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TOWER PRODUCTS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameTOWER PRODUCTS, INC. PROFIT SHARING PLAN
Plan identification number 001

TOWER PRODUCTS, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

TOWER PRODUCTS INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:TOWER PRODUCTS INCORPORATED
Employer identification number (EIN):141659003
NAIC Classification:454110
NAIC Description:Electronic Shopping and Mail-Order Houses

Additional information about TOWER PRODUCTS INCORPORATED

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1984-09-12
Company Identification Number: 942730
Legal Registered Office Address: PO BOX 397
1 TOWER DR
SAUGERTIES
United States of America (USA)
12477

More information about TOWER PRODUCTS INCORPORATED

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWER PRODUCTS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARISA TELLER2024-07-29 JAMES A. VELTRIE2024-07-29
0012022-01-01MARISA TELLER2023-07-31 JAMES A. VELTRIE2023-07-31
0012021-01-01MARISA TELLER2022-07-28
0012020-01-01MARISA TELLER2021-08-02 JAMES A. VELTRIE2021-08-02
0012019-01-01
0012018-01-01JAMES A. VELTRIE2019-07-31
0012017-01-01JAMES A. VELTRIE
0012016-07-01JAMES A. VELTRIE
0012015-07-01JAMES A. VELTRIE
0012014-07-01
0012013-07-01JAMES A VELTRIE
0012012-07-01JAMES A VELTRIE
0012011-07-01JAMES A VELTRIE2012-12-24
0012010-07-01JAMES A VELTRIE2012-03-07
0012009-07-01JAMES A VELTRIE
0012009-07-01JAMES A VELTRIE
0012009-07-01JAMES A VELTRIE

Financial Data on TOWER PRODUCTS, INC. PROFIT SHARING PLAN

Measure Date Value
2023 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$1,270
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$5,331
Total income from all sources (including contributions)2023-12-31$2,587,235
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,244,139
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,165,368
Expenses. Certain deemed distributions of participant loans2023-12-31$5,774
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$538,675
Value of total assets at end of year2023-12-31$17,163,928
Value of total assets at beginning of year2023-12-31$15,824,893
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$72,997
Total interest from all sources2023-12-31$74,328
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$264,659
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$264,659
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$533,208
Participant contributions at end of year2023-12-31$269,834
Participant contributions at beginning of year2023-12-31$271,350
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$5,467
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$1,270
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$5,331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,343,096
Value of net assets at end of year (total assets less liabilities)2023-12-31$17,162,658
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$15,819,562
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$13,493,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$12,163,001
Value of interest in pooled separate accounts at end of year2023-12-31$48,241
Value of interest in pooled separate accounts at beginning of year2023-12-31$41,146
Interest on participant loans2023-12-31$16,570
Interest earned on other investments2023-12-31$57,758
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$3,352,053
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$3,349,396
Net investment gain/loss from pooled separate accounts2023-12-31$4,776
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,165,368
Contract administrator fees2023-12-31$72,997
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31LUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Accountancy firm EIN2023-12-31141745230
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$1,270
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$5,331
Total income from all sources (including contributions)2023-01-01$2,587,235
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$1,244,139
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$1,165,368
Expenses. Certain deemed distributions of participant loans2023-01-01$5,774
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$538,675
Value of total assets at end of year2023-01-01$17,163,928
Value of total assets at beginning of year2023-01-01$15,824,893
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$72,997
Total interest from all sources2023-01-01$74,328
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$264,659
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$264,659
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$533,208
Participant contributions at end of year2023-01-01$269,834
Participant contributions at beginning of year2023-01-01$271,350
Participant contributions at end of year2023-01-01$0
Participant contributions at beginning of year2023-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$5,467
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$1,270
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-01-01$5,331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,343,096
Value of net assets at end of year (total assets less liabilities)2023-01-01$17,162,658
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$15,819,562
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$13,493,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$12,163,001
Value of interest in pooled separate accounts at end of year2023-01-01$48,241
Value of interest in pooled separate accounts at beginning of year2023-01-01$41,146
Interest on participant loans2023-01-01$16,570
Interest earned on other investments2023-01-01$57,758
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$3,352,053
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$3,349,396
Net investment gain/loss from pooled separate accounts2023-01-01$4,776
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Employer contributions (assets) at end of year2023-01-01$0
Employer contributions (assets) at beginning of year2023-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$1,165,368
Contract administrator fees2023-01-01$72,997
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01LUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Accountancy firm EIN2023-01-01141745230
