Tower Systems, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $4M to $5M, a gain of 12.0%, while reported participants moved from 42 to 33 (-21.4%). Peak year by sponsor assets: 2024 ($5M); trough: 2022 ($4M).
Tower Systems, Inc. multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 42 | $4M |
| 2023 | 1 | 39 | $4M |
| 2024 | 1 | 33 | $5M |
Tower Systems, Inc. filing trail (2024)
| Total Assets (Beginning of Year) | $4M |
|---|---|
| Net Assets (End of Year) | $5M |
| Net Income | $448K |
| Employer EIN | 411245573 |
| Plan Effective Date | 1979-11-01 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in South Dakota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Tower Systems, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in South Dakota, assets vs. participants
- Valley Queen Company Stock Profit Sharing Plan and Trust $23M · 372
- Gpac, LLC 401(k) Plan $22M · 376
- Huron Area Center for Independence 403(b) Plan $16M · 222
- Farmers State Bank of Parkston Profit-Sharing Plan $11M · 32
- Twobadd Investment Plan $737K · N/A
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Tower Systems, Inc. Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
How did Tower Systems, Inc. Profit Sharing Plan assets move in 2024? ▼
How have Tower Systems, Inc. plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Tower Systems, Inc. Profit Sharing Plan? ▼
Next read for Tower Systems, Inc. Profit Sharing Plan
Multi-year trail
Ways to act on Tower Systems, Inc. Profit Sharing Plan's numbers.
- By total assets, Tower Systems, Inc. Profit Sharing Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in South Dakota. Compare plans
- Tower Systems, Inc.'s sponsor-wide assets have grown 12.0% since 2022 across 3 plan years on file. More Construction plans
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 411245573.
Read our methodology - how this data is sourced, computed, and verified.