Tower Engineering Professionals, Inc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2013. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Tower Engineering Professionals, Inc 401(k) Plan Facts (plan year 2013)

Plan name
TOWER ENGINEERING PROFESSIONALS, INC 401(K)
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
TOWER ENGINEERING PROFESSIONALS, INC
Participants
193 (234 active employees)
Former employees with a balance
12
Plan assets
$986,108 at Dec 31, 2013
Average account balance
$6,321 across 156 accounts
Employer contributions
$242,327 in plan year 2013 (26% of all contributions)
Plan year
Feb 5, 2013 – Dec 31, 2013
Plan established
Feb 5, 2013
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2013 (Feb 5, 2013 – Dec 31, 2013), filed Oct 13, 2014. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2013

  • $917,042 went into the plan in contributions, $242,327 of it from the employer (26%).
  • $8,261 was paid out to participants.
  • Investment and other income added $82,629.
  • Administrative expenses were $5,302, about $34 per account.

Tower Engineering Professionals, Inc 401(k) Contact Information

Phone
919-661-6351
Mailing address
326 TRYON RD., RALEIGH NC 27603
Plan sponsor
TOWER ENGINEERING PROFESSIONALS, INC
Employer identification number (EIN)
56-2102042
Plan number
002

Questions about the Tower Engineering Professionals, Inc 401(k)

Is the Tower Engineering Professionals, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2013, and no later filing was found under this employer's EIN.

Does Tower Engineering Professionals, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2013 the employer contributed $242,327, 26% of all contributions.

Does the Tower Engineering Professionals, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Tower Engineering Professionals, Inc 401(k) plan?

193 participants at the start of plan year 2013, 234 of them active employees, and 12 former employees who still had money in the plan.

What is the average 401(k) balance at Tower Engineering Professionals, Inc?

About $6,321 per account: $986,108 in plan assets across 156 accounts with a balance at the end of plan year 2013.

Who manages the Tower Engineering Professionals, Inc 401(k) accounts?

Truist Retirement is the plan's recordkeeper, which is where participants log in to see their balance.

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