2022 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$5,331
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,937,363
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,917,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,826,924
Expenses. Certain deemed distributions of participant loans2022-12-31$5,564
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$558,225
Value of total assets at end of year2022-12-31$15,824,893
Value of total assets at beginning of year2022-12-31$19,674,668
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$85,255
Total interest from all sources2022-12-31$70,085
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$210,668
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$210,668
Administrative expenses professional fees incurred2022-12-31$450
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$491,499
Participant contributions at end of year2022-12-31$271,350
Participant contributions at beginning of year2022-12-31$307,968
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$7,608
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$66,012
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$5,331
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,855,106
Value of net assets at end of year (total assets less liabilities)2022-12-31$15,819,562
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$19,674,668
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$12,163,001
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,116,506
Value of interest in pooled separate accounts at end of year2022-12-31$41,146
Value of interest in pooled separate accounts at beginning of year2022-12-31$61,352
Interest on participant loans2022-12-31$15,204
Interest earned on other investments2022-12-31$54,881
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$12,034,332
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,349,396
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$3,146,791
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,072,870
Net investment gain/loss from pooled separate accounts2022-12-31$-17,618
Net investment gain or loss from common/collective trusts2022-12-31$-685,853
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$714
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$111
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,826,924
Contract administrator fees2022-12-31$84,805
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31LUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Accountancy firm EIN2022-12-31141745230
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$5,331
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-1,937,363
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$1,917,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$1,826,924
Expenses. Certain deemed distributions of participant loans2022-01-01$5,564
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$558,225
Value of total assets at end of year2022-01-01$15,824,893
Value of total assets at beginning of year2022-01-01$19,674,668
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$85,255
Total interest from all sources2022-01-01$70,085
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$210,668
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$210,668
Administrative expenses professional fees incurred2022-01-01$450
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$491,499
Participant contributions at end of year2022-01-01$271,350
Participant contributions at beginning of year2022-01-01$307,968
Participant contributions at end of year2022-01-01$0
Participant contributions at beginning of year2022-01-01$7,608
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$66,012
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-01-01$5,331
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-3,855,106
Value of net assets at end of year (total assets less liabilities)2022-01-01$15,819,562
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$19,674,668
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$12,163,001
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$4,116,506
Value of interest in pooled separate accounts at end of year2022-01-01$41,146
Value of interest in pooled separate accounts at beginning of year2022-01-01$61,352
Interest on participant loans2022-01-01$15,204
Interest earned on other investments2022-01-01$54,881
Value of interest in common/collective trusts at end of year2022-01-01$0
Value of interest in common/collective trusts at beginning of year2022-01-01$12,034,332
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$3,349,396
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$3,146,791
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-2,072,870
Net investment gain/loss from pooled separate accounts2022-01-01$-17,618
Net investment gain or loss from common/collective trusts2022-01-01$-685,853
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$714
Employer contributions (assets) at end of year2022-01-01$0
Employer contributions (assets) at beginning of year2022-01-01$111
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$1,826,924
Contract administrator fees2022-01-01$84,805
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01LUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Accountancy firm EIN2022-01-01141745230
2021 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$0
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$4,002
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,608,188
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,228,469
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,049,815
Expenses. Certain deemed distributions of participant loans2021-12-31$70,617
Value of total corrective distributions2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$448,294
Value of total assets at end of year2021-12-31$19,674,668
Value of total assets at beginning of year2021-12-31$18,298,951
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$108,037
Total interest from all sources2021-12-31$77,626
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$56,511
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$56,511
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$423,110
Participant contributions at end of year2021-12-31$307,968
