ESOP · DOL Form 5500 · 2022

Island Kinetics, Inc. Dba Covalence Laboratories ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
217
Participants Below avg headcount
79th
Percentile by assets National rank
$106,967
Avg per participant Below avg balance/head
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Official DOL plan name: Island Kinetics, Inc. Employee Stock Ownership Plan · Sponsored by Island Kinetics, Inc. Dba Covalence Laboratories · Arizona · Manufacturing

$23M in assets, 217 participants

Island Kinetics, Inc. Dba Covalence Laboratories's Island Kinetics, Inc. Employee Stock Ownership Plan reported $23M in total assets and 217 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #14,613 in Manufacturing (20,602 peers)

Coverage in Arizona

Island Kinetics, Inc. Employee Stock Ownership Plan covers 217 participants in Arizona, about 38% of the average Arizona filer (state average ~564 per filing). Assets: $23M.

#14,613
in Manufacturing (20,602 peers)
-13.0%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Island Kinetics, Inc. Employee Stock Ownership Plan's outsized position by total assets

Island Kinetics, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$23,211,915 Top 21% higher than 79% 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

Island Kinetics, Inc. Employee Stock Ownership Plan 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. Island Kinetics, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (217 participants).

EBSA filing schedule strip

Filing strip 860833270 · Island Kinetics, Inc. Dba Covalence Laboratories PY 2022 · ESOP

Island Kinetics, Inc. Employee Stock Ownership Plan · $23M · 217 · 79th

  • BOOK $23M
  • VS-ST 217
  • BOY 79th
  • SCH ESOP
  • EBSA near Form Services, Inc. Employee Stock Ownership Plan and Trust
  • PART ind #14613

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 What is an ESOP? → · Plans in Arizona →

Island Kinetics, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Steel Encounters, Inc. Employee Stock Ownership PlanSteel Encounters, Inc. Emplo…$23MPeninsula Insurance Bureau Employee Stock Ownership PlanPeninsula Insurance Bureau E…$23MForm Services, Inc. Employee Stock Ownership Plan and TrustForm Services, Inc. Employee…$23MIsland Kinetics, Inc. Employee Stock Ownership PlanIsland Kinetics, Inc. Employ…$23MAero Instruments & Avionics, Inc. Employee Stock Ownership PlanAero Instruments & Avionics,…$23M
End-of-year total assets ($M) among Island Kinetics, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Arizona filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$18M
Net Income-$3M
Employer EIN860833270
Plan Effective Date2002-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Island Kinetics, Inc. Dba Covalence Laboratories)

Sponsor-wide plan assets over time

All Island Kinetics, Inc. Dba Covalence Laboratories plans reported in each filing year

Latest sponsor-wide plan assets
$42M 40.805087079763176% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $29.7M $41.8M ▲ +40.8%
Year Plans Participants Total Assets
2022 2 380 $30M
2023 2 278 $34M
2024 2 305 $42M

Nearby ESOP Plans in Arizona

Peer ESOP plans, same state, same plan type, ranked by total assets.

Island Kinetics, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -2000200400600800 Total assets ($M) Participants Island Kinetics, Inc. Employee Stock Ownership Plan, Total assets ($M): 23.211915 · Participants: 217Island Kinetics, Inc. Employee Stock Ownership PlanThe Sundt Companies Employee Stock Ownership Plan, Total assets ($M): 653.823941 · Participants: 1879The Sundt Companies Employee Stock Ownership PlanU-Haul Holding Company Employee Stock Ownership Plan, Total assets ($M): 498.168071 · Participants: 18179U-Haul Holding Company Employee Stock Ownership PlanSpencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan, Total assets ($M): 309.035135 · Participants: 235Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership PlanPima Medical Institute Employee Stock Ownership Plan, Total assets ($M): 190.288581 · Participants: 1362Pima Medical Institute Employee Stock Ownership PlanRvr Employee Stock Ownership Plan, Total assets ($M): 144.534583 · Participants: 139Rvr Employee Stock Ownership Plan
Island Kinetics, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Arizona, assets vs. participants
Compare Island Kinetics, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Island Kinetics, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Arizona, the nearest ESOP by assets is Form Services, Inc. Employee Stock Ownership Plan and Trust in MD ($23M); by covered participants it is Combined Public Communications Employee Stock Ownership Plan in KY (218 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (217 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 Island Kinetics, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Island Kinetics, Inc. Employee Stock Ownership Plan pulled back noticeably - down 13.0% during 2022, from $27M to $23M. Reported net income was -$3M.
How have Island Kinetics, Inc. Dba Covalence Laboratories plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Island Kinetics, Inc. Dba Covalence Laboratories's sponsor-wide assets grew 40.8%, from $30M to $42M.
Where does Island Kinetics, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Island Kinetics, Inc. Employee Stock Ownership Plan ranks in the 79th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Island Kinetics, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Form Services, Inc. Employee Stock Ownership Plan and Trust in MD ($23M, 51 participants).
Which ESOP plans cover a similar participant headcount to Island Kinetics, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Combined Public Communications Employee Stock Ownership Plan in KY (218 participants, $23M 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 860833270.

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.