401(k) · DOL Form 5500 · 2022

Covert Manufacturing, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
255
Participants Below avg headcount
58th
Percentile by assets National rank
$28,449
Avg per participant Low balance/head
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Official DOL plan name: Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust · Sponsored by Covert Manufacturing, Inc. · Ohio · Manufacturing

$7M in assets, 255 participants

Covert Manufacturing, Inc.'s Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust reported $7M in total assets and 255 participants in its 2022 DOL Form 5500 filing, ranking in the 58th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #9,041 in Manufacturing (20,602 peers)

Coverage in Ohio

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust covers 255 participants in Ohio, about 33% of the average Ohio filer (state average ~765 per filing). Assets: $7M.

#9,041
in Manufacturing (20,602 peers)
-11.1%
assets change YoY

The plan reported a net loss of $902K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$7,254,409 Top 42% higher than 58% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (255 participants).

Plan-year Form 5500 strip

Filing strip 341059703 · Covert Manufacturing, Inc. PY 2022 · 401(k)

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust · $7M · 255 · 58th

  • VS-ST $7M
  • VS-ST 255
  • VS-ST 58th
  • VS-ST 401(k)
  • VS-ST near Chemoil Energy Services LLC Retirement Savings Plan
  • VS-ST ind #9041

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Ohio →

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Solvchem, Inc. 401(k) Plan$7MCovert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and TrustCovert Manufacturing, Inc. E…$7MChemoil Energy Services LLC Retirement Savings PlanChemoil Energy Services LLC …$7MChemoil Energy Services LLC Retirement Savings PlanChemoil Energy Services LLC …$7MSignature Custom Cabinetry, Inc. 401(k) PlanSignature Custom Cabinetry, …$7M
End-of-year total assets ($M) among Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$902K
Employer EIN341059703
Plan Effective Date1988-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covert Manufacturing, Inc.)

Sponsor-wide plan assets over time

All Covert Manufacturing, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 11.320591381048407% vs 2022
2024 filing year
$7M$7.5M$8M$8.5M 202220232024 $7.25M $8.08M ▲ +11.4%
Year Plans Participants Total Assets
2022 1 255 $7M
2023 1 265 $8M
2024 1 272 $8M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.007254409 · Participants: 255Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and TrustThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Chemoil Energy Services LLC Retirement Savings Plan in CA ($7M); by covered participants it is Lincoln Manufacturing 401(k) Plan in TX (255 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (255 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust assets move in 2022? ▼
Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust pulled back noticeably - down 11.1% during 2022, from $8M to $7M. Reported net income was -$902K.
How have Covert Manufacturing, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covert Manufacturing, Inc.'s sponsor-wide assets grew 11.3%, from $7M to $8M.
Which 401(k) plans are similar in size to Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Chemoil Energy Services LLC Retirement Savings Plan in CA ($7M, 176 participants).
Which 401(k) plans cover a similar participant headcount to Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Lincoln Manufacturing 401(k) Plan in TX (255 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341059703.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.