Tower Semiconductor Newport Beach 401(k) match, vesting and fees
What Tower Semiconductor Newport Beach's 401(k) 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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Dbbmckennon (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Tower Semiconductor Newport Beach: employer contribution per participant | $2,689 | |
| Peer median | $2,038 |
| Tower Semiconductor Newport Beach: average balance | $187,289 | |
| Peer median | $72,907 |
| Tower Semiconductor Newport Beach: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.20% |
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 $150M at the end of plan year 2021 to $176M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,314 | $176M | $2.5M | $2,689 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 1,265 | $151M | $2.6M | $2,867 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 1,339 | $125M | $2.4M | $2,558 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 1,223 | $150M | $2.3M | $2,574 | 0.10% | Not published | Form 5500 ↗ |
Other Tower Semiconductor Newport Beach plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Tower Semiconductor Newport Beach Hourly Savings Plan
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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Dbbmckennon (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees
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.
| Independent auditor | Dbb Mckennon (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Tower Semiconductor Newport Beach match 401(k) contributions?
The match terms for the Tower Semiconductor Newport Beach Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $2.5M in employer contributions, about $2,689 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Tower Semiconductor Newport Beach 401(k) match vested?
The vesting schedule for the Tower Semiconductor Newport Beach Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Tower Semiconductor Newport Beach 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Tower Semiconductor Newport Beach Inc..
I left Tower Semiconductor Newport Beach. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tower Semiconductor Newport Beach Inc., (949) 435-8327) or the recordkeeper, Fidelity Investments Institutional. The Tower Semiconductor Newport Beach old 401(k) page lists the contacts from every plan filing. Find an old Tower Semiconductor Newport Beach 401(k)
Data from the public Form 5500 annual reports Tower Semiconductor Newport Beach 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 Semiconductor Newport Beach. Not financial advice. Report a correction · Methodology