Assets by plan
Share of aggregate retirement assets
Sponsor portfolio
INNOVANCE INC
EIN 41-0980946mechanical or industrial engineeringLatest filing 2025
Plans
3
Retirement
2
$91.8M assets
Welfare
1
$1.1M premiums
Participants
1,286
505 WEST FRONT STREET - ALBERT LEA, MN 56007507-377-8910innovance.comLinkedIn201-500 employeesmechanical or industrial engineering
Plans on this EIN
3 filingsRetirement portfolio analytics
2 plans aggregated / $91.8M assets / 912 participantsParticipants by plan
Active + retired + deferred vested
Benefits portfolio analytics
1 plan / $1.1M premiums / 374 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Health$815K
- Other$121K
- Life$114K
- Dental$106K
- Long-term disability$67K
- Vision$23K
Carrier market share
Premium dollars by Schedule A carrier
72%top
- BLUE CROSS OF CALIFORNIA72%
- UNITED OF OMAHA LIFE INSURANCE COMPANY17%
- METROPOLITAN LIFE INSURANCE COMPANY9%
- EYEMED VISION CARE2%
Broker market share
Schedule A broker compensation
69%top
- CHRISTENSEN GROUP INC69%
- HOLMES MURPHY & ASSOCIATES25%
- AVANT SPECIALTY BENEFITS LLC6%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#001
INNOVANCE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
ESOP
Assets$57.7M
Participants480
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
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Retirement#002
INNOVANCE, INC. 401(K) PLAN
401k
Assets$34.1M
Participants432
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
INNOVANCE INC WELFARE BENEFIT PLAN
Fully Insured - BCBS OF MINNESOTA
Premiums$1.1M
Covered lives374
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
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Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 001 | INNOVANCE, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST | ESOP | $57.7M | 480 | 2024 | |
| 002 | INNOVANCE, INC. 401(K) PLAN | 401k | $34.1M | 432 | 2024 |
Welfare plans1
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | INNOVANCE INC WELFARE BENEFIT PLAN | Fully Insured | BCBS OF MINNESOTA | $1.1M | 374 | 2025 |
Retirement plans
Welfare plans