UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Reviewed byPlainRetire Editorial, Retirement Plans Editorial Team · June 7, 2026

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

UPDATE, INC.

This 401(k) plan holds $621K in total assets and serves 234 participants as of 2022. It is sponsored by UPDATE, INC. in New York. The plan reported a net loss of $2M for the year.

Total Assets (2023)

$621K

Participants

234

State

New York

Industry

Administrative & Support Services

What the Filing Says About UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN is a 401(k) retirement plan sponsored by UPDATE, INC., headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $621K in total end-of-year assets and covers 234 participants across the Administrative & Support Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 383900189, and the plan has been effective since 1996-11-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $12M at the beginning of 2022 to $621K at year-end — a decline of 94.7%. Net assets (after liabilities) closed the year at $621K, with reported net income of $-1,930,132 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.

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)	$12M
Total Assets (End of Year)	$621K
Net Assets (End of Year)	$621K
Net Income	$-1,930,132
Plan Type	401(k)
Employer EIN	383900189
Plan Effective Date	1996-11-01
Filing Status	FILING RECEIVED

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Frequently Asked Questions

How much money is in the UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN? ▼

As of the 2022 Form 5500 filing, UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN holds $621K in total assets with 234 participants. It is sponsored by UPDATE, INC..

What type of plan is UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN? ▼

UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN is a 401(k) plan. It has been effective since 1996-11-01. The plan is filed with the U.S. Department of Labor under EIN 383900189.

Who sponsors the UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN? ▼

UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN is sponsored by UPDATE, INC., located in New York. The sponsor's EIN is 383900189 and the plan operates in the Administrative & Support Services industry.

How did UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN perform in 2022? ▼

UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN declined by 94.7% during 2022, moving from $12M to $621K in total assets. Net income was $-1,930,132.

Where can I find official filings for UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN? ▼

Official Form 5500 filings for UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 383900189 or plan name at efast.dol.gov.

How does UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN compare to other plans? ▼

You can compare UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN against other 401(k) plans on the plan type page, or view plans in New York on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.