2023 Form 5500 filing — Innovation Associates 401(K)
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015093804NAL0047222864001) for Innovation Associates 401(K), reported by Innovation Associates, Inc. under EIN 16-1240697 and plan number 001. It reports 653 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015093804NAL0047222864001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Innovation Associates, Inc.
- EIN
- 16-1240697
- Plan number
- 001
- Location
- Johnson City, NY
- Participants
- 653
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,997,794
- Total liabilities (EOY)
- $179
- Net assets (EOY)
- $20,997,615
- Employer contributions
- $1,210,144
- Participant contributions
- $3,588,117
- Total income / additions
- $8,644,154
- Benefits paid
- $1,403,439
- Administrative expenses
- $47,861
- Total expenses
- $1,451,478
- Net increase / (decrease)
- $7,192,676
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Resources Investment Advisors, LLC | NONE | $36,000 | not reported in the loaded dataset |
| Nbt Bank, N.A. | NONE | $11,868 | not reported in the loaded dataset |
| Charles Schwab Trust Company | NONE | $0 | $5,360 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 |
| Epic Retirement Plan Services | NONE | $0 | $0 |