Plan Ledger DOL Form 5500 · updated monthly

Tower Industries, Inc.401(k)

TOWER INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · SANTA YNEZ, CA · plan year 2025

Reported admin expense ratio · 2025
0.20%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Tower Industries, Inc. reported $38,917 in plan administrative expenses for 2025: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,594 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.80% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,519th-largest of 9,483 plans among California employers on file, and the 5,754th of 13,661 in manufacturing. In 2025, employees put in $2.42 for every $1.00 the employer contributed; active participation has grown from 137 to 164 since 2022.

Plan summary
Net assets, end of year$20,941,198
Participants with balances196
Active participants164
Employer contributions$425,357
Employee contributions$1,028,733
Employer contribution per active participant$2,594
Average account balance$106,843
Benefits paid to participants$1,401,372
Plan auditUnmodified (clean) audit opinion
AuditorDAVID L BUCK CPA
Plan history4
Yearassets · accounts · employer contribution
2025$20.9M · 196 accts · $425K emplr
2024$18.0M · 201 accts · $413K emplr
2023$16.1M · 200 accts · $352K emplr
2022$13.1M · 188 accts · $347K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,279
Investment management$37,638
Total administrative$38,917
The Tower Industries, Inc. 401(k) match · 2025
Employer contribution per active participant$2,594
Median for plans this size$2,666
2025$2,594 per active participant
2024$2,580 per active participant
2023$2,284 per active participant
2022$2,531 per active participant

Tower Industries, Inc.'s 2025 employer contribution ran below the $2,666 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$37,638
JPMORGAN INVEST HOLDINGS LLC$1,279

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$38,917 · 0.20%
2024$145,921 · 0.85%
2023$114,006 · 0.78%
2022$117,587 · 0.80%
Same employer
Similar plansManufacturing · California
Harris Ranch Beef Company CA$21.2M · 0.18%
Eugenus, Inc. CA$21.2M · 0.18%
Faraday and Future CA$21.2M · 0.33%
Quinstar Technology, Inc. CA$21.0M · 0.01%
Asc Process System, Inc. CA$20.8M · 0.02%
Lyten, Inc. CA$20.8M · 0.07%
Kval, Inc. CA$20.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420774895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.