ESOP · DOL Form 5500 · 2023

Island Kinetics, Inc. Dba Covalence Laboratories ESOP

Data updated 2026-08-25

$26M
Total assets Below avg plan size
146
Participants Small participant base
77th
Percentile by assets National rank
$181,116
Avg per participant Above 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

$26M in assets, 146 participants

Island Kinetics, Inc. Dba Covalence Laboratories's Island Kinetics, Inc. Employee Stock Ownership Plan reported $26M in total assets and 146 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,831 in Manufacturing (18,722 peers)

Coverage in Arizona

Island Kinetics, Inc. Employee Stock Ownership Plan covers 146 participants in Arizona, about 26% of the average Arizona filer (state average ~564 per filing). Assets: $26M.

#12,831
in Manufacturing (18,722 peers)
+13.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$26,442,984 Top 23% higher than 77% of 127,068 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 2023

Island Kinetics, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 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 (146 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Island Kinetics, Inc. Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Island Kinetics, Inc. Employee Stock Ownership Plan reported participants fell from 217 in the plan year 2022 filing to 146 in the plan year 2023 filing.
  • Island Kinetics, Inc. Employee Stock Ownership Plan end-of-year assets rose from $23M in the plan year 2022 filing to $26M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 860833270 · Island Kinetics, Inc. Dba Covalence Laboratories PY 2023 · ESOP

Island Kinetics, Inc. Employee Stock Ownership Plan · $26M · 146 · 77th

  • PCT $26M
  • EIN 146
  • RANK 77th
  • PHOTO ESOP
  • IND near Forum Architecture & Interior Design, Inc. Employee Stock Ownership Plan
  • EOY ind #12831

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

The Ame Group Employee Stock Ownership PlanThe Ame Group Employee Stock…$26MIsland Kinetics, Inc. Employee Stock Ownership PlanIsland Kinetics, Inc. Employ…$26MForum Architecture & Interior Design, Inc. Employee Stock Ownership PlanForum Architecture & Interio…$26MSoftware Solutions, Inc. Employee Stock Ownership PlanSoftware Solutions, Inc. Emp…$26MMpd, Inc. Employee Stock Ownership PlanMpd, Inc. Employee Stock Own…$26M
End-of-year total assets ($M) among Island Kinetics, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$21M
Net Income$4M
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. -50000500010000150002000025000 -0.500.511.5 Total assets ($B) Participants Island Kinetics, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.026442984 · Participants: 146Island Kinetics, Inc. Employee Stock Ownership PlanThe Sundt Companies Employee Stock Ownership Plan, Total assets ($B): 1.064355538 · Participants: 2392The Sundt Companies Employee Stock Ownership PlanU-Haul Holding Company Employee Stock Ownership Plan, Total assets ($B): 0.61854692 · Participants: 19740U-Haul Holding Company Employee Stock Ownership PlanSpencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.313228026 · Participants: 253Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership PlanPima Medical Institute Employee Stock Ownership Plan, Total assets ($B): 0.216174467 · Participants: 1057Pima Medical Institute Employee Stock Ownership PlanWilson Electric Services Corp. Employee Stock Ownership Plan, Total assets ($B): 0.167298665 · Participants: 726Wilson Electric Services Corp. 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 Forum Architecture & Interior Design, Inc. Employee Stock Ownership Plan in FL ($26M); by covered participants it is Palmetto Engineering Employee Stock Ownership Plan in SC (146 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (146 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Island Kinetics, Inc. Employee Stock Ownership Plan grew at a solid clip - up 13.9% during 2023, from $23M to $26M. Reported net income was $4M.
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 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Forum Architecture & Interior Design, Inc. Employee Stock Ownership Plan in FL ($26M, 62 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 Palmetto Engineering Employee Stock Ownership Plan in SC (146 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.