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Original filing (PDF)20251006224007NAL0004219153001
INNOVATIVE SYSTEMS, LLC
Form 5500
FILING_RECEIVED
INNOVATIVE SYSTEMS, LLC 401(K) PLAN
401(k) retirement plan
Signals · 2
25% in single holdingNo recordkeeper disclosed
Active participants
202
Accounts w/ balance
196
Plan assets (EOY)
$46.5M
Net assets (EOY)
$46.5M
How this plan invests
This plan
41 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
87
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Vanguard Total Stock Mkt Index Mutual Fund" is 25% of plan.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Below-peer total fees (19 bps vs 29 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for INNOVATIVE SYSTEMS, LLC.
Plan sponsor
Name
INNOVATIVE SYSTEMS, LLC
EIN
41-1920375
Address
1000 INNOVATIVE DRIVE · MITCHELL, SD · 57301
Phone
(605) 995-6120
Industry
Custom Computer Programming· Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-06
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
ELO PROF LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| OSAIC WEALTH, INC. | — | PHOENIX, AZ | NONE | $49K | — |
| CPI QUALIFIED PLAN CONSULTANTS, INC | 48-1205033 | — | NONE | $41K | — |
Investments
41 direct securities· $45.5M(98% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Total Stock Mkt Index Mutual Fund | — | — | — | $11.5M | 24.7% | |
| JPMorgan Investor Growth Mutual Fund | — | — | — | $6.1M | 13.1% | |
| American Funds Growth Fund of America R4 Mutual Fund | — | — | — | $3.9M | 8.4% | |
| American Funds Target Date Retirement 2045 R4 Mutual Fund | — | — | — | $1.7M | 3.6% | |
| American Funds Target Date Retirement 2035 R4 Mutual Fund | — | — | — | $1.7M | 3.6% | |
| Invesco Value Opportunities A Mutual Fund | — | — | — | $1.5M | 3.3% | |
| JPMorgan Investor Balanced Mutual Fund | — | — | — | $1.5M | 3.2% | |
| American Funds Fundamental Investors R4 Mutual Fund | — | — | — | $1.4M | 3.1% | |
| Putnam Equity Income A Mutual Fund | — | — | — | $1.4M | 3.1% | |
| American Funds Washington Mutual R4 Mutual Fund | — | — | — | $1.3M | 2.7% | |
| Hartford Midcap R4 Mutual Fund | — | — | — | $1.1M | 2.4% | |
| American Funds Target Date Retirement 2055 R4 Mutual Fund | — | — | — | $990K | 2.1% | |
| American Funds Capital Income Builder R4 Mutual Fund | — | — | — | $795K | 1.7% | |
| Davis New York Venture Fund A Mutual Fund | — | — | — | $765K | 1.6% | |
| American Funds Target Date Retirement 2040 R4 Mutual Fund | — | — | — | $729K | 1.6% | |
| Vanguard Total International Stock Index Mutual Fund | — | — | — | $726K | 1.6% | |
| American Funds Target Date Retirement 2050 R4 Mutual Fund | — | — | — | $717K | 1.5% | |
| Interest (b) Identity of Issue (c) Description of Investment Value * CUNA Mutual Group Guaranteed Account A23 Guaranteed Investment Contract | — | — | — | $666K | 1.4% | |
| American Funds New World Fund R4 Mutual Fund | — | — | — | $652K | 1.4% | |
| Franklin Rising Dividends A Mutual Fund | — | — | — | $642K | 1.4% | |
| American Funds Europacific Growth R4 Mutual Fund | — | — | — | $602K | 1.3% | |
| American Funds Target Date Retirement 2025 R4 Mutual Fund | — | — | — | $591K | 1.3% | |
| American Funds Target Date Retirement 2030 R4 Mutual Fund | — | — | — | $581K | 1.2% | |
| Vanguard LifeStrategy Growth Mutual Fund | — | — | — | $501K | 1.1% | |
| Invesco Developing Markets A Mutual Fund | — | — | — | $448K | 1.0% | |
| JPMorgan Investor Conservative Growth Mutual Fund | — | — | — | $434K | 0.9% | |
| Dodge & Cox Global Stock Fund Mutual Fund | — | — | — | $384K | 0.8% | |
| Cash and Cash Equivalents Interest Bearing Cash 160 American Funds Capital World Growth/Income R4 Mutual Fund | — | — | — | $384K | 0.8% | |
| Pimco Total Return A Mutual Fund | — | — | — | $357K | 0.8% | |
| Templeton Foreign A Mutual Fund | — | — | — | $287K | 0.6% | |
| Franklin Core Plus Bond Mutual Fund | — | — | — | $246K | 0.5% | |
| American Funds Target Date Retirement 2015 R4 Mutual Fund | — | — | — | $185K | 0.4% | |
| Franklin US Government Securities A Mutual Fund | — | — | — | $174K | 0.4% | |
| Vanguard Mid Cap Index Admiral Mutual Fund | — | — | — | $116K | 0.2% | |
| American Funds Target Date Retirement 2020 R4 Mutual Fund | — | — | — | $97K | 0.2% | |
| Vanguard Smal Cap Index Admiral Mutual Fund | — | — | — | $87K | 0.2% | |
| American Funds Target Date Retirement 2060 R4 Mutual Fund | — | — | — | $67K | 0.1% | |
| Participant Loans 5.25% ‐ 10.50% | — | — | — | $55K | 0.1% | |
| Vanguard LifeStrategy Moderate Growth Mutual Fund | — | — | — | $38K | <0.1% | |
| American Funds Target Date Retirement 2065 R4 Mutual Fund | — | — | — | $2K | <0.1% | |
| Vanguard LifeStrategy Conservative Growth Mutual Fund | — | — | — | $1K | <0.1% |
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