Participant contributions at beginning of year2021-12-31$407,799
Participant contributions at end of year2021-12-31$7,608
Participant contributions at beginning of year2021-12-31$7,157
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$25,075
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$4,002
Other income not declared elsewhere2021-12-31$0
Administrative expenses (other) incurred2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$1,379,719
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,674,668
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$18,294,949
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,116,506
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,882,379
Value of interest in pooled separate accounts at end of year2021-12-31$61,352
Value of interest in pooled separate accounts at beginning of year2021-12-31$48,064
Interest on participant loans2021-12-31$29,860
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$47,766
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$12,034,332
Value of interest in common/collective trusts at beginning of year2021-12-31$11,002,479
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,146,791
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$2,951,073
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$453,955
Net investment gain/loss from pooled separate accounts2021-12-31$11,615
Net investment gain or loss from common/collective trusts2021-12-31$1,560,187
Net gain/loss from 103.12 investment entities2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$109
Employer contributions (assets) at end of year2021-12-31$111
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,049,815
Contract administrator fees2021-12-31$108,037
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$0
Aggregate carrying amount (costs) on sale of assets2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31LUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Accountancy firm EIN2021-12-31141745230
2020 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$4,002
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$13,372
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,218,250
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,003,399
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$896,842
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$4,034
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$399,962
Value of total assets at end of year2020-12-31$18,298,951
Value of total assets at beginning of year2020-12-31$17,093,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$102,523
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$74,578
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$46,807
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$46,807
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$379,064
Participant contributions at end of year2020-12-31$407,799
Participant contributions at beginning of year2020-12-31$369,444
Participant contributions at end of year2020-12-31$7,157
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$20,898
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$4,002
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$13,372
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$1,214,851
Value of net assets at end of year (total assets less liabilities)2020-12-31$18,294,949
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$17,080,098
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$102,523
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$3,882,379
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,764,340
Value of interest in pooled separate accounts at end of year2020-12-31$48,064
Value of interest in pooled separate accounts at beginning of year2020-12-31$1,125,509
Interest on participant loans2020-12-31$18,339
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$56,239
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$11,002,479
Value of interest in common/collective trusts at beginning of year2020-12-31$10,073,846
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$2,951,073
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,760,331
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$456,239
Net investment gain/loss from pooled separate accounts2020-12-31$-233,805
Net investment gain or loss from common/collective trusts2020-12-31$1,474,469
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$0
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$896,842
Contract administrator fees2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31LUTZ, SELIG & ZERONDA, LLP
Accountancy firm EIN2020-12-31141745230
2019 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$13,372
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$10,010
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$3,036,953
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$504,787
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$385,981
Expenses. Certain deemed distributions of participant loans2019-12-31$2,853
Value of total corrective distributions2019-12-31$11,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$363,621
Value of total assets at end of year2019-12-31$17,093,470
Value of total assets at beginning of year2019-12-31$14,557,942
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$104,611
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$91,218
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$50,280
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$50,280
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$363,621
Participant contributions at end of year2019-12-31$369,444
Participant contributions at beginning of year2019-12-31$284,141
Assets. Other investments not covered elsewhere at end of year2019-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$13,372
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$10,010
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$104,611
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$2,532,166
Value of net assets at end of year (total assets less liabilities)2019-12-31$17,080,098
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,547,932
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,764,340
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,190,778
Value of interest in pooled separate accounts at end of year2019-12-31$1,125,509
