Innovation Associates 401(K) — Form 5500 plan (Innovation Associates, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Innovation Associates 401(K) is a benefit plan reported by Innovation Associates, Inc. under EIN 16-1240697 and plan number 001. The latest loaded filing year is 2023. The filing reports 653 participants and $20,997,794 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Innovation Associates, Inc.
- EIN
- 16-1240697
- Plan number
- 001
- Plan type
- 2
- Location
- Johnson City, NY
- Latest filing year
- 2023
- Participants
- 653
- End-of-year plan assets
- $20,997,794
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 653 | H, C | 20241015093804NAL0047222864001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,997,794
- Total liabilities (EOY)
- $179
- Net assets (EOY)
- $20,997,615
- Net assets (BOY)
- $13,804,939
Income & contributions
- Employer contributions
- $1,210,144
- Participant contributions
- $3,588,117
- Total contributions
- $5,397,208
- Total income / additions
- $8,644,154
Expenses & distributions
- Benefits paid
- $1,403,439
- Administrative expenses
- $47,861
- Total expenses
- $1,451,478
- Net increase / (decrease)
- $7,192,676
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Resources Investment Advisors, LLC | NONE | $36,000 | not reported in the loaded dataset | 2023 |
| Nbt Bank, N.A. | NONE | $11,868 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Company | NONE | $0 | $5,360 | 2023 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 | 2023 |
| Epic Retirement Plan Services | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Innovation Associates, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Johnson City, NY
- Resources Investment Advisors, LLC — Schedule C compensation
- Nbt Bank, N.A. — Schedule C compensation
- Charles Schwab Trust Company — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation
- Epic Retirement Plan Services — Schedule C compensation