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

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

TOWER TECHNOLOGY, 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.
  • 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 TECHNOLOGY, INC. has sponsored the creation of one or more 401k plans.

Company Name:TOWER TECHNOLOGY, INC.
Employer identification number (EIN):431245307
NAIC Classification:238900

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01GEORGE KOUBA2022-01-31
0012020-01-01GEORGE KOUBA2021-05-04
0012019-01-01
0012018-01-01GEORGE KOUBA2019-04-08
0012017-01-01GEORGE KOUBA
0012016-01-01GEORGE KOUBA
0012015-01-01GEORGE KOUBA
0012014-01-01GEORGE KOUBA
0012013-01-01GEORGE E. KOUBA
0012012-01-01GEORGE E. KOUBA
0012011-01-01GEORGE E. KOUBA
0012010-01-01GEORGE E. KOUBA
0012009-01-01GEORGE E. KOUBA

Financial Data on TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-01-312262586
Net assets as of the end of the plan year2022-01-318396447
Total assets as of the beginning of the plan year2022-01-318532361
Value of plan covered by a fidelity bond2022-01-31500000
Other income to plan in this plan year2022-01-312126672
Plan net income in this plan year2022-01-31-135914
Net assets as of the end of the plan year2022-01-318396447
Net assets as of the beginning of the plan year2022-01-318532361
Expensese paid to adminstrative service provicers from plan in this plan year2022-01-31179798
2017 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$1,531,631
Expenses. Total of all expenses incurred2017-12-31$2,549,405
Benefits paid (including direct rollovers)2017-12-31$2,465,257
Total plan assets at end of year2017-12-31$8,695,475
Total plan assets at beginning of year2017-12-31$9,713,249
Value of fidelity bond covering the plan2017-12-31$500,000
Other income received2017-12-31$1,464,131
Net income (gross income less expenses)2017-12-31$-1,017,774
Net plan assets at end of year (total assets less liabilities)2017-12-31$8,695,475
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$9,713,249
Total contributions received or receivable from employer(s)2017-12-31$67,500
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$84,148
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$-442,274
Expenses. Total of all expenses incurred2016-12-31$96,001
Total plan assets at end of year2016-12-31$9,713,249
Total plan assets at beginning of year2016-12-31$10,251,524
Value of fidelity bond covering the plan2016-12-31$500,000
Other income received2016-12-31$-501,374
Net income (gross income less expenses)2016-12-31$-538,275
Net plan assets at end of year (total assets less liabilities)2016-12-31$9,713,249
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$10,251,524
Total contributions received or receivable from employer(s)2016-12-31$59,100
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$96,001
2015 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$-624,110
Expenses. Total of all expenses incurred2015-12-31$116,705
Total plan assets at end of year2015-12-31$10,251,524
Total plan assets at beginning of year2015-12-31$10,992,339
Value of fidelity bond covering the plan2015-12-31$500,000
Noncash contributions received2015-12-31$-735,710
Net income (gross income less expenses)2015-12-31$-740,815
Net plan assets at end of year (total assets less liabilities)2015-12-31$10,251,524
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$10,992,339
Total contributions received or receivable from employer(s)2015-12-31$111,600
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$116,705
2014 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$891,148
Expenses. Total of all expenses incurred2014-12-31$103,970
Total plan assets at end of year2014-12-31$10,992,339
Total plan assets at beginning of year2014-12-31$10,205,161
Value of fidelity bond covering the plan2014-12-31$500,000
Other income received2014-12-31$823,573
Net income (gross income less expenses)2014-12-31$787,178
Net plan assets at end of year (total assets less liabilities)2014-12-31$10,992,339
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$10,205,161
Total contributions received or receivable from employer(s)2014-12-31$67,575
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$103,970
2013 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$2,891,971
Expenses. Total of all expenses incurred2013-12-31$102,671
Total plan assets at end of year2013-12-31$10,205,161
Total plan assets at beginning of year2013-12-31$7,415,861
Value of fidelity bond covering the plan2013-12-31$500,000
Other income received2013-12-31$2,771,971
Net income (gross income less expenses)2013-12-31$2,789,300
Net plan assets at end of year (total assets less liabilities)2013-12-31$10,205,161
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$7,415,861
Total contributions received or receivable from employer(s)2013-12-31$120,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$102,671
2012 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,297,578
Expenses. Total of all expenses incurred2012-12-31$49,457
Total plan assets at end of year2012-12-31$7,415,861
Total plan assets at beginning of year2012-12-31$6,167,740
Value of fidelity bond covering the plan2012-12-31$500,000
Other income received2012-12-31$1,112,578
Net income (gross income less expenses)2012-12-31$1,248,121
Net plan assets at end of year (total assets less liabilities)2012-12-31$7,415,861
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$6,167,740
Total contributions received or receivable from employer(s)2012-12-31$185,000
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$49,457
2011 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$893,475
Expenses. Total of all expenses incurred2011-12-31$56,974
Total plan assets at end of year2011-12-31$6,167,740
Total plan assets at beginning of year2011-12-31$5,331,239
Value of fidelity bond covering the plan2011-12-31$500,000
Other income received2011-12-31$729,975
Net income (gross income less expenses)2011-12-31$836,501
Net plan assets at end of year (total assets less liabilities)2011-12-31$6,167,740
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$5,331,239
Total contributions received or receivable from employer(s)2011-12-31$163,500
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$56,974
2010 : TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$1,010,181
Expenses. Total of all expenses incurred2010-12-31$46,171
Total plan assets at end of year2010-12-31$5,331,239
Total plan assets at beginning of year2010-12-31$4,367,229
Value of fidelity bond covering the plan2010-12-31$500,000
Other income received2010-12-31$861,931
Net income (gross income less expenses)2010-12-31$964,010
Net plan assets at end of year (total assets less liabilities)2010-12-31$5,331,239
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$4,367,229
Total contributions received or receivable from employer(s)2010-12-31$148,250
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$46,171

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

2017: TOWER TECHNOLOGY, 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: TOWER TECHNOLOGY, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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