Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF INNOVATION WORKS, INC.

Name: INNOVATION WORKS, INC. - 403(B) THRIFT PLAN FOR EMPLOYEES OF INNOVATION WORKS, INC. (2025) Form 5500
Creator: INNOVATION WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF INNOVATION WORKS, INC., INNOVATION WORKS, INC.

INNOVATION WORKS, INC.EIN 82-3417166Plan #001PY 2025

1400 GREENMOUNT AVE STE B01 - BALTIMORE, MD 212025684410-428-9867iwbmore.orgLinkedIn11-50 employeescivic & social organization

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$280K

+55.6% from 2024

Total participants

+5.9% from 2024

Average account balance

$16,452

+37.3% from 2024

Annual return

17.69%

-3.10 pp from 2024

Benchmarks

See 79,137 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort79,137 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$280K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$16K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.69%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$65

$4 / participant

Other / not subdivided$65100.0%

% of EOY assets

0.023%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,452

$172,111-90.4%

$150,298-89.1%

$137,256-88.0%

Participation rate

93.8%

81.7%+12.0pp

77.8%+16.0pp

80.0%+13.8pp

Annual return

17.69%

69.37%-51.7pp

62.79%-45.1pp

220.34%-202.7pp

Employer contribution / active EE

$1,849

$4,636-60.1%

$4,154-55.5%

$4,156-55.5%

Participant deferral / active EE

$2,413

$6,166-60.9%

$5,453-55.7%

$6,407-62.3%

Admin fee / account holder

$16,471-100.0%

$14,116-100.0%

$12,270-100.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF INNOVATION WORKS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF INNOVATION WORKS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion