Plan Snapshot
- Plan Sponsor: Tower Industries, INC.
- Sponsor EIN: 420774895
- Sponsor Address: 3568 SAGUNTO RD, STE P, SANTA YNEZ, CA, 93460
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 202
- Total Assets: $20.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 202 | $20.9M | $0 | $0 |
| 2024 | 160 | $18.0M | $412,850 | $992,100 |
| 2023 | 154 | $16.1M | $351,787 | $941,372 |
| 2022 | 137 | $13.1M | $346,779 | $818,318 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | Investment Advisor | $37,638 | — | $37,638 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,638
- Estimated Expense Ratio: 0.180% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $1,440,289 | $37,638 | — | — | — |
| 2024 | $145,921 | $145,921 | — | — | — |
| 2023 | $114,006 | $51,533 | — | — | — |
| 2022 | $117,587 | — | $117,587 | — | — |