Civic Intelligence

Innovative Tools & Technologies Inc.

Plan context: Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust

EIN 41-1866245 • Centerville, MN • 30 filings • 7 plans

2016 Gateway CircleSuite ACenterville, MN 55038
Current Snapshot

Latest Year

2024

2024 Participants

6

2024 Assets

$1,473,943

2024 Contributions

$79,565

Historical Graphs

Total Assets Over Time

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

$3,512,670$1,756,335$0200720162024YearValue
$1,473,943Latest year 2024

Participants Over Time

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

630200720162024YearValue
6Latest 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
202416$1,473,943$79,565$13,261iApproximate average salary by contribution assumption: employee only about $331,521 at 4% or $221,014 at 6%; with 50% employer match about $221,014 at 4% or $147,343 at 6%; with 100% employer match about $165,760 at 4% or $110,507 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$1,473,943$79,565$13,261iApproximate average salary by contribution assumption: employee only about $331,521 at 4% or $221,014 at 6%; with 50% employer match about $221,014 at 4% or $147,343 at 6%; with 100% employer match about $165,760 at 4% or $110,507 at 6%.
202316$1,235,059$122,369$20,395iApproximate average salary by contribution assumption: employee only about $509,871 at 4% or $339,914 at 6%; with 50% employer match about $339,914 at 4% or $226,609 at 6%; with 100% employer match about $254,935 at 4% or $169,957 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$1,235,059$122,369$20,395iApproximate average salary by contribution assumption: employee only about $509,871 at 4% or $339,914 at 6%; with 50% employer match about $339,914 at 4% or $226,609 at 6%; with 100% employer match about $254,935 at 4% or $169,957 at 6%.
202216$963,709$98,651$16,442iApproximate average salary by contribution assumption: employee only about $411,046 at 4% or $274,031 at 6%; with 50% employer match about $274,031 at 4% or $182,687 at 6%; with 100% employer match about $205,523 at 4% or $137,015 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$963,709$98,651$16,442iApproximate average salary by contribution assumption: employee only about $411,046 at 4% or $274,031 at 6%; with 50% employer match about $274,031 at 4% or $182,687 at 6%; with 100% employer match about $205,523 at 4% or $137,015 at 6%.
202116$1,018,899$116,985$19,498iApproximate average salary by contribution assumption: employee only about $487,438 at 4% or $324,958 at 6%; with 50% employer match about $324,958 at 4% or $216,639 at 6%; with 100% employer match about $243,719 at 4% or $162,479 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$1,018,899$116,985$19,498iApproximate average salary by contribution assumption: employee only about $487,438 at 4% or $324,958 at 6%; with 50% employer match about $324,958 at 4% or $216,639 at 6%; with 100% employer match about $243,719 at 4% or $162,479 at 6%.
202026$791,849$109,577$18,263iApproximate average salary by contribution assumption: employee only about $456,571 at 4% or $304,381 at 6%; with 50% employer match about $304,381 at 4% or $202,920 at 6%; with 100% employer match about $228,285 at 4% or $152,190 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$791,849$109,577$18,263iApproximate average salary by contribution assumption: employee only about $456,571 at 4% or $304,381 at 6%; with 50% employer match about $304,381 at 4% or $202,920 at 6%; with 100% employer match about $228,285 at 4% or $152,190 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-0$0$0-
201926$3,512,670$37,316$6,219iApproximate average salary by contribution assumption: employee only about $155,483 at 4% or $103,656 at 6%; with 50% employer match about $103,656 at 4% or $69,104 at 6%; with 100% employer match about $77,742 at 4% or $51,828 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-5$2,946,377$0-
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$566,293$37,316$6,219iApproximate average salary by contribution assumption: employee only about $155,483 at 4% or $103,656 at 6%; with 50% employer match about $103,656 at 4% or $69,104 at 6%; with 100% employer match about $77,742 at 4% or $51,828 at 6%.