Value of interest in pooled separate accounts at beginning of year2019-12-31$1,078,057
Interest on participant loans2019-12-31$21,922
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$69,296
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$10,073,846
Value of interest in common/collective trusts at beginning of year2019-12-31$8,268,928
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,760,331
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$2,736,038
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$460,785
Net investment gain/loss from pooled separate accounts2019-12-31$277,563
Net investment gain or loss from common/collective trusts2019-12-31$1,793,486
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$385,981
Contract administrator fees2019-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31LUTZ, SELIG & ZERONDA, LLP
Accountancy firm EIN2019-12-31141745230
2018 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$0
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$10,010
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$2,444
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$193,473
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$347,314
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$293,927
Expenses. Certain deemed distributions of participant loans2018-12-31$7,037
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$404,049
Value of total assets at end of year2018-12-31$14,557,942
Value of total assets at beginning of year2018-12-31$14,704,217
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$46,350
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$16,262
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$25,855
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$25,855
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$308,775
Participant contributions at end of year2018-12-31$284,141
Participant contributions at beginning of year2018-12-31$264,547
Assets. Other investments not covered elsewhere at end of year2018-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$4,309,986
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$95,274
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$10,010
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$2,444
Other income not declared elsewhere2018-12-31$111,369
Administrative expenses (other) incurred2018-12-31$46,350
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-153,841
Value of net assets at end of year (total assets less liabilities)2018-12-31$14,547,932
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$14,701,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,190,778
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$0
Value of interest in pooled separate accounts at end of year2018-12-31$1,078,057
Value of interest in pooled separate accounts at beginning of year2018-12-31$10,129,684
Interest on participant loans2018-12-31$16,262
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$8,268,928
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$2,736,038
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-123,613
Net investment gain/loss from pooled separate accounts2018-12-31$125,555
Net investment gain or loss from common/collective trusts2018-12-31$-366,004
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$0
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$293,927
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31LUTZ, SELIG & ZERONDA, LLP
Accountancy firm EIN2018-12-31141745230
2017 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$2,444
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$25,899
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,244,053
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$711,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$667,413
Expenses. Certain deemed distributions of participant loans2017-12-31$28,854
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$358,435
Value of total assets at end of year2017-12-31$14,704,217
Value of total assets at beginning of year2017-12-31$13,194,866
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$14,980
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$137,901
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$14,510
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$344,723
Participant contributions at end of year2017-12-31$264,547
Participant contributions at beginning of year2017-12-31$313,484
Assets. Other investments not covered elsewhere at end of year2017-12-31$4,309,986
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$4,123,061
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$13,712
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$2,444
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$25,899
Other income not declared elsewhere2017-12-31$0
Administrative expenses (other) incurred2017-12-31$470
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$1,532,806
Value of net assets at end of year (total assets less liabilities)2017-12-31$14,701,773
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$13,168,967
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$0
Value of interest in pooled separate accounts at end of year2017-12-31$10,129,684
Value of interest in pooled separate accounts at beginning of year2017-12-31$8,758,321
Interest on participant loans2017-12-31$13,091
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$0
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$124,810
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$0
Net investment gain/loss from pooled separate accounts2017-12-31$1,747,717
Net investment gain or loss from common/collective trusts2017-12-31$0
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$0
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$667,413
Contract administrator fees2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31LUTZ, SELIG & ZERONDA, LLP
Accountancy firm EIN2017-12-31141745230
2016 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$25,899
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$25,899
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$717,931
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,561,986
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,523,500
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$258,693
