Civic Intelligence

Lou-Rich Inc.

Plan context: Lou-Rich Inc. Employee Stock Ownership Plan and Trust

EIN 41-0980946 • Albert Lea, MN • 74 filings • 10 plans

505 W Front StAlbert Lea, MN 56007-2751
Current Snapshot

Latest Year

2024

2024 Participants

433

2024 Assets

$91,785,675

2024 Contributions

$3,595,714

Historical Graphs

Total Assets Over Time

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

$91,785,675$45,892,838$0199920122024YearValue
$91,785,675Latest year 2024

Participants Over Time

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

4402200199920122024YearValue
433Latest year 2024

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
20243433$91,785,675$3,595,714$8,304iApproximate average salary by contribution assumption: employee only about $207,605 at 4% or $138,403 at 6%; with 50% employer match about $138,403 at 4% or $92,269 at 6%; with 100% employer match about $103,802 at 4% or $69,202 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-433$57,716,885$481,857$1,113iApproximate average salary by contribution assumption: employee only about $27,821 at 4% or $18,547 at 6%; with 50% employer match about $18,547 at 4% or $12,365 at 6%; with 100% employer match about $13,910 at 4% or $9,274 at 6%.
Innovance Inc. 401(K) Plan-377$34,068,790$3,113,857$8,260iApproximate average salary by contribution assumption: employee only about $206,489 at 4% or $137,659 at 6%; with 50% employer match about $137,659 at 4% or $91,773 at 6%; with 100% employer match about $103,245 at 4% or $68,830 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-411---
20233409$85,673,019$2,619,245$6,404iApproximate average salary by contribution assumption: employee only about $160,101 at 4% or $106,734 at 6%; with 50% employer match about $106,734 at 4% or $71,156 at 6%; with 100% employer match about $80,050 at 4% or $53,367 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-383$54,820,265$591,356$1,544iApproximate average salary by contribution assumption: employee only about $38,600 at 4% or $25,734 at 6%; with 50% employer match about $25,734 at 4% or $17,156 at 6%; with 100% employer match about $19,300 at 4% or $12,867 at 6%.
Innovance Inc. 401(K) Plan-394$30,852,754$2,027,889$5,147iApproximate average salary by contribution assumption: employee only about $128,673 at 4% or $85,782 at 6%; with 50% employer match about $85,782 at 4% or $57,188 at 6%; with 100% employer match about $64,337 at 4% or $42,891 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-409---
20224440$82,160,975$1,334,183$3,032iApproximate average salary by contribution assumption: employee only about $75,806 at 4% or $50,537 at 6%; with 50% employer match about $50,537 at 4% or $33,691 at 6%; with 100% employer match about $37,903 at 4% or $25,269 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-389$54,040,032$170,163$437iApproximate average salary by contribution assumption: employee only about $10,936 at 4% or $7,291 at 6%; with 50% employer match about $7,291 at 4% or $4,860 at 6%; with 100% employer match about $5,468 at 4% or $3,645 at 6%.
Innovance Inc. 401(K) Plan-416$28,120,943$1,164,020$2,798iApproximate average salary by contribution assumption: employee only about $69,953 at 4% or $46,635 at 6%; with 50% employer match about $46,635 at 4% or $31,090 at 6%; with 100% employer match about $34,977 at 4% or $23,318 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-440---
Innovance Inc. Salary Reduction Plan-106---
20214413$84,101,419$1,296,431$3,139iApproximate average salary by contribution assumption: employee only about $78,476 at 4% or $52,318 at 6%; with 50% employer match about $52,318 at 4% or $34,878 at 6%; with 100% employer match about $39,238 at 4% or $26,159 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-374$49,590,781$224,577$600iApproximate average salary by contribution assumption: employee only about $15,012 at 4% or $10,008 at 6%; with 50% employer match about $10,008 at 4% or $6,672 at 6%; with 100% employer match about $7,506 at 4% or $5,004 at 6%.
Innovance Inc. 401(K) Plan-388$34,510,638$1,071,854$2,763iApproximate average salary by contribution assumption: employee only about $69,063 at 4% or $46,042 at 6%; with 50% employer match about $46,042 at 4% or $30,695 at 6%; with 100% employer match about $34,531 at 4% or $23,021 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-413---
Innovance Inc. Salary Reduction Plan-113---