201826$2,979,963$546,506$91,084iApproximate average salary by contribution assumption: employee only about $2,277,108 at 4% or $1,518,072 at 6%; with 50% employer match about $1,518,072 at 4% or $1,012,048 at 6%; with 100% employer match about $1,138,554 at 4% or $759,036 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-5$2,539,490$450,000$90,000iApproximate average salary by contribution assumption: employee only about $2,250,000 at 4% or $1,500,000 at 6%; with 50% employer match about $1,500,000 at 4% or $1,000,000 at 6%; with 100% employer match about $1,125,000 at 4% or $750,000 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$440,473$96,506$16,084iApproximate average salary by contribution assumption: employee only about $402,108 at 4% or $268,072 at 6%; with 50% employer match about $268,072 at 4% or $178,715 at 6%; with 100% employer match about $201,054 at 4% or $134,036 at 6%.
201726$2,731,366$438,660$73,110iApproximate average salary by contribution assumption: employee only about $1,827,750 at 4% or $1,218,500 at 6%; with 50% employer match about $1,218,500 at 4% or $812,333 at 6%; with 100% employer match about $913,875 at 4% or $609,250 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-5$2,297,528$350,000$70,000iApproximate average salary by contribution assumption: employee only about $1,750,000 at 4% or $1,166,667 at 6%; with 50% employer match about $1,166,667 at 4% or $777,778 at 6%; with 100% employer match about $875,000 at 4% or $583,333 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-6$433,838$88,660$14,777iApproximate average salary by contribution assumption: employee only about $369,417 at 4% or $246,278 at 6%; with 50% employer match about $246,278 at 4% or $164,185 at 6%; with 100% employer match about $184,708 at 4% or $123,139 at 6%.
201625$2,102,884$463,552$92,710iApproximate average salary by contribution assumption: employee only about $2,317,760 at 4% or $1,545,173 at 6%; with 50% employer match about $1,545,173 at 4% or $1,030,116 at 6%; with 100% employer match about $1,158,880 at 4% or $772,587 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$1,763,496$377,367$94,342iApproximate average salary by contribution assumption: employee only about $2,358,544 at 4% or $1,572,363 at 6%; with 50% employer match about $1,572,363 at 4% or $1,048,242 at 6%; with 100% employer match about $1,179,272 at 4% or $786,181 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-5$339,388$86,185$17,237iApproximate average salary by contribution assumption: employee only about $430,925 at 4% or $287,283 at 6%; with 50% employer match about $287,283 at 4% or $191,522 at 6%; with 100% employer match about $215,463 at 4% or $143,642 at 6%.
201524$2,240,094$776,771$194,193iApproximate average salary by contribution assumption: employee only about $4,854,819 at 4% or $3,236,546 at 6%; with 50% employer match about $3,236,546 at 4% or $2,157,697 at 6%; with 100% employer match about $2,427,409 at 4% or $1,618,273 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$1,384,999$603,653$150,913iApproximate average salary by contribution assumption: employee only about $3,772,831 at 4% or $2,515,221 at 6%; with 50% employer match about $2,515,221 at 4% or $1,676,814 at 6%; with 100% employer match about $1,886,416 at 4% or $1,257,610 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$855,095$173,118$43,280iApproximate average salary by contribution assumption: employee only about $1,081,988 at 4% or $721,325 at 6%; with 50% employer match about $721,325 at 4% or $480,883 at 6%; with 100% employer match about $540,994 at 4% or $360,663 at 6%.
201424$1,442,565$562,035$140,509iApproximate average salary by contribution assumption: employee only about $3,512,719 at 4% or $2,341,813 at 6%; with 50% employer match about $2,341,813 at 4% or $1,561,208 at 6%; with 100% employer match about $1,756,359 at 4% or $1,170,906 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$754,645$490,445$122,611iApproximate average salary by contribution assumption: employee only about $3,065,281 at 4% or $2,043,521 at 6%; with 50% employer match about $2,043,521 at 4% or $1,362,347 at 6%; with 100% employer match about $1,532,641 at 4% or $1,021,760 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$687,920$71,590$17,898iApproximate average salary by contribution assumption: employee only about $447,438 at 4% or $298,292 at 6%; with 50% employer match about $298,292 at 4% or $198,861 at 6%; with 100% employer match about $223,719 at 4% or $149,146 at 6%.
201324$809,786$176,071$44,018iApproximate average salary by contribution assumption: employee only about $1,100,444 at 4% or $733,629 at 6%; with 50% employer match about $733,629 at 4% or $489,086 at 6%; with 100% employer match about $550,222 at 4% or $366,815 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$608,018$72,229$18,057iApproximate average salary by contribution assumption: employee only about $451,431 at 4% or $300,954 at 6%; with 50% employer match about $300,954 at 4% or $200,636 at 6%; with 100% employer match about $225,716 at 4% or $150,477 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$201,768$103,842$25,961iApproximate average salary by contribution assumption: employee only about $649,013 at 4% or $432,675 at 6%; with 50% employer match about $432,675 at 4% or $288,450 at 6%; with 100% employer match about $324,506 at 4% or $216,338 at 6%.
