ESOP · DOL Form 5500 · 2024
Tower Products Incorporated ESOP
Data updated 2026-08-25
- $62M
- Total assets Below avg plan size
- 170
- Participants Small participant base
- 86th
- Percentile by assets National rank
- $362,712
- Avg per participant High balance/head
Official DOL plan name: Tower Products ESOP · Sponsored by Tower Products Incorporated · New York · Retail Trade
$62M in assets, 170 participants
Tower Products Incorporated's Tower Products ESOP reported $62M in total assets and 170 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- #7,436 in Retail Trade (8,048 peers)
Coverage in New York
Tower Products ESOP covers 170 participants in New York, about 21% of the average New York filer (state average ~798 per filing). Assets: $62M.
- #7,436
- in Retail Trade (8,048 peers)
- +11.4%
- assets growth YoY
- 0.6×
- vs typical plan assets (national mean)
Tower Products ESOP's outsized position by total assets
Tower Products ESOP vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$61,661,018 Top 14% higher than 86% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Tower Products ESOP 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 Products ESOP sits mid-pack in the medium band (170 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tower Products ESOP reported net income fell from $14M in the plan year 2023 filing to $7M in the plan year 2024 filing.
- Tower Products ESOP reported participants rose from 142 in the plan year 2023 filing to 170 in the plan year 2024 filing.
- Tower Products ESOP end-of-year assets rose from $55M in the plan year 2023 filing to $62M in the plan year 2024 filing.
DOL schedule card
Filing strip 141659003 · Tower Products Incorporated PY 2024 · ESOP
Tower Products ESOP · $62M · 170 · 86th
- PART $62M
- TYPE 170
- NET 86th
- BOOK ESOP
- VS-ST near Needham Bank Employee Stock Ownership Plan
- BOY ind #7436
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 What is an ESOP? → · Plans in New York →
Tower Products ESOP in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $55M |
|---|---|
| Net Assets (End of Year) | $30M |
| Net Income | $7M |
| Employer EIN | 141659003 |
| Plan Effective Date | 2015-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Products Incorporated)
Sponsor-wide plan assets over time
All Tower Products Incorporated plans reported in each filing year
- Latest sponsor-wide plan assets
- $80M 37.796156086518906% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 293 | $58M |
| 2023 | 2 | 327 | $73M |
| 2024 | 2 | 363 | $80M |
Nearby ESOP Plans in New York
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Stewart's Shops Corp Employee Stock Ownership Plan $897M · 3,483
- North Coast Holdings Employee Stock Ownership Plan $451M · 3,042
- Griffon Corporation Employee Stock Ownership Plan $306M · 3,209
- Greenman-Pedersen, Inc. Employee Stock Ownership Plan $254M · 1,716
- Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan $234M · 518
Tower Products ESOP's out-of-state ESOP peers by assets and headcount
Outside New York, the nearest ESOP by assets is Needham Bank Employee Stock Ownership Plan in MA ($62M); by covered participants it is Backlund Investment Co. Employee Stock Ownership Plan and Trust in IL (170 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($62M here).
Similar participant headcount
Nearest other-state filings by covered participants (170 participants); asset peers above are excluded.
- Backlund Investment Co. Employee Stock Ownership Plan and Trust (IL) 170 · 0 off
- Kenny Seng Construction Employee Stock Ownership Plan (UT) 170 · 0 off
- East Coast Drilling and Blasting, Inc. Employee Stock Ownership Plan (NC) 170 · 0 off
- Dvl Group, Inc. Employee Stock Ownership Plan (PA) 169 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.