401(k) · DOL Form 5500 · 2023

It Concepts 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets: 311
Participants Below avg headcount: 72nd
Percentile by assets National rank: $62,734
Avg per participant Low balance/head

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Official DOL plan name: It Concepts 401(k) Plan · Sponsored by It Concepts · Virginia · Professional & Technical Services

$20M in assets, 311 participants

It Concepts's It Concepts 401(k) Plan reported $20M in total assets and 311 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

#14,619 in Professional & Technical Services (20,321 peers)

Coverage in Virginia

It Concepts 401(k) Plan covers 311 participants in Virginia, about 40% of the average Virginia filer (state average ~782 per filing). Assets: $20M.

#14,619
in Professional & Technical Services (20,321 peers): +54.9%
assets growth YoY

It Concepts 401(k) Plan's outsized position by total assets

It Concepts 401(k) Plan vs every filed plan by assets

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

$19,510,246 Top 28% higher than 72% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

It Concepts 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. It Concepts 401(k) Plan sits mid-pack in the medium band (311 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

It Concepts 401(k) Plan reported net income rose from $473K in the plan year 2022 filing to $7M in the plan year 2023 filing.
It Concepts 401(k) Plan reported participants rose from 200 in the plan year 2022 filing to 311 in the plan year 2023 filing.
It Concepts 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $20M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 830377840 · It Concepts PY 2023 · 401(k)

It Concepts 401(k) Plan · $20M · 311 · 72nd

TYPE $20M
NET 311
BOOK 72nd
VS-ST 401(k)
BOY near Furuno USA, Inc. 401(k) Plan
SCH ind #14619

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 →

End-of-year total assets ($M) among It Concepts 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)	$13M
Net Assets (End of Year)	$20M
Net Income	$7M
Employer EIN	830377840
Plan Effective Date	2011-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (It Concepts)

Latest sponsor-wide plan assets: $27M 112.78925974572441% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	200	$13M
2023	1	311	$20M
2024	1	420	$27M

Nearby 401(k) Plans in Virginia

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

It Concepts 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Northrop Grumman Savings Plan $36.2B · 97,987
401(k) Pension Plan $15.0B · 62,467
General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
Leidos, Inc. Retirement Plan $10.6B · 27,043
Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681

Compare It Concepts 401(k) Plan side-by-side with 3 peers →

It Concepts 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Furuno USA, Inc. 401(k) Plan in WA ($20M); by covered participants it is Bobcat North America, LLC in FL (311 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($20M here).

Furuno USA, Inc. 401(k) Plan (WA) $20M · 85
Rochester Dairy Industry Individual Pension Account Plan (NY) $20M · 189
Nexfirm LLC & Member Firms' 401(k) Retirement Plan (NY) $20M · 237
The Aagard Group, LLC. 401(k) Ps Plan (MN) $20M · 291

Similar participant headcount

Nearest other-state filings by covered participants (311 participants); asset peers above are excluded.

Bobcat North America, LLC (FL) 311 · 0 off
Kiolbassa Provision Company, Inc. 401(k) Plan (TX) 311 · 0 off
Callrail 401(k) Plan (GA) 311 · 0 off
Wetherill Associates, Inc. Retirement and 401(k) Savings Plan (FL) 311 · 0 off

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 It Concepts 401(k) Plan assets move in 2023? ▼

It Concepts 401(k) Plan surged - up 54.9% during 2023, from $13M to $20M. Reported net income was $7M.

How have It Concepts plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), It Concepts's sponsor-wide assets grew 112.8%, from $13M to $27M.

Which 401(k) plans are similar in size to It Concepts 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Furuno USA, Inc. 401(k) Plan in WA ($20M, 85 participants).

Which 401(k) plans cover a similar participant headcount to It Concepts 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Bobcat North America, LLC in FL (311 participants, $34K 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 830377840.