401(k) · DOL Form 5500 · 2024

Innovate, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
87
Participants Small participant base
61st
Percentile by assets National rank
$143,941
Avg per participant Near avg balance/head
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Official DOL plan name: Innovate!, Inc. Retirement Trust · Sponsored by Innovate, Inc. · Virginia · Professional & Technical Services

$13M in assets, 87 participants

Innovate, Inc.'s Innovate!, Inc. Retirement Trust reported $13M in total assets and 87 participants in its 2024 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.

  • #11,955 in Professional & Technical Services (20,173 peers)

Innovate, Inc. multi-year trail

Innovate, Inc.'s plans moved +29.4% in assets from 2022 to 2024; this filing shows Innovate!, Inc. Retirement Trust at $13M / 87 participants.

#11,955
in Professional & Technical Services (20,173 peers)
+11.1%
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 2024 · DOL Form 5500

$12,522,844 Top 39% higher than 61% 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

Innovate!, Inc. Retirement Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovate!, Inc. Retirement Trust is a small filing (87 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Innovate!, Inc. Retirement Trust reported participants fell from 120 in the plan year 2023 filing to 87 in the plan year 2024 filing.
  • Innovate!, Inc. Retirement Trust reported net income fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Innovate!, Inc. Retirement Trust end-of-year assets rose from $11M in the plan year 2023 filing to $13M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 010700529 · Innovate, Inc. PY 2024 · 401(k)

Innovate!, Inc. Retirement Trust · $13M · 87 · 61st

  • IND $13M
  • IND 87
  • IND 61st
  • IND 401(k)
  • IND near Pritel, Inc 401(k) and Profit Sharing Plan
  • IND ind #11955

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 →

Innovate!, Inc. Retirement Trust in the asset neighbourhood

Innovate!, Inc. Retirement TrustInnovate!, Inc. Retirement T…$13MPritel, Inc 401(k) and Profit Sharing PlanPritel, Inc 401(k) and Profi…$13MTire Wholesalers Company LLC 401(k) PlanTire Wholesalers Company LLC…$13MThe Levy Group, Inc. 401(k) PlanThe Levy Group, Inc. 401(k) …$13MSolari, Inc. 401(k) Plan$13M
End-of-year total assets ($M) among Innovate!, Inc. Retirement Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Innovate, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Innovate, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 29.401215103189532% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $9.68M $12.5M ▲ +29.3%
Year Plans Participants Total Assets
2022 1 120 $10M
2023 1 120 $11M
2024 1 87 $13M

Innovate, Inc. filing trail (2024)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$1M
Employer EIN010700529
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

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 Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Innovate!, Inc. Retirement Trust, Total assets ($B): 0.012522844 · Participants: 87Innovate!, Inc. Retirement TrustNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Innovate!, Inc. Retirement Trust vs. nearby 401(k) plans in Virginia, assets vs. participants
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 Pritel, Inc 401(k) and Profit Sharing Plan in IL ($13M); by covered participants it is Vian Enterprises 401(k) Profit Sharing Plan & Trust in CA (87 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (87 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 Innovate!, Inc. Retirement Trust assets move in 2024? ▼
Innovate!, Inc. Retirement Trust grew at a solid clip - up 11.1% during 2024, from $11M to $13M. Reported net income was $1M.
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 Pritel, Inc 401(k) and Profit Sharing Plan in IL ($13M, 7 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 Vian Enterprises 401(k) Profit Sharing Plan & Trust in CA (87 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 010700529.

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.