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 Industries, Inc. 401(K) Plan And Trust is a benefit plan reported by Innovation Industries, Inc. under EIN 85-0217437 and plan number 001. The latest loaded filing year is 2023. The filing reports 283 participants and $25,281,538 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,281,538
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,281,538
- Net assets (BOY)
- $21,478,672
Income & contributions
- Employer contributions
- $563,572
- Participant contributions
- $1,315,753
- Total contributions
- $2,215,858
- Total income / additions
- $5,158,892
Expenses & distributions
- Benefits paid
- $1,335,195
- Administrative expenses
- $18,131
- Total expenses
- $1,356,026
- Net increase / (decrease)
- $3,802,866