Plan Snapshot
- Plan Sponsor: Tower Community Bank
- Sponsor EIN: 620806182
- Sponsor Address: 4564 MAIN STREET, JASPER, TN, 37347
- Plan Type: 401(k)
- Total Participants: 55
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 55 | $6.7M | $149,338 | $265,346 |
| 2023 | 60 | $5.7M | $149,109 | $265,914 |
| 2022 | 51 | $5.1M | $144,039 | $242,058 |