201224$630,998$235,945$58,986iApproximate average salary by contribution assumption: employee only about $1,474,656 at 4% or $983,104 at 6%; with 50% employer match about $983,104 at 4% or $655,403 at 6%; with 100% employer match about $737,328 at 4% or $491,552 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$534,776$178,620$44,655iApproximate average salary by contribution assumption: employee only about $1,116,375 at 4% or $744,250 at 6%; with 50% employer match about $744,250 at 4% or $496,167 at 6%; with 100% employer match about $558,188 at 4% or $372,125 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$96,222$57,325$14,331iApproximate average salary by contribution assumption: employee only about $358,281 at 4% or $238,854 at 6%; with 50% employer match about $238,854 at 4% or $159,236 at 6%; with 100% employer match about $179,141 at 4% or $119,427 at 6%.
201134$692,102$140,490$35,123iApproximate average salary by contribution assumption: employee only about $878,063 at 4% or $585,375 at 6%; with 50% employer match about $585,375 at 4% or $390,250 at 6%; with 100% employer match about $439,031 at 4% or $292,688 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$328,540$70,245$17,561iApproximate average salary by contribution assumption: employee only about $439,031 at 4% or $292,688 at 6%; with 50% employer match about $292,688 at 4% or $195,125 at 6%; with 100% employer match about $219,516 at 4% or $146,344 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$328,540$70,245$17,561iApproximate average salary by contribution assumption: employee only about $439,031 at 4% or $292,688 at 6%; with 50% employer match about $292,688 at 4% or $195,125 at 6%; with 100% employer match about $219,516 at 4% or $146,344 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$35,022$0-
201024$314,424$122,727$30,682iApproximate average salary by contribution assumption: employee only about $767,044 at 4% or $511,363 at 6%; with 50% employer match about $511,363 at 4% or $340,908 at 6%; with 100% employer match about $383,522 at 4% or $255,681 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$280,077$88,388$22,097iApproximate average salary by contribution assumption: employee only about $552,425 at 4% or $368,283 at 6%; with 50% employer match about $368,283 at 4% or $245,522 at 6%; with 100% employer match about $276,213 at 4% or $184,142 at 6%.
INNOVATIVE TOOLS & TECHNOLOGIES, INC. CASH BALANCE PLAN-4$34,347$34,339$8,585iApproximate average salary by contribution assumption: employee only about $214,619 at 4% or $143,079 at 6%; with 50% employer match about $143,079 at 4% or $95,386 at 6%; with 100% employer match about $107,309 at 4% or $71,540 at 6%.
200914$187,465$85,478$21,370iApproximate average salary by contribution assumption: employee only about $534,238 at 4% or $356,158 at 6%; with 50% employer match about $356,158 at 4% or $237,439 at 6%; with 100% employer match about $267,119 at 4% or $178,079 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$187,465$85,478$21,370iApproximate average salary by contribution assumption: employee only about $534,238 at 4% or $356,158 at 6%; with 50% employer match about $356,158 at 4% or $237,439 at 6%; with 100% employer match about $267,119 at 4% or $178,079 at 6%.
200814$100,068$77,486$19,372iApproximate average salary by contribution assumption: employee only about $484,288 at 4% or $322,858 at 6%; with 50% employer match about $322,858 at 4% or $215,239 at 6%; with 100% employer match about $242,144 at 4% or $161,429 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$100,068$77,486$19,372iApproximate average salary by contribution assumption: employee only about $484,288 at 4% or $322,858 at 6%; with 50% employer match about $322,858 at 4% or $215,239 at 6%; with 100% employer match about $242,144 at 4% or $161,429 at 6%.
200714$21,298$20,560$5,140iApproximate average salary by contribution assumption: employee only about $128,500 at 4% or $85,667 at 6%; with 50% employer match about $85,667 at 4% or $57,111 at 6%; with 100% employer match about $64,250 at 4% or $42,833 at 6%.
Innovative Tools & Technologies Inc. Profit Sharing Plan & Trust-4$21,298$20,560$5,140iApproximate average salary by contribution assumption: employee only about $128,500 at 4% or $85,667 at 6%; with 50% employer match about $85,667 at 4% or $57,111 at 6%; with 100% employer match about $64,250 at 4% or $42,833 at 6%.