401(k)
2022 plan-year 401(k) DOL Form 5500

Innovation First International 401(k) Profit Sharing Plan and Trust

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Innovation First International, Inc. · Texas · Professional & Technical Services

What the 2023 filing shows

Innovation First International 401(k) Profit Sharing Plan and Trust holds $17M for 178 participants — about $97,205 per participant, down 10.4% over the 2022 plan year.

$17M
total plan assets (2022 EOY)
178
covered participants
$97,205
avg assets per participant
-10.4%
assets change YoY

The plan reported a net loss of $2M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$17M
Participants
178
State
Industry
Professional & Technical Services

What the Filing Says About Innovation First International 401(k) Profit Sharing Plan and Trust

Innovation First International 401(k) Profit Sharing Plan and Trust is a 401(k) retirement plan sponsored by Innovation First International, Inc., headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $17M in total end-of-year assets and covers 178 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 271530354, and the plan has been effective since 2012-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $19M at the beginning of 2022 to $17M at year-end — a decline of 10.4%. Net assets (after liabilities) closed the year at $17M, with reported net income of $-2,017,608 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$19M
Total Assets (End of Year)$17M
Net Assets (End of Year)$17M
Net Income$-2,017,608
Plan Type401(k)
Employer EIN271530354
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovation First International, Inc.)

Year Plans Participants Total Assets
2022 1 178 $17M
2023 1 192 $21M
2024 1 156 $25M

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Frequently Asked Questions

How much money is in the Innovation First International 401(k) Profit Sharing Plan and Trust?
As of the 2022 Form 5500 filing, Innovation First International 401(k) Profit Sharing Plan and Trust holds $17M in total assets with 178 participants. It is sponsored by Innovation First International, Inc..
What type of plan is Innovation First International 401(k) Profit Sharing Plan and Trust?
Innovation First International 401(k) Profit Sharing Plan and Trust is a 401(k) plan. It has been effective since 2012-01-01. The plan is filed with the U.S. Department of Labor under EIN 271530354.
Who sponsors the Innovation First International 401(k) Profit Sharing Plan and Trust?
Innovation First International 401(k) Profit Sharing Plan and Trust is sponsored by Innovation First International, Inc., located in Texas. The sponsor's EIN is 271530354 and the plan operates in the Professional & Technical Services industry.
How did Innovation First International 401(k) Profit Sharing Plan and Trust perform in 2022?
Innovation First International 401(k) Profit Sharing Plan and Trust declined by 10.4% during 2022, moving from $19M to $17M in total assets. Net income was $-2,017,608.
Where can I find official filings for Innovation First International 401(k) Profit Sharing Plan and Trust?
Official Form 5500 filings for Innovation First International 401(k) Profit Sharing Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 271530354 or plan name at efast.dol.gov.
How does Innovation First International 401(k) Profit Sharing Plan and Trust compare to other plans?
You can compare Innovation First International 401(k) Profit Sharing Plan and Trust against other 401(k) plans on the plan type page, or view plans in Texas on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 271530354.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.