401(k) · DOL Form 5500 · 2022

Industrial Turnaround Corporation 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
437
Participants Below avg headcount
87th
Percentile by assets National rank
$98,340
Avg per participant Below avg balance/head
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Official DOL plan name: Industrial Turnaround Corporation 401(k)Plan · Sponsored by Industrial Turnaround Corporation · Virginia · Professional & Technical Services

$43M in assets, 437 participants

Industrial Turnaround Corporation's Industrial Turnaround Corporation 401(k)Plan reported $43M in total assets and 437 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #18,882 in Professional & Technical Services (21,562 peers)

Where Industrial Turnaround Corporation 401(k)Plan sits by assets

Industrial Turnaround Corporation 401(k)Plan sits in the top quartile of all filed plans by assets, $43M for 437 participants (~$98,340/participant), down 23.6% in 2022.

#18,882
in Professional & Technical Services (21,562 peers)
-23.6%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Industrial Turnaround Corporation 401(k)Plan's outsized position by total assets

Industrial Turnaround Corporation 401(k)Plan vs every filed plan by assets

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

$42,974,452 Top 13% higher than 87% 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

Industrial Turnaround Corporation 401(k)Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Industrial Turnaround Corporation 401(k)Plan sits mid-pack in the medium band (437 participants).

DOL schedule card

Filing strip 541453225 · Industrial Turnaround Corporation PY 2022 · 401(k)

Industrial Turnaround Corporation 401(k)Plan · $43M · 437 · 87th

  • BOY $43M
  • SCH 437
  • EBSA 87th
  • PART 401(k)
  • TYPE near Forum Credit Union 401(k) Plan
  • NET ind #18882

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 Professional & Technical Services retirement plans → · Plans in Virginia →

Industrial Turnaround Corporation 401(k)Plan in the asset neighbourhood

Wns North America, Inc. 401(k) Profit Sharing PlanWns North America, Inc. 401(…$43MIndustrial Turnaround Corporation 401(k)PlanIndustrial Turnaround Corpor…$43MForum Credit Union 401(k) PlanForum Credit Union 401(k) Pl…$43MSpi Pharma 401(k) Plan$43MMatt Construction 401(k) Plan$43M
End-of-year total assets ($M) among Industrial Turnaround Corporation 401(k)Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$43M
Net Income-$13M
Employer EIN541453225
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Industrial Turnaround Corporation)

Sponsor-wide plan assets over time

All Industrial Turnaround Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 37.72616670942499% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $49.6M $68.3M ▲ +37.7%
Year Plans Participants Total Assets
2022 2 912 $50M
2023 2 905 $59M
2024 2 956 $68M

Nearby 401(k) Plans in Virginia

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

Industrial Turnaround Corporation 401(k)Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Industrial Turnaround Corporation 401(k)Plan, Total assets ($B): 0.042974452 · Participants: 437Industrial Turnaround Corporation 401(k)PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Industrial Turnaround Corporation 401(k)Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Industrial Turnaround Corporation 401(k)Plan side-by-side with 3 peers →

Industrial Turnaround Corporation 401(k)Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Forum Credit Union 401(k) Plan in IN ($43M); by covered participants it is Butler Hospitality in NJ (437 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (437 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 Industrial Turnaround Corporation 401(k)Plan assets move in 2022? ▼
Industrial Turnaround Corporation 401(k)Plan declined sharply - down 23.6% during 2022, from $56M to $43M. Reported net income was -$13M.
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Turnaround Corporation's sponsor-wide assets grew 37.7%, from $50M to $68M.
Where does Industrial Turnaround Corporation 401(k)Plan rank by assets among Form 5500 filers? ▼
Industrial Turnaround Corporation 401(k)Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Industrial Turnaround Corporation 401(k)Plan? ▼
Among 401(k) plans in other states, the closest by assets is Forum Credit Union 401(k) Plan in IN ($43M, 382 participants).
Which 401(k) plans cover a similar participant headcount to Industrial Turnaround Corporation 401(k)Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Butler Hospitality in NJ (437 participants, $383K in assets).

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 541453225.

Read our methodology - how this data is sourced, computed, and verified.

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