Civic Intelligence

Innovative Tool Inc

Plan context: Innovative Tool Inc. 401K & Profit Sharing Plan

EIN 32-0096618 • Chesterfield, MI • 21 filings • 2 plans

28195 KehrigChesterfield, MI 48047
Current Snapshot

Latest Year

2025

2025 Participants

37

2025 Assets

$2,797,002

2025 Contributions

$182,006

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,797,002$1,398,501$0200520152025YearValue
$2,797,002Latest year 2025

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

37190200520152025YearValue
37Latest year 2025

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2025137$2,797,002$182,006$4,919iApproximate average salary by contribution assumption: employee only about $122,977 at 4% or $81,985 at 6%; with 50% employer match about $81,985 at 4% or $54,656 at 6%; with 100% employer match about $61,489 at 4% or $40,992 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-37$2,797,002$182,006$4,919iApproximate average salary by contribution assumption: employee only about $122,977 at 4% or $81,985 at 6%; with 50% employer match about $81,985 at 4% or $54,656 at 6%; with 100% employer match about $61,489 at 4% or $40,992 at 6%.
2024134$2,391,054$350,328$10,304iApproximate average salary by contribution assumption: employee only about $257,594 at 4% or $171,729 at 6%; with 50% employer match about $171,729 at 4% or $114,486 at 6%; with 100% employer match about $128,797 at 4% or $85,865 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-34$2,391,054$350,328$10,304iApproximate average salary by contribution assumption: employee only about $257,594 at 4% or $171,729 at 6%; with 50% employer match about $171,729 at 4% or $114,486 at 6%; with 100% employer match about $128,797 at 4% or $85,865 at 6%.
2023132$1,922,138$176,900$5,528iApproximate average salary by contribution assumption: employee only about $138,203 at 4% or $92,135 at 6%; with 50% employer match about $92,135 at 4% or $61,424 at 6%; with 100% employer match about $69,102 at 4% or $46,068 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-32$1,922,138$176,900$5,528iApproximate average salary by contribution assumption: employee only about $138,203 at 4% or $92,135 at 6%; with 50% employer match about $92,135 at 4% or $61,424 at 6%; with 100% employer match about $69,102 at 4% or $46,068 at 6%.
2022132$1,521,550$158,372$4,949iApproximate average salary by contribution assumption: employee only about $123,728 at 4% or $82,485 at 6%; with 50% employer match about $82,485 at 4% or $54,990 at 6%; with 100% employer match about $61,864 at 4% or $41,243 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-32$1,521,550$158,372$4,949iApproximate average salary by contribution assumption: employee only about $123,728 at 4% or $82,485 at 6%; with 50% employer match about $82,485 at 4% or $54,990 at 6%; with 100% employer match about $61,864 at 4% or $41,243 at 6%.
2021126$1,739,021$151,758$5,837iApproximate average salary by contribution assumption: employee only about $145,921 at 4% or $97,281 at 6%; with 50% employer match about $97,281 at 4% or $64,854 at 6%; with 100% employer match about $72,961 at 4% or $48,640 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-26$1,739,021$151,758$5,837iApproximate average salary by contribution assumption: employee only about $145,921 at 4% or $97,281 at 6%; with 50% employer match about $97,281 at 4% or $64,854 at 6%; with 100% employer match about $72,961 at 4% or $48,640 at 6%.
2020131$1,394,973$125,738$4,056iApproximate average salary by contribution assumption: employee only about $101,402 at 4% or $67,601 at 6%; with 50% employer match about $67,601 at 4% or $45,067 at 6%; with 100% employer match about $50,701 at 4% or $33,801 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-31$1,394,973$125,738$4,056iApproximate average salary by contribution assumption: employee only about $101,402 at 4% or $67,601 at 6%; with 50% employer match about $67,601 at 4% or $45,067 at 6%; with 100% employer match about $50,701 at 4% or $33,801 at 6%.
