401(k) · DOL Form 5500 · 2023

Innovate, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets: 120
Participants Small participant base: 61st
Percentile by assets National rank: $93,892
Avg per participant Below avg balance/head

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Official DOL plan name: Innovate!, Inc. Retirement Trust · Sponsored by Innovate, Inc. · Virginia · Professional & Technical Services

$11M in assets, 120 participants

Innovate, Inc.'s Innovate!, Inc. Retirement Trust reported $11M in total assets and 120 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.

#12,208 in Professional & Technical Services (20,321 peers)

Coverage in Virginia

Innovate!, Inc. Retirement Trust covers 120 participants in Virginia, about 15% of the average Virginia filer (state average ~782 per filing). Assets: $11M.

#12,208
in Professional & Technical Services (20,321 peers): +16.4%
assets growth YoY

Innovate!, Inc. Retirement Trust's mid-pack asset rank among Professional & Technical Services and all filers

Innovate!, Inc. Retirement Trust vs every filed plan by assets

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

$11,267,076 Top 39% higher than 61% 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

Innovate!, Inc. Retirement 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. Innovate!, Inc. Retirement Trust sits mid-pack in the medium band (120 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%)

Innovate!, Inc. Retirement Trust reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
Innovate!, Inc. Retirement Trust end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 010700529 · Innovate, Inc. PY 2023 · 401(k)

Innovate!, Inc. Retirement Trust · $11M · 120 · 61st

PCT $11M
EIN 120
RANK 61st
PHOTO 401(k)
IND near Ssbcc 401 (K) Plan
EOY ind #12208

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 Innovate!, Inc. Retirement Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)	$10M
Net Assets (End of Year)	$11M
Net Income	$2M
Employer EIN	010700529
Plan Effective Date	2009-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Innovate, Inc.)

Latest sponsor-wide plan assets: $13M 29.401215103189532% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	120	$10M
2023	1	120	$11M
2024	1	87	$13M

Nearby 401(k) Plans in Virginia

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

Innovate!, Inc. Retirement Trust 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 Innovate!, Inc. Retirement Trust side-by-side with 3 peers →

Innovate!, Inc. Retirement Trust's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Ssbcc 401 (K) Plan in SC ($11M); by covered participants it is Southgroup 401(k) Plan in MS (120 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Ssbcc 401 (K) Plan (SC) $11M · 33
Alsip Minimill, LLC 401(k) Savings Plan (IL) $11M · 128
Biscuitville 401(k) Plan (NC) $11M · 1,720
Welch Senior Living, LLC Savings Plan (MA) $11M · 425

Similar participant headcount

Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.

Southgroup 401(k) Plan (MS) 120 · 0 off
Southwest Hazard Control, Inc. Employees' Savings and Profit Sharing Plan (AZ) 120 · 0 off
Sloat Garden Center, Inc. Profit Sharing Plan (CA) 120 · 0 off
C S T & T Co. 401(k) Plan (NY) 120 · 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 Innovate!, Inc. Retirement Trust assets move in 2023? ▼

Innovate!, Inc. Retirement Trust grew sharply - up 16.4% during 2023, from $10M to $11M. Reported net income was $2M.

How have Innovate, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Innovate, Inc.'s sponsor-wide assets grew 29.4%, from $10M to $13M.

Which 401(k) plans are similar in size to Innovate!, Inc. Retirement Trust? ▼

Among 401(k) plans in other states, the closest by assets is Ssbcc 401 (K) Plan in SC ($11M, 33 participants).

Which 401(k) plans cover a similar participant headcount to Innovate!, Inc. Retirement Trust? ▼

Among 401(k) plans in other states, the closest by covered participants is Southgroup 401(k) Plan in MS (120 participants, $13M 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 010700529.