Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Iwco Direct Retirement Savings Plan

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

Sponsored by Instant Web, LLC · Minnesota · Manufacturing

What the 2023 filing shows

Iwco Direct Retirement Savings Plan holds $101M for 1,528 participants — about $66,295 per participant, down 24.6% over the 2022 plan year.

$101M
total plan assets (2022 EOY)
1,528
covered participants
$66,295
avg assets per participant
-24.6%
assets change YoY

The plan reported a net loss of $33M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$101M
Participants
1,528
State
Industry
Manufacturing

What the Filing Says About Iwco Direct Retirement Savings Plan

Iwco Direct Retirement Savings Plan is a Profit Sharing retirement plan sponsored by Instant Web, LLC, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $101M in total end-of-year assets and covers 1,528 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 465132128, and the plan has been effective since 1989-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $134M at the beginning of 2022 to $101M at year-end — a decline of 24.6%. Net assets (after liabilities) closed the year at $101M, with reported net income of $-33,016,536 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)$134M
Total Assets (End of Year)$101M
Net Assets (End of Year)$101M
Net Income$-33,016,536
Plan TypeProfit Sharing
Employer EIN465132128
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Instant Web, LLC)

Year Plans Participants Total Assets
2022 1 1,528 $101M
2023 1 1,369 $111M
2024 1 1,006 $118M

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Iwco Direct Retirement Savings Plan?
As of the 2022 Form 5500 filing, Iwco Direct Retirement Savings Plan holds $101M in total assets with 1,528 participants. It is sponsored by Instant Web, LLC.
What type of plan is Iwco Direct Retirement Savings Plan?
Iwco Direct Retirement Savings Plan is a Profit Sharing plan. It has been effective since 1989-01-01. The plan is filed with the U.S. Department of Labor under EIN 465132128.
Who sponsors the Iwco Direct Retirement Savings Plan?
Iwco Direct Retirement Savings Plan is sponsored by Instant Web, LLC, located in Minnesota. The sponsor's EIN is 465132128 and the plan operates in the Manufacturing industry.
How did Iwco Direct Retirement Savings Plan perform in 2022?
Iwco Direct Retirement Savings Plan declined by 24.6% during 2022, moving from $134M to $101M in total assets. Net income was $-33,016,536.
Where can I find official filings for Iwco Direct Retirement Savings Plan?
Official Form 5500 filings for Iwco Direct Retirement Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 465132128 or plan name at efast.dol.gov.
How does Iwco Direct Retirement Savings Plan compare to other plans?
You can compare Iwco Direct Retirement Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Minnesota 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 465132128.

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.