Value of total assets at end of year2016-12-31$13,197,224
Value of total assets at beginning of year2016-12-31$14,041,279
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$38,486
Total interest from all sources2016-12-31$74,557
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$195,790
Participant contributions at end of year2016-12-31$315,842
Participant contributions at beginning of year2016-12-31$322,179
Assets. Other investments not covered elsewhere at end of year2016-12-31$4,123,061
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$5,210,336
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$145
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$25,899
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$25,899
Other income not declared elsewhere2016-12-31$1,256
Administrative expenses (other) incurred2016-12-31$35,106
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$-844,055
Value of net assets at end of year (total assets less liabilities)2016-12-31$13,171,325
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$14,015,380
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$0
Value of interest in pooled separate accounts at end of year2016-12-31$8,758,321
Value of interest in pooled separate accounts at beginning of year2016-12-31$8,432,815
Interest on participant loans2016-12-31$7,769
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$66,788
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Net investment gain/loss from pooled separate accounts2016-12-31$383,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$62,758
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$75,949
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,523,500
Contract administrator fees2016-12-31$3,380
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Total unrealized appreciation/depreciation of assets2016-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-06-30$25,899
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-06-30$0
Total income from all sources (including contributions)2016-06-30$882,999
Total loss/gain on sale of assets2016-06-30$0
Total of all expenses incurred2016-06-30$336,512
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-06-30$317,064
Expenses. Certain deemed distributions of participant loans2016-06-30$13,142
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-06-30$819,246
Value of total assets at end of year2016-06-30$14,041,279
Value of total assets at beginning of year2016-06-30$13,468,893
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-06-30$6,306
Total interest from all sources2016-06-30$164,150
Total dividends received (eg from common stock, registered investment company shares)2016-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-06-30No
Was this plan covered by a fidelity bond2016-06-30Yes
Value of fidelity bond cover2016-06-30$500,000
If this is an individual account plan, was there a blackout period2016-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-06-30$0
Were there any nonexempt tranactions with any party-in-interest2016-06-30No
Contributions received from participants2016-06-30$383,022
Participant contributions at end of year2016-06-30$322,179
Participant contributions at beginning of year2016-06-30$326,386
Assets. Other investments not covered elsewhere at end of year2016-06-30$5,210,336
Assets. Other investments not covered elsewhere at beginning of year2016-06-30$3,984,497
Income. Received or receivable in cash from other sources (including rollovers)2016-06-30$26,039
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-06-30$25,899
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-06-30$0
Other income not declared elsewhere2016-06-30$0
Administrative expenses (other) incurred2016-06-30$3,616
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-06-30No
Income. Non cash contributions2016-06-30$0
Value of net income/loss2016-06-30$546,487
Value of net assets at end of year (total assets less liabilities)2016-06-30$14,015,380
Value of net assets at beginning of year (total assets less liabilities)2016-06-30$13,468,893
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2016-06-30No
Were any leases to which the plan was party in default or uncollectible2016-06-30No
Value of interest in pooled separate accounts at end of year2016-06-30$8,432,815
Value of interest in pooled separate accounts at beginning of year2016-06-30$9,082,078
Interest on participant loans2016-06-30$15,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-06-30$148,690
Net investment gain/loss from pooled separate accounts2016-06-30$-100,397
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-06-30No
Was there a failure to transmit to the plan any participant contributions2016-06-30No
Has the plan failed to provide any benefit when due under the plan2016-06-30No
Contributions received in cash from employer2016-06-30$410,185
Employer contributions (assets) at end of year2016-06-30$75,949
Employer contributions (assets) at beginning of year2016-06-30$75,932
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-06-30$317,064
Contract administrator fees2016-06-30$2,690
Did the plan have assets held for investment2016-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-06-30Yes
Opinion of an independent qualified public accountant for this plan2016-06-30Disclaimer
Accountancy firm name2016-06-30LCS&Z LLP
Accountancy firm EIN2016-06-30141745230
2015 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-06-30$1,025
Total income from all sources (including contributions)2015-06-30$1,394,417
Total loss/gain on sale of assets2015-06-30$0
Total of all expenses incurred2015-06-30$674,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-06-30$665,437
Expenses. Certain deemed distributions of participant loans2015-06-30$3,755
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-06-30$784,364
Value of total assets at end of year2015-06-30$13,468,893
Value of total assets at beginning of year2015-06-30$12,750,389
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-06-30$5,696
Total interest from all sources2015-06-30$129,505
Total dividends received (eg from common stock, registered investment company shares)2015-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-06-30No
Was this plan covered by a fidelity bond2015-06-30Yes
Value of fidelity bond cover2015-06-30$500,000
