401(k) · DOL Form 5500 · 2023

Innovations for Poverty Action 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
92
Participants Small participant base
52nd
Percentile by assets National rank
$78,140
Avg per participant Below avg balance/head
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Official DOL plan name: Innovations for Poverty Action 401(k) Profit Sharing Plan · Sponsored by Innovations for Poverty Action · New York · Other Services

$7M in assets, 92 participants

Innovations for Poverty Action's Innovations for Poverty Action 401(k) Profit Sharing Plan reported $7M in total assets and 92 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #5,617 in Other Services (7,857 peers)

Innovations for Poverty Action multi-year trail

Innovations for Poverty Action's plans moved +66.5% in assets from 2022 to 2024; this filing shows Innovations for Poverty Action 401(k) Profit Sharing Plan at $7M / 92 participants.

#5,617
in Other Services (7,857 peers)
+30.6%
assets growth YoY

Innovations for Poverty Action 401(k) Profit Sharing Plan's mid-pack asset rank among Other Services and all filers

Innovations for Poverty Action 401(k) Profit Sharing Plan vs every filed plan by assets

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

$7,188,839 Top 48% higher than 52% 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

Innovations for Poverty Action 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovations for Poverty Action 401(k) Profit Sharing Plan is a small filing (92 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innovations for Poverty Action 401(k) Profit Sharing Plan reported net income rose from -$690K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Innovations for Poverty Action 401(k) Profit Sharing Plan end-of-year assets rose from $6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Innovations for Poverty Action 401(k) Profit Sharing Plan reported participants fell from 97 in the plan year 2022 filing to 92 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 061660068 · Innovations for Poverty Action PY 2023 · 401(k)

Innovations for Poverty Action 401(k) Profit Sharing Plan · $7M · 92 · 52nd

  • EIN $7M
  • EIN 92
  • EIN 52nd
  • EIN 401(k)
  • EIN near Fmb Bancshares, Inc. Retirement Savings Plan
  • EIN ind #5617

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 Other Services retirement plans → · Plans in New York →

Innovations for Poverty Action 401(k) Profit Sharing Plan in the asset neighbourhood

Innovations for Poverty Action 401(k) Profit Sharing PlanInnovations for Poverty Acti…$7MFmb Bancshares, Inc. Retirement Savings PlanFmb Bancshares, Inc. Retirem…$7MChenmark Retirement Savings 401(k) PlanChenmark Retirement Savings …$7MCenter for School Crisis Intervention and Assessment, Inc. 401(k) Retirement PlanCenter for School Crisis Int…$7MBehavioral Development & Educational Services, LLC Retirement PlanBehavioral Development & Edu…$7M
End-of-year total assets ($M) among Innovations for Poverty Action 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Innovations for Poverty Action multi-year asset trail

Sponsor-wide plan assets over time

All Innovations for Poverty Action plans reported in each filing year

Latest sponsor-wide plan assets
$9M 66.52603768004141% vs 2022
2024 filing year
$4M$6M$8M$10M 202220232024 $5.5M $9.17M ▲ +66.7%
Year Plans Participants Total Assets
2022 1 97 $6M
2023 1 92 $7M
2024 1 92 $9M

Innovations for Poverty Action filing trail (2023)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$7M
Net Income$2M
Employer EIN061660068
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in New York

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

Innovations for Poverty Action 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Innovations for Poverty Action 401(k) Profit Sharing Plan, Total assets ($B): 0.007188839 · Participants: 92Innovations for Poverty Action 401(k) Profit Sharing PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Innovations for Poverty Action 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Innovations for Poverty Action 401(k) Profit Sharing Plan side-by-side with 3 peers →

Innovations for Poverty Action 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Fmb Bancshares, Inc. Retirement Savings Plan in GA ($7M); by covered participants it is Melanson, P.C. 401(k) Plan in NH (92 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (92 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 Innovations for Poverty Action 401(k) Profit Sharing Plan assets move in 2023? ▼
Innovations for Poverty Action 401(k) Profit Sharing Plan surged - up 30.6% during 2023, from $6M to $7M. Reported net income was $2M.
How have Innovations for Poverty Action plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovations for Poverty Action's sponsor-wide assets grew 66.5%, from $6M to $9M.
Which 401(k) plans are similar in size to Innovations for Poverty Action 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fmb Bancshares, Inc. Retirement Savings Plan in GA ($7M, 117 participants).
Which 401(k) plans cover a similar participant headcount to Innovations for Poverty Action 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Melanson, P.C. 401(k) Plan in NH (92 participants, N/A 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 061660068.

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.