401(k) · DOL Form 5500 · 2023

Inova Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
123
Participants Small participant base
61st
Percentile by assets National rank
$92,707
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Inova Federal Credit Union 401(k) Plan · Sponsored by Inova Federal Credit Union · Indiana · Finance & Insurance

$11M in assets, 123 participants

Inova Federal Credit Union's Inova Federal Credit Union 401(k) Plan reported $11M in total assets and 123 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #4,093 in Finance & Insurance (8,869 peers)

Coverage in Indiana

Inova Federal Credit Union 401(k) Plan covers 123 participants in Indiana, about 23% of the average Indiana filer (state average ~541 per filing). Assets: $11M.

#4,093
in Finance & Insurance (8,869 peers)
+18.7%
assets growth YoY

Inova Federal Credit Union 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Inova Federal Credit Union 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$11,402,998 Top 39% higher than 61% of 127,068 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 2023

Inova Federal Credit Union 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Inova Federal Credit Union 401(k) Plan sits mid-pack in the medium band (123 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Inova Federal Credit Union 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Inova Federal Credit Union 401(k) Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Inova Federal Credit Union 401(k) Plan reported participants rose from 121 in the plan year 2022 filing to 123 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 350887540 · Inova Federal Credit Union PY 2023 · 401(k)

Inova Federal Credit Union 401(k) Plan · $11M · 123 · 61st

  • EOY $11M
  • 5500 123
  • ASSETS 61st
  • PCT 401(k)
  • EIN near Richard Heath & Associates, Inc. 401(k) Profit Sharing Plan
  • RANK ind #4093

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 Finance & Insurance retirement plans → · Plans in Indiana →

Inova Federal Credit Union 401(k) Plan in the asset neighbourhood

Inova Federal Credit Union 401(k) PlanInova Federal Credit Union 4…$11MRichard Heath & Associates, Inc. 401(k) Profit Sharing PlanRichard Heath & Associates, …$11MMccann Systems 401(k) Plan$11MRocky Mountain Primary Care 401(k) PlanRocky Mountain Primary Care …$11MBrodeur Machine Company, Inc. 401(k) Retirement Savings PlanBrodeur Machine Company, Inc…$11M
End-of-year total assets ($M) among Inova Federal Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN350887540
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Inova Federal Credit Union)

Sponsor-wide plan assets over time

All Inova Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$14M 48.429165517045426% vs 2022
2024 filing year
$8M$10M$12M$14M$16M 202220232024 $9.61M $14.3M ▲ +48.4%
Year Plans Participants Total Assets
2022 1 121 $10M
2023 1 123 $11M
2024 1 130 $14M

Nearby 401(k) Plans in Indiana

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

Inova Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Inova Federal Credit Union 401(k) Plan, Total assets ($B): 0.011402998 · Participants: 123Inova Federal Credit Union 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Inova Federal Credit Union 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Inova Federal Credit Union 401(k) Plan side-by-side with 3 peers →

Inova Federal Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Richard Heath & Associates, Inc. 401(k) Profit Sharing Plan in CA ($11M); by covered participants it is Sunchase Salary Savings Plan in NC (123 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (123 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Inova Federal Credit Union 401(k) Plan assets move in 2023? ▼
Inova Federal Credit Union 401(k) Plan grew sharply - up 18.7% during 2023, from $10M to $11M. Reported net income was $2M.
How have Inova Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Inova Federal Credit Union's sponsor-wide assets grew 48.4%, from $10M to $14M.
Which 401(k) plans are similar in size to Inova Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Richard Heath & Associates, Inc. 401(k) Profit Sharing Plan in CA ($11M, 222 participants).
Which 401(k) plans cover a similar participant headcount to Inova Federal Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sunchase Salary Savings Plan in NC (123 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 350887540.

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.