401(k) · DOL Form 5500 · 2022

Innovate Corp 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
59
Participants Small participant base
70th
Percentile by assets National rank
$216,073
Avg per participant Above avg balance/head
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Official DOL plan name: Innovate Corp 401(k) Plan · Sponsored by Innovate Corp · New York · Management of Enterprises

$13M in assets, 59 participants

Innovate Corp's Innovate Corp 401(k) Plan reported $13M in total assets and 59 participants in its 2022 DOL Form 5500 filing, ranking in the 70th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #584 in Management of Enterprises (1,193 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Innovate Corp 401(k) Plan ranks #584 of 1,193 2022 filers by assets (2789% of the sector average)-$13M for 59 participants.

#584
in Management of Enterprises (1,193 peers)
-24.1%
assets change YoY

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Innovate Corp 401(k) Plan's outsized position by total assets

Innovate Corp 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$12,748,293 Top 30% higher than 70% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Innovate Corp 401(k) Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovate Corp 401(k) Plan is a small filing (59 participants) on this national headcount ladder.

DOL schedule card

Filing strip 541708481 · Innovate Corp PY 2022 · 401(k)

Innovate Corp 401(k) Plan · $13M · 59 · 70th

  • RANK $13M
  • RANK 59
  • RANK 70th
  • RANK 401(k)
  • RANK near Maine Oxy-Acetylene Supply Co. 401(k) Profit Sharing Plan & Trust
  • RANK ind #584

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in New York →

Innovate Corp 401(k) Plan in the asset neighbourhood

Innovate Corp 401(k) Plan$13MMaine Oxy-Acetylene Supply Co. 401(k) Profit Sharing Plan & TrustMaine Oxy-Acetylene Supply C…$13MUtility Workers Union of America 401(k) Retirement PlanUtility Workers Union of Ame…$13MFuchs North America, Inc. 401(k) PlanFuchs North America, Inc. 40…$13MCo-Op 401(k) Plan$13M
End-of-year total assets ($M) among Innovate Corp 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$13M
Net Income-$4M
Employer EIN541708481
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovate Corp)

Sponsor-wide plan assets over time

All Innovate Corp plans reported in each filing year

Latest sponsor-wide plan assets
$6M 52.21028415333724% vs 2022
2023 filing year
$4M$6M$8M$10M$12M$14M 20222023 $12.8M $6.09M ▼ -52.2%
Year Plans Participants Total Assets
2022 1 59 $13M
2023 1 34 $6M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Innovate Corp 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Innovate Corp 401(k) Plan, Total assets ($B): 0.012748293 · Participants: 59Innovate Corp 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Innovate Corp 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants

Innovate Corp 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Maine Oxy-Acetylene Supply Co. 401(k) Profit Sharing Plan & Trust in ME ($13M); by covered participants it is Cai Inc Prodiac Pension Plan in MA (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Innovate Corp 401(k) Plan assets move in 2022?
Innovate Corp 401(k) Plan declined sharply - down 24.1% during 2022, from $17M to $13M. Reported net income was -$4M.
How have Innovate Corp plan assets changed over time?
Across 2 plan years on file (2022-2023), Innovate Corp's sponsor-wide assets declined 52.2%, from $13M to $6M.
Which 401(k) plans are similar in size to Innovate Corp 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Maine Oxy-Acetylene Supply Co. 401(k) Profit Sharing Plan & Trust in ME ($13M, 170 participants).
Which 401(k) plans cover a similar participant headcount to Innovate Corp 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Cai Inc Prodiac Pension Plan in MA (59 participants, $12M in assets).