2019128$945,680$127,152$4,541iApproximate average salary by contribution assumption: employee only about $113,529 at 4% or $75,686 at 6%; with 50% employer match about $75,686 at 4% or $50,457 at 6%; with 100% employer match about $56,764 at 4% or $37,843 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-28$945,680$127,152$4,541iApproximate average salary by contribution assumption: employee only about $113,529 at 4% or $75,686 at 6%; with 50% employer match about $75,686 at 4% or $50,457 at 6%; with 100% employer match about $56,764 at 4% or $37,843 at 6%.
2018119$1,039,212$94,511$4,974iApproximate average salary by contribution assumption: employee only about $124,357 at 4% or $82,904 at 6%; with 50% employer match about $82,904 at 4% or $55,270 at 6%; with 100% employer match about $62,178 at 4% or $41,452 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-19$1,039,212$94,511$4,974iApproximate average salary by contribution assumption: employee only about $124,357 at 4% or $82,904 at 6%; with 50% employer match about $82,904 at 4% or $55,270 at 6%; with 100% employer match about $62,178 at 4% or $41,452 at 6%.
2017116$1,018,645$117,514$7,345iApproximate average salary by contribution assumption: employee only about $183,616 at 4% or $122,410 at 6%; with 50% employer match about $122,410 at 4% or $81,607 at 6%; with 100% employer match about $91,808 at 4% or $61,205 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-16$1,018,645$117,514$7,345iApproximate average salary by contribution assumption: employee only about $183,616 at 4% or $122,410 at 6%; with 50% employer match about $122,410 at 4% or $81,607 at 6%; with 100% employer match about $91,808 at 4% or $61,205 at 6%.
2016121$885,620$118,377$5,637iApproximate average salary by contribution assumption: employee only about $140,925 at 4% or $93,950 at 6%; with 50% employer match about $93,950 at 4% or $62,633 at 6%; with 100% employer match about $70,463 at 4% or $46,975 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-21$885,620$118,377$5,637iApproximate average salary by contribution assumption: employee only about $140,925 at 4% or $93,950 at 6%; with 50% employer match about $93,950 at 4% or $62,633 at 6%; with 100% employer match about $70,463 at 4% or $46,975 at 6%.
2015117$730,596$109,379$6,434iApproximate average salary by contribution assumption: employee only about $160,851 at 4% or $107,234 at 6%; with 50% employer match about $107,234 at 4% or $71,490 at 6%; with 100% employer match about $80,426 at 4% or $53,617 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-17$730,596$109,379$6,434iApproximate average salary by contribution assumption: employee only about $160,851 at 4% or $107,234 at 6%; with 50% employer match about $107,234 at 4% or $71,490 at 6%; with 100% employer match about $80,426 at 4% or $53,617 at 6%.
2014117$656,972$90,806$5,342iApproximate average salary by contribution assumption: employee only about $133,538 at 4% or $89,025 at 6%; with 50% employer match about $89,025 at 4% or $59,350 at 6%; with 100% employer match about $66,769 at 4% or $44,513 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-17$656,972$90,806$5,342iApproximate average salary by contribution assumption: employee only about $133,538 at 4% or $89,025 at 6%; with 50% employer match about $89,025 at 4% or $59,350 at 6%; with 100% employer match about $66,769 at 4% or $44,513 at 6%.
2013115$559,925$112,332$7,489iApproximate average salary by contribution assumption: employee only about $187,220 at 4% or $124,813 at 6%; with 50% employer match about $124,813 at 4% or $83,209 at 6%; with 100% employer match about $93,610 at 4% or $62,407 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-15$559,925$112,332$7,489iApproximate average salary by contribution assumption: employee only about $187,220 at 4% or $124,813 at 6%; with 50% employer match about $124,813 at 4% or $83,209 at 6%; with 100% employer match about $93,610 at 4% or $62,407 at 6%.
2012110$386,536$72,138$7,214iApproximate average salary by contribution assumption: employee only about $180,345 at 4% or $120,230 at 6%; with 50% employer match about $120,230 at 4% or $80,153 at 6%; with 100% employer match about $90,173 at 4% or $60,115 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-10$386,536$72,138$7,214iApproximate average salary by contribution assumption: employee only about $180,345 at 4% or $120,230 at 6%; with 50% employer match about $120,230 at 4% or $80,153 at 6%; with 100% employer match about $90,173 at 4% or $60,115 at 6%.
