Defined Benefit (Pension) · DOL Form 5500 · 2024
Tower Automotive Operations USA I, LLC Pension Plan
Data updated 2026-08-11
- $109M
- Total assets
- 308
- Participants
- 91st
- Percentile by assets
- $353,238
- Avg per participant
Official DOL plan name: Tower International Pension Plan · Sponsored by Tower Automotive Operations USA I, LLC · Michigan · Manufacturing
$109M in assets, 308 participants
Tower Automotive Operations USA I, LLC's Tower International Pension Plan reported $109M in total assets and 308 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.
- 91st percentile by assets (of 123,622 plans)
- #15,414 in Manufacturing (17,777 peers)
Coverage in Michigan
Tower International Pension Plan covers 308 participants in Michigan, about 48% of the average Michigan filer (state average ~638 per filing). Assets: $109M.
- $109M
- total plan assets (2024 EOY)
- 308
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $353,238
- avg assets per participant
The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tower International Pension Plan reported net income fell from -$4M in the plan year 2023 filing to -$12M in the plan year 2024 filing.
- Tower International Pension Plan reported participants fell from 345 in the plan year 2023 filing to 308 in the plan year 2024 filing.
- Tower International Pension Plan end-of-year assets fell from $120M in the plan year 2023 filing to $109M in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Tower International Pension Plan reports 308 participants - about 48% of that state average ($109M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $120M |
|---|---|
| Net Assets (End of Year) | $109M |
| Net Income | -$12M |
| Employer EIN | 260440499 |
| Plan Effective Date | 1997-04-18 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Automotive Operations USA I, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 378 | $124M |
| 2023 | 1 | 345 | $120M |
| 2024 | 1 | 308 | $109M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Tower International Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Tower International Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Tower International Pension Plan assets move in 2024? ▼
How have Tower Automotive Operations USA I, LLC plan assets changed over time? ▼
Where does Tower International Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Tower International Pension Plan? ▼
Next read for Tower International Pension Plan
Filing takeaways
Ways to act on Tower International Pension Plan's numbers.
- By total assets, Tower International Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- Tower Automotive Operations USA I, LLC's sponsor-wide assets have declined 12.4% since 2022 across 3 plan years on file. More Manufacturing plans