401(k) · DOL Form 5500 · 2023

Industrial Turnaround Corporation 401(k) Plan

Data updated 2026-08-25

$50M
Total assets Below avg plan size
452
Participants Below avg headcount
86th
Percentile by assets National rank
$110,763
Avg per participant Below avg balance/head
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Official DOL plan name: Industrial Turnaround Corporation 401(k)Plan · Sponsored by Industrial Turnaround Corporation · Virginia · Professional & Technical Services

$50M in assets, 452 participants

Industrial Turnaround Corporation's Industrial Turnaround Corporation 401(k)Plan reported $50M in total assets and 452 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.

  • #17,611 in Professional & Technical Services (20,321 peers)

Where Industrial Turnaround Corporation 401(k)Plan sits by assets

Industrial Turnaround Corporation 401(k)Plan sits in the top quartile of all filed plans by assets, $50M for 452 participants (~$110,763/participant), up 16.5% in 2023.

#17,611
in Professional & Technical Services (20,321 peers)
+16.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Industrial Turnaround Corporation 401(k)Plan's outsized position by total assets

Industrial Turnaround Corporation 401(k)Plan vs every filed plan by assets

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

$50,065,018 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

Industrial Turnaround Corporation 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. Industrial Turnaround Corporation 401(k)Plan sits mid-pack in the medium band (452 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Industrial Turnaround Corporation 401(k)Plan reported net income rose from -$13M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Industrial Turnaround Corporation 401(k)Plan end-of-year assets rose from $43M in the plan year 2022 filing to $50M in the plan year 2023 filing.
  • Industrial Turnaround Corporation 401(k)Plan reported participants rose from 437 in the plan year 2022 filing to 452 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 541453225 · Industrial Turnaround Corporation PY 2023 · 401(k)

Industrial Turnaround Corporation 401(k)Plan · $50M · 452 · 86th

  • BOY $50M
  • BOY 452
  • BOY 86th
  • BOY 401(k)
  • BOY near The Smithers Group 401(k) Retirement Savings Plan
  • BOY ind #17611

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 →

Industrial Turnaround Corporation 401(k)Plan in the asset neighbourhood

Vaa, LLC Profit Sharing Plan$50MIndustrial Turnaround Corporation 401(k)PlanIndustrial Turnaround Corpor…$50MRose International 401(k) PlanRose International 401(k) Pl…$50MThe Smithers Group 401(k) Retirement Savings PlanThe Smithers Group 401(k) Re…$50MPosillico 401(k) Profit Sharing PlanPosillico 401(k) Profit Shar…$50M
End-of-year total assets ($M) among Industrial Turnaround Corporation 401(k)Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$50M
Net Income$7M
Employer EIN541453225
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Industrial Turnaround Corporation)

Sponsor-wide plan assets over time

All Industrial Turnaround Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$68M 37.72616670942499% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $49.6M $68.3M ▲ +37.7%
Year Plans Participants Total Assets
2022 2 912 $50M
2023 2 905 $59M
2024 2 956 $68M

Nearby 401(k) Plans in Virginia

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

Industrial Turnaround Corporation 401(k)Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Industrial Turnaround Corporation 401(k)Plan, Total assets ($B): 0.050065018 · Participants: 452Industrial Turnaround Corporation 401(k)PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Industrial Turnaround Corporation 401(k)Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Industrial Turnaround Corporation 401(k)Plan side-by-side with 3 peers →

Industrial Turnaround Corporation 401(k)Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is The Smithers Group 401(k) Retirement Savings Plan in OH ($50M); by covered participants it is Vernon Memorial Healthcare Employees Pension & Savings Plan in WI (452 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($50M here).

Similar participant headcount

Nearest other-state filings by covered participants (452 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 Industrial Turnaround Corporation 401(k)Plan assets move in 2023? ▼
Industrial Turnaround Corporation 401(k)Plan grew sharply - up 16.5% during 2023, from $43M to $50M. Reported net income was $7M.
How have Industrial Turnaround Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Turnaround Corporation's sponsor-wide assets grew 37.7%, from $50M to $68M.
Where does Industrial Turnaround Corporation 401(k)Plan rank by assets among Form 5500 filers? ▼
Industrial Turnaround Corporation 401(k)Plan 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 Industrial Turnaround Corporation 401(k)Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Smithers Group 401(k) Retirement Savings Plan in OH ($50M, 406 participants).
Which 401(k) plans cover a similar participant headcount to Industrial Turnaround Corporation 401(k)Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vernon Memorial Healthcare Employees Pension & Savings Plan in WI (452 participants, $54M 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 541453225.

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.