Plan Snapshot
- Plan Sponsor: Tower Semiconductor Newport Beach, INC.
- Sponsor EIN: 753005127
- Sponsor Address: 4321 JAMBOREE ROAD, NEWPORT BEACH, CA, 92660
- Plan Type: DB
- Total Participants: 92
- Total Assets: $18.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 92 | $18.9M | $0 | $0 |
| 2023 | 103 | $20.0M | $0 | $0 |
| 2022 | 114 | $19.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| DBB MCKENNON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DBB MCKENNON — 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 | $272,674 | $75,000 | $93,564 | — | — |
| 2023 | $223,462 | $37,500 | — | — | — |
| 2022 | $242,937 | $86,721 | $9,389 | — | $146,827 |