401(k) · DOL Form 5500 · 2022

Init Innovations in Transportation, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
120
Participants Small participant base
65th
Percentile by assets National rank
$82,923
Avg per participant Below avg balance/head
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Official DOL plan name: Init Innovations in Transportation Inc 401(k) Profit Sharing Plan · Sponsored by Init Innovations in Transportation, Inc. · Virginia · Professional & Technical Services

$10M in assets, 120 participants

Init Innovations in Transportation, Inc.'s Init Innovations in Transportation Inc 401(k) Profit Sharing Plan reported $10M in total assets and 120 participants in its 2022 DOL Form 5500 filing, ranking in the 65th 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.

  • #13,709 in Professional & Technical Services (21,562 peers)

Coverage in Virginia

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan covers 120 participants in Virginia, about 15% of the average Virginia filer (state average ~782 per filing). Assets: $10M.

#13,709
in Professional & Technical Services (21,562 peers)
-9.6%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan's mid-pack asset rank among Professional & Technical Services and all filers

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan vs every filed plan by assets

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

$9,950,725 Top 35% higher than 65% 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

Init Innovations in Transportation Inc 401(k) Profit Sharing 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. Init Innovations in Transportation Inc 401(k) Profit Sharing Plan sits mid-pack in the medium band (120 participants).

Plan-year Form 5500 strip

Filing strip 541930353 · Init Innovations in Transportation, Inc. PY 2022 · 401(k)

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan · $10M · 120 · 65th

  • PART $10M
  • TYPE 120
  • NET 65th
  • BOOK 401(k)
  • VS-ST near Radiology Group of Paducah, Psc 401(k)Profit Sharing Plan
  • BOY ind #13709

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 →

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan in the asset neighbourhood

Init Innovations in Transportation Inc 401(k) Profit Sharing PlanInit Innovations in Transpor…$10MRadiology Group of Paducah, Psc 401(k)Profit Sharing PlanRadiology Group of Paducah, …$10MGriffin Underwriting Services Progress Sharing and Salary Savings TrustGriffin Underwriting Service…$10MEnviro Tech Chemical Services, Inc. Rate Group 401(k) PlanEnviro Tech Chemical Service…$10MMid South Extrusion, Inc 401(k) Profit Sharing Plan and TrustMid South Extrusion, Inc 401…$10M
End-of-year total assets ($M) among Init Innovations in Transportation Inc 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$10M
Net Income-$1M
Employer EIN541930353
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Init Innovations in Transportation, Inc.)

Sponsor-wide plan assets over time

All Init Innovations in Transportation, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 64.08741071630459% vs 2022
2024 filing year
$8M$10M$12M$14M$16M$18M 202220232024 $9.95M $16.3M ▲ +64.1%
Year Plans Participants Total Assets
2022 1 120 $10M
2023 1 124 $13M
2024 1 130 $16M

Nearby 401(k) Plans in Virginia

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

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Init Innovations in Transportation Inc 401(k) Profit Sharing Plan, Total assets ($B): 0.009950725 · Participants: 120Init Innovations in Transportation Inc 401(k) Profit Sharing 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
Init Innovations in Transportation Inc 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Init Innovations in Transportation Inc 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Radiology Group of Paducah, Psc 401(k)Profit Sharing Plan in KY ($10M); by covered participants it is Newco Distributors, Inc. Retirement Plan in CA (120 participants). Same-state nearby plans are listed separately above.

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 Init Innovations in Transportation Inc 401(k) Profit Sharing Plan assets move in 2022?
Init Innovations in Transportation Inc 401(k) Profit Sharing Plan pulled back noticeably - down 9.6% during 2022, from $11M to $10M. Reported net income was -$1M.
How have Init Innovations in Transportation, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Init Innovations in Transportation, Inc.'s sponsor-wide assets grew 64.1%, from $10M to $16M.
Which 401(k) plans are similar in size to Init Innovations in Transportation Inc 401(k) Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Radiology Group of Paducah, Psc 401(k)Profit Sharing Plan in KY ($10M, 12 participants).
Which 401(k) plans cover a similar participant headcount to Init Innovations in Transportation Inc 401(k) Profit Sharing Plan?
Among 401(k) plans in other states, the closest by covered participants is Newco Distributors, Inc. Retirement Plan in CA (120 participants, $4M in assets).