401(k) · DOL Form 5500 · 2024

Innovative Machine Corporation 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
18
Participants Small participant base
37th
Percentile by assets National rank
$199,322
Avg per participant Above avg balance/head
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Official DOL plan name: Innovative Machine Corporation 401(k) Plan · Sponsored by Innovative Machine Corporation · Alabama · Manufacturing

$4M in assets, 18 participants

Innovative Machine Corporation's Innovative Machine Corporation 401(k) Plan reported $4M in total assets and 18 participants in its 2024 DOL Form 5500 filing, ranking in the 37th 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.

  • #3,536 in Manufacturing (17,777 peers)

Innovative Machine Corporation multi-year trail

Innovative Machine Corporation's plans moved +26.3% in assets from 2022 to 2024; this filing shows Innovative Machine Corporation 401(k) Plan at $4M / 18 participants.

#3,536
in Manufacturing (17,777 peers)
+0.3%
assets growth YoY

Innovative Machine Corporation 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Innovative Machine Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,587,787 37th percentile higher than 37% of 123,620 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 2024

Innovative Machine Corporation 401(k) Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovative Machine Corporation 401(k) Plan is a small filing (18 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Innovative Machine Corporation 401(k) Plan reported net income fell from $735K in the plan year 2023 filing to $11K in the plan year 2024 filing.
  • Innovative Machine Corporation 401(k) Plan reported participants rose from 17 in the plan year 2023 filing to 18 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 631195878 · Innovative Machine Corporation PY 2024 · 401(k)

Innovative Machine Corporation 401(k) Plan · $4M · 18 · 37th

  • BOY $4M
  • SCH 18
  • EBSA 37th
  • PART 401(k)
  • TYPE near Fagin Resources, Inc. Employees Profit Sharing Trust (Formerly American Diversified) Plan
  • NET ind #3536

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 Alabama →

Innovative Machine Corporation 401(k) Plan in the asset neighbourhood

Innovative Machine Corporation 401(k) PlanInnovative Machine Corporati…$4MFagin Resources, Inc. Employees Profit Sharing Trust (Formerly American Diversified) PlanFagin Resources, Inc. Employ…$4MLaw Office of Mark a. Kaire, P.a. Profit Sharing PlanLaw Office of Mark a. Kaire,…$4MArbor Housing & Development 401(k) Retirement PlanArbor Housing & Development …$4MBayside Solutions Inc 401(k) Profit Sharing Plan & TrustBayside Solutions Inc 401(k)…$4M
End-of-year total assets ($M) among Innovative Machine Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Innovative Machine Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Innovative Machine Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$4M 26.264372751178257% vs 2022
2024 filing year
$2.5M$3M$3.5M$4M 202220232024 $2.84M $3.59M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 20 $3M
2023 1 17 $4M
2024 1 18 $4M

Innovative Machine Corporation filing trail (2024)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income$11K
Employer EIN631195878
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

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

Innovative Machine Corporation 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Innovative Machine Corporation 401(k) Plan, Total assets ($B): 0.003587787 · Participants: 18Innovative Machine Corporation 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 3.197489981 · Participants: 20783Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.722944967 · Participants: 29454Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.651353194 · Participants: 4638Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.472398962 · Participants: 8628Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.234118844 · Participants: 6167Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Innovative Machine Corporation 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Innovative Machine Corporation 401(k) Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest 401(k) by assets is Fagin Resources, Inc. Employees Profit Sharing Trust (Formerly American Diversified) Plan in TX ($4M); by covered participants it is Berchwood Partners LLC 401 (K) Profit Sharing Plan & Trust in NY (18 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (18 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Innovative Machine Corporation 401(k) Plan assets move in 2024? ▼
Innovative Machine Corporation 401(k) Plan held essentially flat - up 0.3% during 2024, from $4M to $4M. Reported net income was $11K.
How have Innovative Machine Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovative Machine Corporation's sponsor-wide assets grew 26.3%, from $3M to $4M.
Which 401(k) plans are similar in size to Innovative Machine Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fagin Resources, Inc. Employees Profit Sharing Trust (Formerly American Diversified) Plan in TX ($4M, 3 participants).
Which 401(k) plans cover a similar participant headcount to Innovative Machine Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Berchwood Partners LLC 401 (K) Profit Sharing Plan & Trust in NY (18 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 631195878.

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.