# Tower Semiconductor Newport Beach, INC. DB Plan
Source: https://planprovider.pro/companies/tower-semiconductor-newport-beach-inc-plan

> Tower Semiconductor Newport Beach, INC.'s DB plan: 92 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/dbbmckennon) — 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|

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