401(k) · DOL Form 5500 · 2022

Innovate, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
120
Participants Small participant base
64th
Percentile by assets National rank
$80,646
Avg per participant Below avg balance/head
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Official DOL plan name: Innovate!, Inc. Retirement Trust · Sponsored by Innovate, Inc. · Virginia · Professional & Technical Services

$10M in assets, 120 participants

Innovate, Inc.'s Innovate!, Inc. Retirement Trust reported $10M in total assets and 120 participants in its 2022 DOL Form 5500 filing, ranking in the 64th 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.

  • #13,581 in Professional & Technical Services (21,562 peers)

Coverage in Virginia

Innovate!, Inc. Retirement Trust covers 120 participants in Virginia, about 15% of the average Virginia filer (state average ~782 per filing). Assets: $10M.

#13,581
in Professional & Technical Services (21,562 peers)
-10.8%
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.

Innovate!, Inc. Retirement Trust's mid-pack asset rank among Professional & Technical Services and all filers

Innovate!, Inc. Retirement Trust vs every filed plan by assets

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

$9,677,532 Top 36% higher than 64% 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

Innovate!, Inc. Retirement Trust 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. Innovate!, Inc. Retirement Trust sits mid-pack in the medium band (120 participants).

Form 5500 schedule snapshot

Filing strip 010700529 · Innovate, Inc. PY 2022 · 401(k)

Innovate!, Inc. Retirement Trust · $10M · 120 · 64th

  • TYPE $10M
  • TYPE 120
  • TYPE 64th
  • TYPE 401(k)
  • TYPE near Met One Instruments, Inc. Consolidated Profit Sharing Plan
  • TYPE ind #13581

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 →

Innovate!, Inc. Retirement Trust in the asset neighbourhood

Innovate!, Inc. Retirement TrustInnovate!, Inc. Retirement T…$10MMet One Instruments, Inc. Consolidated Profit Sharing PlanMet One Instruments, Inc. Co…$10MCrif Select Corporation 401(k) Profit Sharing Plan & TrustCrif Select Corporation 401(…$10MTransitional Data Services Retirement Savings PlanTransitional Data Services R…$10MPark West 401(k) Employee Retirement PlanPark West 401(k) Employee Re…$10M
End-of-year total assets ($M) among Innovate!, Inc. Retirement Trust 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 EIN010700529
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovate, Inc.)

Sponsor-wide plan assets over time

All Innovate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 29.401215103189532% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $9.68M $12.5M ▲ +29.3%
Year Plans Participants Total Assets
2022 1 120 $10M
2023 1 120 $11M
2024 1 87 $13M

Nearby 401(k) Plans in Virginia

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

Innovate!, Inc. Retirement Trust vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Innovate!, Inc. Retirement Trust, Total assets ($B): 0.009677532 · Participants: 120Innovate!, Inc. Retirement TrustNorthrop 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
Innovate!, Inc. Retirement Trust vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Innovate!, Inc. Retirement Trust side-by-side with 3 peers →

Innovate!, Inc. Retirement Trust's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Met One Instruments, Inc. Consolidated Profit Sharing Plan in OR ($10M); by covered participants it is Newco Distributors, Inc. Retirement Plan in CA (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 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 Innovate!, Inc. Retirement Trust assets move in 2022? ▼
Innovate!, Inc. Retirement Trust pulled back noticeably - down 10.8% during 2022, from $11M to $10M. Reported net income was -$1M.
How have Innovate, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovate, Inc.'s sponsor-wide assets grew 29.4%, from $10M to $13M.
Which 401(k) plans are similar in size to Innovate!, Inc. Retirement Trust? ▼
Among 401(k) plans in other states, the closest by assets is Met One Instruments, Inc. Consolidated Profit Sharing Plan in OR ($10M, 121 participants).
Which 401(k) plans cover a similar participant headcount to Innovate!, Inc. Retirement Trust? ▼
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).

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 010700529.

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.