Tower Federal Credit Union And Subsidiaries 401(k) Plan: Login, Facts & Contact Information

Tower Federal Credit Union And Subsidiaries 401(k) Plan Facts

Plan name
TOWER FEDERAL CREDIT UNION SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
TOWER FEDERAL CREDIT UNION
Participants
808 (619 active employees)
Former employees with a balance
205
Plan assets
$91,748,802 at Dec 31, 2024
Average account balance
$111,617 across 822 accounts
Employer contributions
$1,762,694 in plan year 2024 (24% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 12, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.41 million went into the plan in contributions, $1.76 million of it from the employer (24%).
  • $5.55 million was paid out to participants.
  • Investment and other income added $12.0 million.
  • Administrative expenses were $119,548, about $145 per account.

How the Tower Federal Credit Union And Subsidiaries 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019726$51.6 million$894,048$4.33 million
2020760$64.4 million$1.06 million$2.37 million
2021781$74.1 million$1.08 million$4.40 million
2022770$62.2 million$1.17 million$4.00 million
2023775$78.0 million$1.46 million$3.22 million
2024808$91.7 million$1.76 million$5.55 million

Tower Federal Credit Union And Subsidiaries 401(k) Contact Information

Phone
301-497-7000
Mailing address
7901 SANDY SPRING ROAD, LAUREL MD 20707
Plan sponsor
TOWER FEDERAL CREDIT UNION
Employer identification number (EIN)
53-0214895
Plan number
002

Questions about the Tower Federal Credit Union And Subsidiaries 401(k)

Does Tower Federal Credit Union And Subsidiaries contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.76 million, 24% of all contributions.

Does the Tower Federal Credit Union And Subsidiaries 401(k) have automatic enrollment?

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

How many people are in the Tower Federal Credit Union And Subsidiaries 401(k) plan?

808 participants at the start of plan year 2024, 619 of them active employees, and 205 former employees who still had money in the plan.

What is the average 401(k) balance at Tower Federal Credit Union And Subsidiaries?

About $111,617 per account: $91.7 million in plan assets across 822 accounts with a balance at the end of plan year 2024.

Who manages the Tower Federal Credit Union And Subsidiaries 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Tower Federal Credit Union And Subsidiaries. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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