# Tower Laboratories Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/tower-laboratories-ltd-401k-plan

> Tower Laboratories Ltd.&#39;s 401(k) plan: 268 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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