Plan Snapshot
- Plan Sponsor: Tower Energy Group
- Sponsor EIN: 330442456
- Sponsor Address: 1983 WEST 190TH STREET, SUITE 100, TORRANCE, CA, 905046240
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $15.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 131 | $15.8M | $371,495 | $453,517 |
| 2023 | 95 | $13.3M | $280,690 | $357,572 |
| 2022 | 84 | $10.8M | $233,315 | $313,178 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $38,258 | — | $38,258 | — | — |
| 2023 | $30,778 | — | $30,778 | — | — |
| 2022 | $30,380 | — | $30,380 | — | — |