Defined Benefit (Pension) · DOL Form 5500 · 2024
Tower Federal Credit Union Pension Plan
Data updated 2026-08-11
- $108M
- Total assets
- 387
- Participants
- 91st
- Percentile by assets
- $279,175
- Avg per participant
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.
- 91st percentile by assets (of 123,622 plans)
- #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.
- $108M
- total plan assets (2024 EOY)
- 387
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $279,175
- avg assets per participant
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.
Participants vs Maryland filers
In Maryland, the average filing covers about 929 participants across 2,484 plans. Tower Federal Credit Union Retirement Plan reports 387 participants - about 42% of that state average ($108M EOY assets).
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)
| 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.
Tower Federal Credit Union Retirement Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Tower Federal Credit Union Retirement Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Tower Federal Credit Union Retirement Plan's numbers.
- By total assets, Tower Federal Credit Union Retirement 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 Maryland. Compare plans
- Tower Federal Credit Union's sponsor-wide assets have grown 31.4% since 2022 across 3 plan years on file. More Finance & Insurance plans