Defined Benefit (Pension) · DOL Form 5500 · 2024
Tower Federal Credit Union Pension Plan
Data updated 2026-08-25
- $108M
- Total assets Near avg plan size
- 387
- Participants Below avg headcount
- 91st
- Percentile by assets National rank
- $279,175
- Avg per participant High balance/head
Official DOL plan name: Tower Federal Credit Union Retirement Plan · Sponsored by Tower Federal Credit Union · Maryland · Finance & Insurance
$108M in assets, 387 participants
Tower Federal Credit Union's Tower Federal Credit Union Retirement Plan reported $108M in total assets and 387 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.
- #7,343 in Finance & Insurance (8,549 peers)
Coverage in Maryland
Tower Federal Credit Union Retirement Plan covers 387 participants in Maryland, about 42% of the average Maryland filer (state average ~929 per filing). Assets: $108M.
- #7,343
- in Finance & Insurance (8,549 peers)
- +7.6%
- assets growth YoY
- 1.1×
- vs typical plan assets (national mean)
Tower Federal Credit Union Retirement Plan's outsized position by total assets
Tower Federal Credit Union Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$108,040,564 Top 9% higher than 91% 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 Federal Credit Union Retirement 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 Retirement Plan sits mid-pack in the medium band (387 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tower Federal Credit Union Retirement Plan reported net income fell from $11M in the plan year 2023 filing to $8M in the plan year 2024 filing.
- Tower Federal Credit Union Retirement Plan reported participants fell from 420 in the plan year 2023 filing to 387 in the plan year 2024 filing.
- Tower Federal Credit Union Retirement Plan end-of-year assets rose from $100M in the plan year 2023 filing to $108M in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 530214895 · Tower Federal Credit Union PY 2024 · Defined Benefit (Pension)
Tower Federal Credit Union Retirement Plan · $108M · 387 · 91st
- 5500 $108M
- ASSETS 387
- PCT 91st
- EIN Defined Benefit (Pension)
- RANK near Leggett & Platt, Incorporated Retirement Plan
- PHOTO ind #7343
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 Retirement Plan in the asset neighbourhood
Maryland filing particulars
| Total Assets (Beginning of Year) | $100M |
|---|---|
| Net Assets (End of Year) | $108M |
| Net Income | $8M |
| Employer EIN | 530214895 |
| Plan Effective Date | 1964-07-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 988 | $152M |
| 2023 | 2 | 976 | $178M |
| 2024 | 2 | 983 | $200M |
Nearby Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- National Electrical Benefit Fund $20.4B · 332,362
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.3B · 18,014
- Bakery & Confectionery Union & Industry International Pension Fund $6.6B · 14,954
- National Automatic Sprinkler Industry Pension Fund $4.8B · 15,964
- Major League Baseball Players Pension Plan $4.8B · 1,091
Tower Federal Credit Union Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Maryland, the nearest Defined Benefit (Pension) by assets is Leggett & Platt, Incorporated Retirement Plan in MO ($108M); by covered participants it is Boca Raton Regional Hospital Employees Pension Plan in FL (388 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($108M here).
Similar participant headcount
Nearest other-state filings by covered participants (387 participants); asset peers above are excluded.
- Boca Raton Regional Hospital Employees Pension Plan (FL) 388 · 1 off
- Dex Pension Plan (TX) 388 · 1 off
- Teamsters Local 11 Pension Fund (NJ) 388 · 1 off
- Crayola LLC Employee's Retirement Plan (PA) 388 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.