# Tower Community Bank 401(k) Plan
Source: https://planprovider.pro/companies/tower-community-bank-401k-plan

> Tower Community Bank's 401(k) plan: 55 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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