20203411$69,158,499$1,559,783$3,795iApproximate average salary by contribution assumption: employee only about $94,877 at 4% or $63,252 at 6%; with 50% employer match about $63,252 at 4% or $42,168 at 6%; with 100% employer match about $47,439 at 4% or $31,626 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-354$69,158,499$1,559,783$4,406iApproximate average salary by contribution assumption: employee only about $110,154 at 4% or $73,436 at 6%; with 50% employer match about $73,436 at 4% or $48,957 at 6%; with 100% employer match about $55,077 at 4% or $36,718 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-411---
Innovance Inc. Salary Reduction Plan-112---
20193403$59,245,745$1,845,981$4,581iApproximate average salary by contribution assumption: employee only about $114,515 at 4% or $76,343 at 6%; with 50% employer match about $76,343 at 4% or $50,896 at 6%; with 100% employer match about $57,257 at 4% or $38,172 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-384$59,245,745$1,845,981$4,807iApproximate average salary by contribution assumption: employee only about $120,181 at 4% or $80,121 at 6%; with 50% employer match about $80,121 at 4% or $53,414 at 6%; with 100% employer match about $60,091 at 4% or $40,060 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-403---
Innovance Inc. Salary Reduction Plan-130---
20183388$49,536,035$1,382,340$3,563iApproximate average salary by contribution assumption: employee only about $89,068 at 4% or $59,379 at 6%; with 50% employer match about $59,379 at 4% or $39,586 at 6%; with 100% employer match about $44,534 at 4% or $29,689 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-369$49,536,035$1,382,340$3,746iApproximate average salary by contribution assumption: employee only about $93,654 at 4% or $62,436 at 6%; with 50% employer match about $62,436 at 4% or $41,624 at 6%; with 100% employer match about $46,827 at 4% or $31,218 at 6%.
Innovance Inc. Salary Reduction Plan-135---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-388---
20173384$45,653,939$1,480,337$3,855iApproximate average salary by contribution assumption: employee only about $96,376 at 4% or $64,251 at 6%; with 50% employer match about $64,251 at 4% or $42,834 at 6%; with 100% employer match about $48,188 at 4% or $32,125 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-352$45,653,939$1,480,337$4,206iApproximate average salary by contribution assumption: employee only about $105,138 at 4% or $70,092 at 6%; with 50% employer match about $70,092 at 4% or $46,728 at 6%; with 100% employer match about $52,569 at 4% or $35,046 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-384---
Innovance Inc. Salary Reduction Plan-128---
20163344$37,694,202$1,517,952$4,413iApproximate average salary by contribution assumption: employee only about $110,316 at 4% or $73,544 at 6%; with 50% employer match about $73,544 at 4% or $49,029 at 6%; with 100% employer match about $55,158 at 4% or $36,772 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-344$37,694,202$1,517,952$4,413iApproximate average salary by contribution assumption: employee only about $110,316 at 4% or $73,544 at 6%; with 50% employer match about $73,544 at 4% or $49,029 at 6%; with 100% employer match about $55,158 at 4% or $36,772 at 6%.
Innovance Inc. Salary Reduction Plan-145---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-253---
20153334$37,271,413$1,080,346$3,235iApproximate average salary by contribution assumption: employee only about $80,864 at 4% or $53,909 at 6%; with 50% employer match about $53,909 at 4% or $35,940 at 6%; with 100% employer match about $40,432 at 4% or $26,955 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-334$37,271,413$1,080,346$3,235iApproximate average salary by contribution assumption: employee only about $80,864 at 4% or $53,909 at 6%; with 50% employer match about $53,909 at 4% or $35,940 at 6%; with 100% employer match about $40,432 at 4% or $26,955 at 6%.
Innovance Inc. Salary Reduction Plan-137---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-261---
20143345$41,673,824$1,153,021$3,342iApproximate average salary by contribution assumption: employee only about $83,552 at 4% or $55,701 at 6%; with 50% employer match about $55,701 at 4% or $37,134 at 6%; with 100% employer match about $41,776 at 4% or $27,851 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-345$41,673,824$1,153,021$3,342iApproximate average salary by contribution assumption: employee only about $83,552 at 4% or $55,701 at 6%; with 50% employer match about $55,701 at 4% or $37,134 at 6%; with 100% employer match about $41,776 at 4% or $27,851 at 6%.
Innovance Inc. Salary Reduction Plan-140---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-268---
20133339$44,430,208$1,061,546$3,131iApproximate average salary by contribution assumption: employee only about $78,285 at 4% or $52,190 at 6%; with 50% employer match about $52,190 at 4% or $34,793 at 6%; with 100% employer match about $39,143 at 4% or $26,095 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-339$44,430,208$1,061,546$3,131iApproximate average salary by contribution assumption: employee only about $78,285 at 4% or $52,190 at 6%; with 50% employer match about $52,190 at 4% or $34,793 at 6%; with 100% employer match about $39,143 at 4% or $26,095 at 6%.
Innovance Inc. Salary Reduction Plan-129---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-338---
20123344$34,496,369$1,010,826$2,938iApproximate average salary by contribution assumption: employee only about $73,461 at 4% or $48,974 at 6%; with 50% employer match about $48,974 at 4% or $32,649 at 6%; with 100% employer match about $36,731 at 4% or $24,487 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-334$34,496,369$1,010,826$3,026iApproximate average salary by contribution assumption: employee only about $75,661 at 4% or $50,440 at 6%; with 50% employer match about $50,440 at 4% or $33,627 at 6%; with 100% employer match about $37,830 at 4% or $25,220 at 6%.
Innovance Inc. Salary Reduction Plan-0---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-344---
20113352$31,643,807$972,627$2,763iApproximate average salary by contribution assumption: employee only about $69,079 at 4% or $46,052 at 6%; with 50% employer match about $46,052 at 4% or $30,702 at 6%; with 100% employer match about $34,539 at 4% or $23,026 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-351$31,643,807$972,627$2,771iApproximate average salary by contribution assumption: employee only about $69,275 at 4% or $46,184 at 6%; with 50% employer match about $46,184 at 4% or $30,789 at 6%; with 100% employer match about $34,638 at 4% or $23,092 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-352---
Innovance Inc. Salary Reduction Plan-183---
20103340$31,453,927$912,387$2,683iApproximate average salary by contribution assumption: employee only about $67,087 at 4% or $44,725 at 6%; with 50% employer match about $44,725 at 4% or $29,817 at 6%; with 100% employer match about $33,544 at 4% or $22,362 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-340$31,453,927$912,387$2,683iApproximate average salary by contribution assumption: employee only about $67,087 at 4% or $44,725 at 6%; with 50% employer match about $44,725 at 4% or $29,817 at 6%; with 100% employer match about $33,544 at 4% or $22,362 at 6%.
Innovance Inc. Salary Reduction Plan-131---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-286---
20093330$25,059,609$730,940$2,215iApproximate average salary by contribution assumption: employee only about $55,374 at 4% or $36,916 at 6%; with 50% employer match about $36,916 at 4% or $24,611 at 6%; with 100% employer match about $27,687 at 4% or $18,458 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-330$25,059,609$730,940$2,215iApproximate average salary by contribution assumption: employee only about $55,374 at 4% or $36,916 at 6%; with 50% employer match about $36,916 at 4% or $24,611 at 6%; with 100% employer match about $27,687 at 4% or $18,458 at 6%.
Innovance Inc. Salary Reduction Plan-134---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-320---
20083405$22,371,052$905,213$2,235iApproximate average salary by contribution assumption: employee only about $55,877 at 4% or $37,252 at 6%; with 50% employer match about $37,252 at 4% or $24,834 at 6%; with 100% employer match about $27,939 at 4% or $18,626 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-405$22,371,052$905,213$2,235iApproximate average salary by contribution assumption: employee only about $55,877 at 4% or $37,252 at 6%; with 50% employer match about $37,252 at 4% or $24,834 at 6%; with 100% employer match about $27,939 at 4% or $18,626 at 6%.
Innovance Inc. Salary Reduction Plan-13---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-369---
20073380$28,200,310$1,323,099$3,482iApproximate average salary by contribution assumption: employee only about $87,046 at 4% or $58,031 at 6%; with 50% employer match about $58,031 at 4% or $38,687 at 6%; with 100% employer match about $43,523 at 4% or $29,015 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-380$28,200,310$1,323,099$3,482iApproximate average salary by contribution assumption: employee only about $87,046 at 4% or $58,031 at 6%; with 50% employer match about $58,031 at 4% or $38,687 at 6%; with 100% employer match about $43,523 at 4% or $29,015 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-369---
Innovance Inc. Salary Reduction Plan-142---
20063403$24,042,842$1,277,994$3,171iApproximate average salary by contribution assumption: employee only about $79,280 at 4% or $52,853 at 6%; with 50% employer match about $52,853 at 4% or $35,236 at 6%; with 100% employer match about $39,640 at 4% or $26,427 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-403$24,042,842$1,277,994$3,171iApproximate average salary by contribution assumption: employee only about $79,280 at 4% or $52,853 at 6%; with 50% employer match about $52,853 at 4% or $35,236 at 6%; with 100% employer match about $39,640 at 4% or $26,427 at 6%.
Innovance Inc. Salary Reduction Plan-128---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-376---
20053383$20,404,192$1,283,655$3,352iApproximate average salary by contribution assumption: employee only about $83,789 at 4% or $55,860 at 6%; with 50% employer match about $55,860 at 4% or $37,240 at 6%; with 100% employer match about $41,895 at 4% or $27,930 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-363$20,404,192$1,283,655$3,536iApproximate average salary by contribution assumption: employee only about $88,406 at 4% or $58,937 at 6%; with 50% employer match about $58,937 at 4% or $39,292 at 6%; with 100% employer match about $44,203 at 4% or $29,469 at 6%.
Innovance Inc. Salary Reduction Plan-158---
Lou-Rich Machine Tool Inc. Employee Benefit Plan-383---
20042325$18,885,607$942,980$2,901iApproximate average salary by contribution assumption: employee only about $72,537 at 4% or $48,358 at 6%; with 50% employer match about $48,358 at 4% or $32,239 at 6%; with 100% employer match about $36,268 at 4% or $24,179 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-325$18,885,607$942,980$2,901iApproximate average salary by contribution assumption: employee only about $72,537 at 4% or $48,358 at 6%; with 50% employer match about $48,358 at 4% or $32,239 at 6%; with 100% employer match about $36,268 at 4% or $24,179 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-317---
20032273$10,739,156$750,414$2,749iApproximate average salary by contribution assumption: employee only about $68,719 at 4% or $45,813 at 6%; with 50% employer match about $45,813 at 4% or $30,542 at 6%; with 100% employer match about $34,360 at 4% or $22,906 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-273$10,739,156$750,414$2,749iApproximate average salary by contribution assumption: employee only about $68,719 at 4% or $45,813 at 6%; with 50% employer match about $45,813 at 4% or $30,542 at 6%; with 100% employer match about $34,360 at 4% or $22,906 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-243---
20022253$8,667,399$729,307$2,883iApproximate average salary by contribution assumption: employee only about $72,066 at 4% or $48,044 at 6%; with 50% employer match about $48,044 at 4% or $32,029 at 6%; with 100% employer match about $36,033 at 4% or $24,022 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-253$8,667,399$729,307$2,883iApproximate average salary by contribution assumption: employee only about $72,066 at 4% or $48,044 at 6%; with 50% employer match about $48,044 at 4% or $32,029 at 6%; with 100% employer match about $36,033 at 4% or $24,022 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-246---
20012249$8,716,500$759,681$3,051iApproximate average salary by contribution assumption: employee only about $76,273 at 4% or $50,849 at 6%; with 50% employer match about $50,849 at 4% or $33,899 at 6%; with 100% employer match about $38,137 at 4% or $25,424 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-249$8,716,500$759,681$3,051iApproximate average salary by contribution assumption: employee only about $76,273 at 4% or $50,849 at 6%; with 50% employer match about $50,849 at 4% or $33,899 at 6%; with 100% employer match about $38,137 at 4% or $25,424 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-237---
20002265$0$0-
Lou-Rich Machine Tool Inc. Employee Benefit Plan-246---
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-265---
19992249$9,093,828$1,209,106$4,856iApproximate average salary by contribution assumption: employee only about $121,396 at 4% or $80,931 at 6%; with 50% employer match about $80,931 at 4% or $53,954 at 6%; with 100% employer match about $60,698 at 4% or $40,465 at 6%.
Lou-Rich Inc. Employee Stock Ownership Plan and Trust-249$9,093,828$1,209,106$4,856iApproximate average salary by contribution assumption: employee only about $121,396 at 4% or $80,931 at 6%; with 50% employer match about $80,931 at 4% or $53,954 at 6%; with 100% employer match about $60,698 at 4% or $40,465 at 6%.
Lou-Rich Machine Tool Inc. Employee Benefit Plan-220---