Defined Benefit (Pension) · DOL Form 5500 · 2023

Tower Automotive Operations USA I, LLC Pension Plan

Data updated 2026-08-25

$120M
Total assets Near avg plan size
345
Participants Below avg headcount
92nd
Percentile by assets National rank
$349,227
Avg per participant High balance/head
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Official DOL plan name: Tower International Pension Plan · Sponsored by Tower Automotive Operations USA I, LLC · Michigan · Manufacturing

$120M in assets, 345 participants

Tower Automotive Operations USA I, LLC's Tower International Pension Plan reported $120M in total assets and 345 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #16,555 in Manufacturing (18,722 peers)

Where Tower International Pension Plan sits by assets

Tower International Pension Plan sits in the top 10% of all filed plans by assets, $120M for 345 participants (~$349,227/participant), down 3.0% in 2023.

#16,555
in Manufacturing (18,722 peers)
-3.0%
assets change YoY
1.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Tower International Pension Plan's outsized position by total assets

Tower International Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$120,483,320 Top 8% higher than 92% of 127,068 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 2023

Tower International Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower International Pension Plan sits mid-pack in the medium band (345 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Tower International Pension Plan reported net income rose from -$48M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
  • Tower International Pension Plan reported participants fell from 378 in the plan year 2022 filing to 345 in the plan year 2023 filing.
  • Tower International Pension Plan end-of-year assets fell from $124M in the plan year 2022 filing to $120M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 260440499 · Tower Automotive Operations USA I, LLC PY 2023 · Defined Benefit (Pension)

Tower International Pension Plan · $120M · 345 · 92nd

  • PCT $120M
  • PCT 345
  • PCT 92nd
  • PCT Defined Benefit (Pension)
  • PCT near IBEW Local 531 & NECA Pension Plan
  • PCT ind #16555

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 Manufacturing retirement plans → · Plans in Michigan →

Tower International Pension Plan in the asset neighbourhood

Local 807 Labor Management Pension FundLocal 807 Labor Management P…$121MTeamsters Local Union No. 115 Pension PlanTeamsters Local Union No. 11…$121MTower International Pension PlanTower International Pension …$120MIBEW Local 531 & NECA Pension PlanIBEW Local 531 & NECA Pensio…$120MWashington Permanente Medical Group Cash Balance Pension PlanWashington Permanente Medica…$120M
End-of-year total assets ($M) among Tower International Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$124M
Net Assets (End of Year)$120M
Net Income-$4M
Employer EIN260440499
Plan Effective Date1997-04-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Tower Automotive Operations USA I, LLC)

Sponsor-wide plan assets over time

All Tower Automotive Operations USA I, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$109M 12.377417516896852% vs 2022
2024 filing year
$105M$110M$115M$120M$125M$130M 202220232024 $124M $109M ▼ -12.4%
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 Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Tower International Pension Plan, Total assets ($B): 0.12048332 · Participants: 345Tower International Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pension Agreement
Tower International Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Tower International Pension Plan side-by-side with 3 peers →

Tower International Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is IBEW Local 531 & NECA Pension Plan in IN ($120M); by covered participants it is Revised Retirement Plan for Eligible Employees of the New York Stock Exchange & Subsidiary Companies in GA (345 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Tower International Pension Plan assets move in 2023? ▼
Tower International Pension Plan edged down modestly - down 3.0% during 2023, from $124M to $120M. Reported net income was -$4M.
How have Tower Automotive Operations USA I, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tower Automotive Operations USA I, LLC's sponsor-wide assets declined 12.4%, from $124M to $109M.
Where does Tower International Pension Plan rank by assets among Form 5500 filers? ▼
Tower International Pension Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Tower International Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local 531 & NECA Pension Plan in IN ($120M, 424 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Tower International Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Revised Retirement Plan for Eligible Employees of the New York Stock Exchange & Subsidiary Companies in GA (345 participants, $765M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 260440499.

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.