Tower Automotive Operations USA I retirement plan: assets, participants and fees
What Tower Automotive Operations USA I's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 451 pension plans in manufacturing with 1,000 to 4,999 participants.
| Tower Automotive Operations USA I: employer contribution per participant | $237 | |
| Peer median | $1,502 |
| Tower Automotive Operations USA I: average balance | $44,498 | |
| Peer median | $72,786 |
| Tower Automotive Operations USA I: admin expenses ÷ assets | 2.12% | |
| Peer median | 0.67% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $172M at the end of plan year 2021 to $109M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,445 | $109M | $580K | $237 | 2.12% | Not published | Form 5500 ↗ |
| 2023 | 2,496 | $120M | $4.3M | $1,705 | 1.98% | Not published | Form 5500 ↗ |
| 2022 | 2,548 | $124M | $0 | $0 | 1.22% | Not published | Form 5500 ↗ |
| 2021 | 2,636 | $172M | $1.5M | $550 | 1.00% | Not published | Form 5500 ↗ |
Common questions
Does Tower Automotive Operations USA I match 401(k) contributions?
The match terms for the Tower International Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $580K in employer contributions, about $237 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Tower Automotive Operations USA I 401(k) match vested?
The vesting schedule for the Tower International Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Tower Automotive Operations USA I 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock. The plan administrator is Tower Automotive Operations USA I, LLC.
I left Tower Automotive Operations USA I. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tower Automotive Operations USA I, LLC, (734) 397-6300) or the recordkeeper, John Hancock. The Tower Automotive Operations USA I old 401(k) page lists the contacts from every plan filing. Find an old Tower Automotive Operations USA I 401(k)
Data from the public Form 5500 annual reports Tower Automotive Operations USA I filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Tower Automotive Operations USA I. Not financial advice. Report a correction · Methodology