401(k) · DOL Form 5500 · 2024

Innovance, Inc. 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
395
Participants Below avg headcount
79th
Percentile by assets National rank
$86,250
Avg per participant Below avg balance/head
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Official DOL plan name: Innovance, Inc. 401(k) Plan · Sponsored by Innovance, Inc. · Minnesota · Manufacturing

$34M in assets, 395 participants

Innovance, Inc.'s Innovance, Inc. 401(k) Plan reported $34M in total assets and 395 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #12,656 in Manufacturing (17,777 peers)

Coverage in Minnesota

Innovance, Inc. 401(k) Plan covers 395 participants in Minnesota, about 35% of the average Minnesota filer (state average ~1,126 per filing). Assets: $34M.

#12,656
in Manufacturing (17,777 peers)
+10.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Innovance, Inc. 401(k) Plan's outsized position by total assets

Innovance, Inc. 401(k) Plan vs every filed plan by assets

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

$34,068,790 Top 21% higher than 79% 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

Innovance, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovance, Inc. 401(k) Plan sits mid-pack in the medium band (395 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Innovance, Inc. 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Innovance, Inc. 401(k) Plan end-of-year assets rose from $31M in the plan year 2023 filing to $34M in the plan year 2024 filing.
  • Innovance, Inc. 401(k) Plan reported participants fell from 417 in the plan year 2023 filing to 395 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 410980946 · Innovance, Inc. PY 2024 · 401(k)

Innovance, Inc. 401(k) Plan · $34M · 395 · 79th

  • SCH $34M
  • SCH 395
  • SCH 79th
  • SCH 401(k)
  • SCH near The Tri-State Truck Center, Inc. 401(k) Retirement Plan
  • SCH ind #12656

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 Minnesota →

Innovance, Inc. 401(k) Plan in the asset neighbourhood

Planters Bank and Trust Company 401(k) Retirement PlanPlanters Bank and Trust Comp…$34MInnovance, Inc. 401(k) Plan$34MThe Tri-State Truck Center, Inc. 401(k) Retirement PlanThe Tri-State Truck Center, …$34MAlpha Media LLC 401(k) Retirement PlanAlpha Media LLC 401(k) Retir…$34MHawkins Ash Cpas, LLP Retirement PlanHawkins Ash Cpas, LLP Retire…$34M
End-of-year total assets ($M) among Innovance, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$34M
Net Income$3M
Employer EIN410980946
Plan Effective Date1976-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovance, Inc.)

Sponsor-wide plan assets over time

All Innovance, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$92M 11.714442288446552% vs 2022
2024 filing year
$80M$85M$90M$95M 202220232024 $82.2M $91.8M ▲ +11.7%
Year Plans Participants Total Assets
2022 2 772 $82M
2023 2 806 $86M
2024 2 780 $92M

Nearby 401(k) Plans in Minnesota

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

Innovance, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Innovance, Inc. 401(k) Plan, Total assets ($B): 0.03406879 · Participants: 395Innovance, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Innovance, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Innovance, Inc. 401(k) Plan side-by-side with 3 peers →

Innovance, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is The Tri-State Truck Center, Inc. 401(k) Retirement Plan in TN ($34M); by covered participants it is James a. Scott & Son, Inc. Retirement Savings Plan in VA (395 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (395 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 Innovance, Inc. 401(k) Plan assets move in 2024? ▼
Innovance, Inc. 401(k) Plan grew at a solid clip - up 10.4% during 2024, from $31M to $34M. Reported net income was $3M.
How have Innovance, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovance, Inc.'s sponsor-wide assets grew 11.7%, from $82M to $92M.
Where does Innovance, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Innovance, Inc. 401(k) Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Innovance, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Tri-State Truck Center, Inc. 401(k) Retirement Plan in TN ($34M, 328 participants).
Which 401(k) plans cover a similar participant headcount to Innovance, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is James a. Scott & Son, Inc. Retirement Savings Plan in VA (395 participants, $24M 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 410980946.

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.