If this is an individual account plan, was there a blackout period2015-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-06-30$0
Were there any nonexempt tranactions with any party-in-interest2015-06-30No
Contributions received from participants2015-06-30$384,435
Participant contributions at end of year2015-06-30$326,386
Participant contributions at beginning of year2015-06-30$357,249
Assets. Other investments not covered elsewhere at end of year2015-06-30$3,984,497
Assets. Other investments not covered elsewhere at beginning of year2015-06-30$3,701,005
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-06-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-06-30$1,025
Administrative expenses (other) incurred2015-06-30$3,140
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-06-30No
Value of net income/loss2015-06-30$719,529
Value of net assets at end of year (total assets less liabilities)2015-06-30$13,468,893
Value of net assets at beginning of year (total assets less liabilities)2015-06-30$12,749,364
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2015-06-30No
Were any leases to which the plan was party in default or uncollectible2015-06-30No
Value of interest in pooled separate accounts at end of year2015-06-30$9,082,078
Value of interest in pooled separate accounts at beginning of year2015-06-30$8,589,412
Interest on participant loans2015-06-30$15,580
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-06-30$113,925
Net investment gain/loss from pooled separate accounts2015-06-30$480,548
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-06-30No
Was there a failure to transmit to the plan any participant contributions2015-06-30No
Has the plan failed to provide any benefit when due under the plan2015-06-30No
Contributions received in cash from employer2015-06-30$399,929
Employer contributions (assets) at end of year2015-06-30$75,932
Employer contributions (assets) at beginning of year2015-06-30$102,723
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-06-30$665,437
Contract administrator fees2015-06-30$2,556
Did the plan have assets held for investment2015-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-06-30Yes
Opinion of an independent qualified public accountant for this plan2015-06-30Disclaimer
Accountancy firm name2015-06-30LCS&Z LLP
Accountancy firm EIN2015-06-30141745230
2014 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-06-30$1,025
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-06-30$3,858
Total income from all sources (including contributions)2014-06-30$2,106,981
Total loss/gain on sale of assets2014-06-30$0
Total of all expenses incurred2014-06-30$270,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-06-30$260,086
Expenses. Certain deemed distributions of participant loans2014-06-30$2,408
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-06-30$750,506
Value of total assets at end of year2014-06-30$12,750,389
Value of total assets at beginning of year2014-06-30$10,916,932
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-06-30$8,197
Total interest from all sources2014-06-30$18,855
Total dividends received (eg from common stock, registered investment company shares)2014-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-06-30No
Was this plan covered by a fidelity bond2014-06-30Yes
Value of fidelity bond cover2014-06-30$500,000
If this is an individual account plan, was there a blackout period2014-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-06-30$0
Were there any nonexempt tranactions with any party-in-interest2014-06-30No
Contributions received from participants2014-06-30$354,934
Participant contributions at end of year2014-06-30$357,249
Participant contributions at beginning of year2014-06-30$309,903
Assets. Other investments not covered elsewhere at end of year2014-06-30$3,701,005
Assets. Other investments not covered elsewhere at beginning of year2014-06-30$3,464,072
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-06-30$1,025
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-06-30$3,858
Other income not declared elsewhere2014-06-30$105,489
Administrative expenses (other) incurred2014-06-30$3,854
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-06-30No
Value of net income/loss2014-06-30$1,836,290
Value of net assets at end of year (total assets less liabilities)2014-06-30$12,749,364
Value of net assets at beginning of year (total assets less liabilities)2014-06-30$10,913,074
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2014-06-30No
Were any leases to which the plan was party in default or uncollectible2014-06-30No
Value of interest in pooled separate accounts at end of year2014-06-30$8,589,412
Value of interest in pooled separate accounts at beginning of year2014-06-30$7,079,565
Interest on participant loans2014-06-30$18,855
Net investment gain/loss from pooled separate accounts2014-06-30$1,232,131
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-06-30No
Was there a failure to transmit to the plan any participant contributions2014-06-30No
Has the plan failed to provide any benefit when due under the plan2014-06-30No
Contributions received in cash from employer2014-06-30$395,572
Employer contributions (assets) at end of year2014-06-30$102,723
Employer contributions (assets) at beginning of year2014-06-30$63,392
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-06-30$260,086
Contract administrator fees2014-06-30$4,343
Did the plan have assets held for investment2014-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-06-30Yes
Opinion of an independent qualified public accountant for this plan2014-06-30Disclaimer
Accountancy firm name2014-06-30LCS&Z LLP
Accountancy firm EIN2014-06-30141745230
2013 : TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$3,858
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$0
Total income from all sources (including contributions)2013-06-30$1,630,795
Total loss/gain on sale of assets2013-06-30$0
Total of all expenses incurred2013-06-30$214,494
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-06-30$202,051
Expenses. Certain deemed distributions of participant loans2013-06-30$2,499
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-06-30$692,805
Value of total assets at end of year2013-06-30$10,916,932
Value of total assets at beginning of year2013-06-30$9,496,773
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-06-30$9,944
