401(k) · DOL Form 5500 · 2023

Innovance, Inc. 401(k) Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
389
Participants Below avg headcount
86th
Percentile by assets National rank
$140,926
Avg per participant Near avg balance/head
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Official DOL plan name: Innovance, Inc. Employee Stock Ownership Plan and Trust · Sponsored by Innovance, Inc. · Minnesota · Manufacturing

$55M in assets, 389 participants

Innovance, Inc.'s Innovance, Inc. Employee Stock Ownership Plan and Trust reported $55M in total assets and 389 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #15,033 in Manufacturing (18,722 peers)

Coverage in Minnesota

Innovance, Inc. Employee Stock Ownership Plan and Trust covers 389 participants in Minnesota, about 35% of the average Minnesota filer (state average ~1,126 per filing). Assets: $55M.

#15,033
in Manufacturing (18,722 peers)
+1.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Innovance, Inc. Employee Stock Ownership Plan and Trust's outsized position by total assets

Innovance, Inc. Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$54,820,265 Top 14% higher than 86% 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

Innovance, Inc. Employee Stock Ownership Plan and Trust 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. Innovance, Inc. Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (389 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innovance, Inc. Employee Stock Ownership Plan and Trust reported net income fell from $1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Innovance, Inc. Employee Stock Ownership Plan and Trust reported participants rose from 374 in the plan year 2022 filing to 389 in the plan year 2023 filing.
  • Innovance, Inc. Employee Stock Ownership Plan and Trust end-of-year assets rose from $54M in the plan year 2022 filing to $55M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410980946 · Innovance, Inc. PY 2023 · 401(k)

Innovance, Inc. Employee Stock Ownership Plan and Trust · $55M · 389 · 86th

  • NET $55M
  • NET 389
  • NET 86th
  • NET 401(k)
  • NET near Premier Medical Group,P.C.401(k) Profit Sharing Plan
  • NET ind #15033

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 Manufacturing retirement plans → · Plans in Minnesota →

Innovance, Inc. Employee Stock Ownership Plan and Trust in the asset neighbourhood

The Columbia Association, Inc. Incentive Savings PlanThe Columbia Association, In…$55MInnovance, Inc. Employee Stock Ownership Plan and TrustInnovance, Inc. Employee Sto…$55MPremier Medical Group,P.C.401(k) Profit Sharing PlanPremier Medical Group,P.C.40…$55MEdison Properties, LLC 401(k) PlanEdison Properties, LLC 401(k…$55MLinedata Services 401(k) Plan$55M
End-of-year total assets ($M) among Innovance, Inc. Employee Stock Ownership Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$51M
Net Income$1M
Employer EIN410980946
Plan Effective Date1976-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovance, Inc.)

Sponsor-wide plan assets over time

All Innovance, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$92M 11.714442288446552% vs 2022
2024 filing year
$80M$85M$90M$95M 202220232024 $82.2M $91.8M ▲ +11.7%
Year Plans Participants Total Assets
2022 2 772 $82M
2023 2 806 $86M
2024 2 780 $92M

Nearby 401(k) Plans in Minnesota

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

Innovance, Inc. Employee Stock Ownership Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Innovance, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.054820265 · Participants: 389Innovance, Inc. Employee Stock Ownership Plan and TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Innovance, Inc. Employee Stock Ownership Plan and Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Innovance, Inc. Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Innovance, Inc. Employee Stock Ownership Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Premier Medical Group,P.C.401(k) Profit Sharing Plan in TN ($55M); by covered participants it is Dura Bond Retirement Savings Plan in PA (389 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (389 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 Innovance, Inc. Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Innovance, Inc. Employee Stock Ownership Plan and Trust edged up modestly - up 1.4% during 2023, from $54M to $55M. Reported net income was $1M.
How have Innovance, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovance, Inc.'s sponsor-wide assets grew 11.7%, from $82M to $92M.
Where does Innovance, Inc. Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Innovance, Inc. Employee Stock Ownership Plan and Trust ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Innovance, Inc. Employee Stock Ownership Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Premier Medical Group,P.C.401(k) Profit Sharing Plan in TN ($55M, 249 participants).
Which 401(k) plans cover a similar participant headcount to Innovance, Inc. Employee Stock Ownership Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Dura Bond Retirement Savings Plan in PA (389 participants, $27M 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 410980946.

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.