401(k) · DOL Form 5500 · 2023

Innovative Choices, Inc. 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
6
Participants Small participant base
26th
Percentile by assets National rank
$216,037
Avg per participant Above avg balance/head
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Official DOL plan name: Innovative Choices, Inc. 401(k) Profit Sharing Plan · Sponsored by Innovative Choices, Inc. · South Carolina · Administrative & Support Services

$1M in assets, 6 participants

Innovative Choices, Inc.'s Innovative Choices, Inc. 401(k) Profit Sharing Plan reported $1M in total assets and 6 participants in its 2023 DOL Form 5500 filing, ranking in the 26th 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.

  • #2,182 in Administrative & Support Services (4,372 peers)

Administrative & Support Services sector rank

Within Administrative & Support Services, Innovative Choices, Inc. 401(k) Profit Sharing Plan ranks #2,182 of 4,372 2023 filers by assets (2226% of the sector average)-$1M for 6 participants.

#2,182
in Administrative & Support Services (4,372 peers)
+22.3%
assets growth YoY

Innovative Choices, Inc. 401(k) Profit Sharing Plan among the smaller filed plans by assets

Innovative Choices, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$1,296,222 26th percentile higher than 26% 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

Innovative Choices, Inc. 401(k) Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovative Choices, Inc. 401(k) Profit Sharing Plan is a micro filing (6 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innovative Choices, Inc. 401(k) Profit Sharing Plan reported net income rose from -$133K in the plan year 2022 filing to $236K in the plan year 2023 filing.
  • Innovative Choices, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Innovative Choices, Inc. 401(k) Profit Sharing Plan reported participants rose from 5 in the plan year 2022 filing to 6 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 571019973 · Innovative Choices, Inc. PY 2023 · 401(k)

Innovative Choices, Inc. 401(k) Profit Sharing Plan · $1M · 6 · 26th

  • EIN $1M
  • EIN 6
  • EIN 26th
  • EIN 401(k)
  • EIN near Patterson Precision Manufacturing, Inc. 401(k) Plan
  • EIN ind #2182

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 Administrative & Support Services retirement plans → · Plans in South Carolina →

Innovative Choices, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Innovative Choices, Inc. 401(k) Profit Sharing PlanInnovative Choices, Inc. 401…$1MPatterson Precision Manufacturing, Inc. 401(k) PlanPatterson Precision Manufact…$1MMill Masters, Inc. 401(k) PlanMill Masters, Inc. 401(k) Pl…$1MClj Consulting & Contracting 401(k) Profit Sharing PlanClj Consulting & Contracting…$1MFairly Reliable Bobs, Inc. 401(k) PlanFairly Reliable Bobs, Inc. 4…$1M
End-of-year total assets ($M) among Innovative Choices, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Administrative & Support Services filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income$236K
Employer EIN571019973
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovative Choices, Inc.)

Sponsor-wide plan assets over time

All Innovative Choices, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 198.60188277020018% vs 2022
2023 filing year
$0M$1M$2M$3M$4M 20222023 $1.06M $3.17M ▲ +199.1%
Year Plans Participants Total Assets
2022 1 5 $1M
2023 3 17 $3M

Nearby 401(k) Plans in South Carolina

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

Innovative Choices, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Innovative Choices, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.001296222 · Participants: 6Innovative Choices, Inc. 401(k) Profit Sharing PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Innovative Choices, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Innovative Choices, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Innovative Choices, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Patterson Precision Manufacturing, Inc. 401(k) Plan in MI ($1M); by covered participants it is Gears Over Gravity, Inc. 401(k) Plan in CA (6 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6 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 Innovative Choices, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Innovative Choices, Inc. 401(k) Profit Sharing Plan grew sharply - up 22.3% during 2023, from $1M to $1M. Reported net income was $236K.
How have Innovative Choices, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Innovative Choices, Inc.'s sponsor-wide assets grew 198.6%, from $1M to $3M.
Which 401(k) plans are similar in size to Innovative Choices, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Patterson Precision Manufacturing, Inc. 401(k) Plan in MI ($1M, 15 participants).
Which 401(k) plans cover a similar participant headcount to Innovative Choices, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gears Over Gravity, Inc. 401(k) Plan in CA (6 participants, $234K 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 571019973.

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.