Total interest from all sources2013-06-30$15,117
Total dividends received (eg from common stock, registered investment company shares)2013-06-30$0
Was this plan covered by a fidelity bond2013-06-30Yes
Value of fidelity bond cover2013-06-30$500,000
If this is an individual account plan, was there a blackout period2013-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-06-30$0
Were there any nonexempt tranactions with any party-in-interest2013-06-30No
Contributions received from participants2013-06-30$347,338
Participant contributions at end of year2013-06-30$309,903
Participant contributions at beginning of year2013-06-30$269,517
Assets. Other investments not covered elsewhere at end of year2013-06-30$3,464,072
Assets. Other investments not covered elsewhere at beginning of year2013-06-30$3,031,496
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-06-30$3,858
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-06-30$0
Other income not declared elsewhere2013-06-30$94,665
Administrative expenses (other) incurred2013-06-30$3,545
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Value of net income/loss2013-06-30$1,416,301
Value of net assets at end of year (total assets less liabilities)2013-06-30$10,913,074
Value of net assets at beginning of year (total assets less liabilities)2013-06-30$9,496,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-06-30No
Were any leases to which the plan was party in default or uncollectible2013-06-30No
Value of interest in pooled separate accounts at end of year2013-06-30$7,079,565
Value of interest in pooled separate accounts at beginning of year2013-06-30$6,076,012
Interest on participant loans2013-06-30$15,117
Net investment gain/loss from pooled separate accounts2013-06-30$828,208
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-06-30No
Was there a failure to transmit to the plan any participant contributions2013-06-30No
Has the plan failed to provide any benefit when due under the plan2013-06-30No
Contributions received in cash from employer2013-06-30$345,467
Employer contributions (assets) at end of year2013-06-30$63,392
Employer contributions (assets) at beginning of year2013-06-30$119,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-06-30$202,051
Contract administrator fees2013-06-30$6,399
Did the plan have assets held for investment2013-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-06-30Yes
Opinion of an independent qualified public accountant for this plan2013-06-30Disclaimer
Accountancy firm name2013-06-30LCS&Z LLP
Accountancy firm EIN2013-06-30141745230

Form 5500 Responses for TOWER PRODUCTS, INC. PROFIT SHARING PLAN

2023: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-07-01Type of plan entitySingle employer plan
2016-07-01Submission has been amendedNo
2016-07-01This submission is the final filingNo
2016-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-07-01Plan is a collectively bargained planNo
2016-07-01Plan funding arrangement – InsuranceYes
2016-07-01Plan funding arrangement – TrustYes
2016-07-01Plan benefit arrangement – InsuranceYes
2016-07-01Plan benefit arrangement - TrustYes
2015: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-07-01Type of plan entitySingle employer plan
2015-07-01Submission has been amendedNo
2015-07-01This submission is the final filingNo
2015-07-01This return/report is a short plan year return/report (less than 12 months)No
2015-07-01Plan is a collectively bargained planNo
2015-07-01Plan funding arrangement – InsuranceYes
2015-07-01Plan funding arrangement – TrustYes
2015-07-01Plan benefit arrangement – InsuranceYes
2015-07-01Plan benefit arrangement - TrustYes
2014: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedNo
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)No
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – InsuranceYes
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement – InsuranceYes
2014-07-01Plan benefit arrangement - TrustYes
2013: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-07-01Type of plan entitySingle employer plan
2013-07-01Submission has been amendedNo
2013-07-01This submission is the final filingNo
2013-07-01This return/report is a short plan year return/report (less than 12 months)No
2013-07-01Plan is a collectively bargained planNo
2013-07-01Plan funding arrangement – InsuranceYes
2013-07-01Plan funding arrangement – TrustYes
2013-07-01Plan benefit arrangement – InsuranceYes
2013-07-01Plan benefit arrangement - TrustYes
2012: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01Submission has been amendedNo
2012-07-01This submission is the final filingNo
2012-07-01This return/report is a short plan year return/report (less than 12 months)No
2012-07-01Plan is a collectively bargained planNo
2012-07-01Plan funding arrangement – InsuranceYes
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement – InsuranceYes
2012-07-01Plan benefit arrangement - TrustYes
2009: TOWER PRODUCTS, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedYes
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
Insurance contract or identification number613953
Number of Individuals Covered227
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $6,723
Total amount of fees paid to insurance companyUSD $1,681
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 1
Insurance contract or identification number721689
Number of Individuals Covered227
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $105
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
Insurance contract or identification number613953
Number of Individuals Covered217
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $6,987
Total amount of fees paid to insurance companyUSD $1,747
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 1
Insurance contract or identification number721689
Number of Individuals Covered217
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $105
Total amount of fees paid to insurance companyUSD $26
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number721689
Policy instance 4
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 3
AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract numberE64 6351
Policy instance 2
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number606814
Policy instance 1

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