2011111$315,837$69,559$6,324iApproximate average salary by contribution assumption: employee only about $158,089 at 4% or $105,392 at 6%; with 50% employer match about $105,392 at 4% or $70,262 at 6%; with 100% employer match about $79,044 at 4% or $52,696 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-11$315,837$69,559$6,324iApproximate average salary by contribution assumption: employee only about $158,089 at 4% or $105,392 at 6%; with 50% employer match about $105,392 at 4% or $70,262 at 6%; with 100% employer match about $79,044 at 4% or $52,696 at 6%.
201019$246,694$18,003$2,000iApproximate average salary by contribution assumption: employee only about $50,008 at 4% or $33,339 at 6%; with 50% employer match about $33,339 at 4% or $22,226 at 6%; with 100% employer match about $25,004 at 4% or $16,669 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-9$246,694$18,003$2,000iApproximate average salary by contribution assumption: employee only about $50,008 at 4% or $33,339 at 6%; with 50% employer match about $33,339 at 4% or $22,226 at 6%; with 100% employer match about $25,004 at 4% or $16,669 at 6%.
200918$224,301$27,421$3,428iApproximate average salary by contribution assumption: employee only about $85,691 at 4% or $57,127 at 6%; with 50% employer match about $57,127 at 4% or $38,085 at 6%; with 100% employer match about $42,845 at 4% or $28,564 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-8$224,301$27,421$3,428iApproximate average salary by contribution assumption: employee only about $85,691 at 4% or $57,127 at 6%; with 50% employer match about $57,127 at 4% or $38,085 at 6%; with 100% employer match about $42,845 at 4% or $28,564 at 6%.
200818$195,150$59,031$7,379iApproximate average salary by contribution assumption: employee only about $184,472 at 4% or $122,981 at 6%; with 50% employer match about $122,981 at 4% or $81,988 at 6%; with 100% employer match about $92,236 at 4% or $61,491 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-8$195,150$59,031$7,379iApproximate average salary by contribution assumption: employee only about $184,472 at 4% or $122,981 at 6%; with 50% employer match about $122,981 at 4% or $81,988 at 6%; with 100% employer match about $92,236 at 4% or $61,491 at 6%.
200717$174,120$56,775$8,111iApproximate average salary by contribution assumption: employee only about $202,768 at 4% or $135,179 at 6%; with 50% employer match about $135,179 at 4% or $90,119 at 6%; with 100% employer match about $101,384 at 4% or $67,589 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-7$174,120$56,775$8,111iApproximate average salary by contribution assumption: employee only about $202,768 at 4% or $135,179 at 6%; with 50% employer match about $135,179 at 4% or $90,119 at 6%; with 100% employer match about $101,384 at 4% or $67,589 at 6%.
200616$112,639$89,459$14,910iApproximate average salary by contribution assumption: employee only about $372,746 at 4% or $248,497 at 6%; with 50% employer match about $248,497 at 4% or $165,665 at 6%; with 100% employer match about $186,373 at 4% or $124,249 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-6$112,639$89,459$14,910iApproximate average salary by contribution assumption: employee only about $372,746 at 4% or $248,497 at 6%; with 50% employer match about $248,497 at 4% or $165,665 at 6%; with 100% employer match about $186,373 at 4% or $124,249 at 6%.
200514$19,078$18,436$4,609iApproximate average salary by contribution assumption: employee only about $115,225 at 4% or $76,817 at 6%; with 50% employer match about $76,817 at 4% or $51,211 at 6%; with 100% employer match about $57,613 at 4% or $38,408 at 6%.
Innovative Tool Inc. 401K & Profit Sharing Plan-4$19,078$18,436$4,609iApproximate average salary by contribution assumption: employee only about $115,225 at 4% or $76,817 at 6%; with 50% employer match about $76,817 at 4% or $51,211 at 6%; with 100% employer match about $57,613 at 4% or $38,408 at 6%.