401(k) · DOL Form 5500 · 2022

Island Kinetics, Inc. Dba Covalence Laboratories 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
163
Participants Small participant base
56th
Percentile by assets National rank
$39,587
Avg per participant Low balance/head
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Official DOL plan name: Island Kinetics, Inc. 401(k) Plan · Sponsored by Island Kinetics, Inc. Dba Covalence Laboratories · Arizona · Manufacturing

$6M in assets, 163 participants

Island Kinetics, Inc. Dba Covalence Laboratories's Island Kinetics, Inc. 401(k) Plan reported $6M in total assets and 163 participants in its 2022 DOL Form 5500 filing, ranking in the 56th 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.

  • #8,445 in Manufacturing (20,602 peers)

Coverage in Arizona

Island Kinetics, Inc. 401(k) Plan covers 163 participants in Arizona, about 29% of the average Arizona filer (state average ~564 per filing). Assets: $6M.

#8,445
in Manufacturing (20,602 peers)
-8.0%
assets change YoY

The plan reported a net loss of $559K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Island Kinetics, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Island Kinetics, Inc. 401(k) Plan vs every filed plan by assets

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

$6,452,727 Top 44% higher than 56% 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. 401(k) 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. 401(k) Plan sits mid-pack in the medium band (163 participants).

Form 5500 schedule snapshot

Filing strip 860833270 · Island Kinetics, Inc. Dba Covalence Laboratories PY 2022 · 401(k)

Island Kinetics, Inc. 401(k) Plan · $6M · 163 · 56th

  • ASSETS $6M
  • PCT 163
  • EIN 56th
  • RANK 401(k)
  • PHOTO near Avkare, LLC 401(k) Plan
  • IND ind #8445

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 Arizona →

Island Kinetics, Inc. 401(k) Plan in the asset neighbourhood

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End-of-year total assets ($M) among Island Kinetics, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Arizona filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$6M
Net Income-$559K
Employer EIN860833270
Plan Effective Date2001-04-01
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 401(k) Plans in Arizona

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

Island Kinetics, Inc. 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -101234 Total assets ($B) Participants Island Kinetics, Inc. 401(k) Plan, Total assets ($B): 0.006452727 · Participants: 163Island Kinetics, Inc. 401(k) PlanBanner Health Employees 401(k) Plan, Total assets ($B): 3.566847679 · Participants: 50602Banner Health Employees 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 1.923226111 · Participants: 12362Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramRepublic Services, Inc. 401(k) Plan, Total assets ($B): 1.806929859 · Participants: 28320Republic Services, Inc. 401(k) PlanStantec 401(k) Plan, Total assets ($B): 1.682454193 · Participants: 8764Stantec 401(k) PlanReliance Steel & Aluminum Co. Master 401(k) Plan, Total assets ($B): 1.33677823 · Participants: 9895Reliance Steel & Aluminum Co. Master 401(k) Plan
Island Kinetics, Inc. 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
Compare Island Kinetics, Inc. 401(k) Plan side-by-side with 3 peers →

Island Kinetics, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Arizona, the nearest 401(k) by assets is Avkare, LLC 401(k) Plan in KY ($6M); by covered participants it is Orchid Underwriters Agency 401(k) Plan in FL (163 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (163 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. 401(k) Plan assets move in 2022? ▼
Island Kinetics, Inc. 401(k) Plan pulled back noticeably - down 8.0% during 2022, from $7M to $6M. Reported net income was -$559K.
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.
Which 401(k) plans are similar in size to Island Kinetics, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Avkare, LLC 401(k) Plan in KY ($6M, 130 participants).
Which 401(k) plans cover a similar participant headcount to Island Kinetics, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Orchid Underwriters Agency 401(k) Plan in FL (163 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 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.