401(k) · DOL Form 5500 · 2024

Tower Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$92M
Total assets Below avg plan size
596
Participants Below avg headcount
90th
Percentile by assets National rank
$153,941
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Tower Federal Credit Union Savings Plan · Sponsored by Tower Federal Credit Union · Maryland · Finance & Insurance

$92M in assets, 596 participants

Tower Federal Credit Union's Tower Federal Credit Union Savings Plan reported $92M in total assets and 596 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,196 in Finance & Insurance (8,549 peers)

Where Tower Federal Credit Union Savings Plan sits by assets

Tower Federal Credit Union Savings Plan sits in the top 10% of all filed plans by assets, $92M for 596 participants (~$153,941/participant), up 17.6% in 2024.

#7,196
in Finance & Insurance (8,549 peers)
+17.6%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Tower Federal Credit Union Savings Plan's outsized position by total assets

Tower Federal Credit Union Savings Plan vs every filed plan by assets

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

$91,748,802 Top 10% higher than 90% 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 Federal Credit Union Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Federal Credit Union Savings Plan sits mid-pack in the medium band (596 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Tower Federal Credit Union Savings Plan end-of-year assets rose from $78M in the plan year 2023 filing to $92M in the plan year 2024 filing.
  • Tower Federal Credit Union Savings Plan reported net income fell from $16M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • Tower Federal Credit Union Savings Plan reported participants rose from 556 in the plan year 2023 filing to 596 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 530214895 · Tower Federal Credit Union PY 2024 · 401(k)

Tower Federal Credit Union Savings Plan · $92M · 596 · 90th

  • IND $92M
  • IND 596
  • IND 90th
  • IND 401(k)
  • IND near Lifetime Products, Inc. 401(k) Retirement Plan
  • IND ind #7196

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 Savings Plan in the asset neighbourhood

Tower Federal Credit Union Savings PlanTower Federal Credit Union S…$92MLifetime Products, Inc. 401(k) Retirement PlanLifetime Products, Inc. 401(…$92MInsider, Inc. 401(k) Plan$92MEasterseals Southern California Retirement PlanEasterseals Southern Califor…$92MFranklin International, Inc. Thrift PlanFranklin International, Inc.…$92M
End-of-year total assets ($M) among Tower Federal Credit Union Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$78M
Net Assets (End of Year)$92M
Net Income$14M
Employer EIN530214895
Plan Effective Date1985-01-01
Filing StatusFILING 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
$140M$160M$180M$200M$220M 202220232024 $152M $200M ▲ +31.4%
Year Plans Participants Total Assets
2022 2 988 $152M
2023 2 976 $178M
2024 2 983 $200M

Nearby 401(k) Plans in Maryland

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

Tower Federal Credit Union Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Tower Federal Credit Union Savings Plan, Total assets ($B): 0.091748802 · Participants: 596Tower Federal Credit Union Savings PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 51.448624264 · Participants: 96812Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 11.712016434 · Participants: 101417Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.948487009 · Participants: 6639T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 4.08462816 · Participants: 2771Nfl Player Second Career Savings PlanLockheed Martin Corporation Performance Sharing Plan for Bargaining Employees, Total assets ($B): 2.987191008 · Participants: 18370Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees
Tower Federal Credit Union Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Tower Federal Credit Union Savings Plan side-by-side with 3 peers →

Tower Federal Credit Union Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Lifetime Products, Inc. 401(k) Retirement Plan in UT ($92M); by covered participants it is Orthonebraska 401(k) Plan in NE (596 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($92M here).

Similar participant headcount

Nearest other-state filings by covered participants (596 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 Federal Credit Union Savings Plan assets move in 2024? ▼
Tower Federal Credit Union Savings Plan grew sharply - up 17.6% during 2024, from $78M to $92M. Reported net income was $14M.
How have Tower Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Federal Credit Union's sponsor-wide assets grew 31.4%, from $152M to $200M.
Where does Tower Federal Credit Union Savings Plan rank by assets among Form 5500 filers? ▼
Tower Federal Credit Union Savings Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Tower Federal Credit Union Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lifetime Products, Inc. 401(k) Retirement Plan in UT ($92M, 1,883 participants).
Which 401(k) plans cover a similar participant headcount to Tower Federal Credit Union Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Orthonebraska 401(k) Plan in NE (596 participants, $98M 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 530214895.

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.