Plan Snapshot
- Plan Sponsor: Tower Laboratories Ltd.
- Sponsor EIN: 061009478
- Sponsor Address: PO BOX 306, CENTERBROOK, CT, 06409
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $22.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 268 | $22.3M | $326,760 | $1.0M |
| 2023 | 265 | $19.7M | $293,288 | $968,922 |
| 2022 | 282 | $16.9M | $272,110 | $952,449 |
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 |
|---|---|---|---|---|
| SANSIVERI, KIMBALL & CO., L.L.P. | 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 | $6,197 | $3,800 | — | — | — |
| 2023 | $7,568 | $5,800 | — | — | — |
| 2022 | $2,382 | — | — | — | — |