Plan Snapshot
- Plan Sponsor: Tower Health
- Sponsor EIN: 232201344
- Sponsor Address: SIXTH AVE AND SPRUCE ST., WEST READING, PA, 19611
- Plan Type: 403(b)
- Total Participants: 11,127
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 11,127 | $1.1B | $31.5M | $83.9M |
| 2023 | 11,698 | $966.7M | $30.3M | $80.0M |
| 2022 | 11,344 | $787.6M | $32.5M | $79.2M |
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 |
|---|---|---|---|---|
| ALAN ROSS & COMPANY, PC | Auditor | — | — | $0 |
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 | $1,140,404 | $29,098 | $1,111,306 | — | — |
| 2023 | $1,146,334 | $25,727 | — | — | — |
| 2022 | $1,132,384 | $32,698 | $1,099,686 | — | — |