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 First International 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Innovation First International, Inc. under EIN 27-1530354 and plan number 003. The latest loaded filing year is 2023. The filing reports 247 participants and $20,849,556 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,849,556
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,849,556
- Net assets (BOY)
- $17,302,480
Income & contributions
- Employer contributions
- $495,779
- Participant contributions
- $1,136,316
- Total contributions
- $1,650,241
- Total income / additions
- $5,548,752
Expenses & distributions
- Benefits paid
- $1,995,392
- Administrative expenses
- $6,284
- Total expenses
- $2,001,676
- Net increase / (decrease)
- $3,547,076