Innovance, Inc. 401(K) Plan — Form 5500 plan (Innovance, 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, Innovance, Inc. 401(K) Plan is a benefit plan reported by Innovance, Inc. under EIN 41-0980946 and plan number 002. The latest loaded filing year is 2023. The filing reports 481 participants and $30,852,754 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Innovance, Inc.
- EIN
- 41-0980946
- Plan number
- 002
- Plan type
- 2
- Location
- Albert Lea, MN
- Latest filing year
- 2023
- Participants
- 481
- End-of-year plan assets
- $30,852,754
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 481 | H, C | 20240930085445NAL0009092544001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,852,754
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $30,852,754
- Net assets (BOY)
- $28,120,943
Income & contributions
- Participant contributions
- $1,339,810
- Total contributions
- $2,027,889
- Total income / additions
- $7,004,479
Expenses & distributions
- Benefits paid
- $4,264,656
- Administrative expenses
- $91,701
- Total expenses
- $4,359,570
- Net increase / (decrease)
- $2,644,909
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $52,105 | $0 | 2023 |
| Intellicents Investment Solutions | INVESTMENT ADVISORY | $39,596 | $83 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Innovance, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Albert Lea, MN
- Principal Life Insurance Company — Schedule C compensation
- Intellicents Investment Solutions — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation