401(k) · DOL Form 5500 · 2023

Covation Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
157
Participants Small participant base
66th
Percentile by assets National rank
$89,756
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Covation Savings Plan · Sponsored by Covation Inc. · Delaware · Manufacturing

$14M in assets, 157 participants

Covation Inc.'s Covation Savings Plan reported $14M in total assets and 157 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #10,111 in Manufacturing (18,722 peers)

Coverage in Delaware

Covation Savings Plan covers 157 participants in Delaware, about 29% of the average Delaware filer (state average ~536 per filing). Assets: $14M.

#10,111
in Manufacturing (18,722 peers)
+86.9%
assets growth YoY

Covation Savings Plan's mid-pack asset rank among Manufacturing and all filers

Covation Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$14,091,729 Top 34% higher than 66% 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

Covation Savings 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. Covation Savings Plan sits mid-pack in the medium band (157 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Covation Savings Plan end-of-year assets rose from $8M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Covation Savings Plan reported net income fell from $8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Covation Savings Plan reported participants rose from 152 in the plan year 2022 filing to 157 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 861255351 · Covation Inc. PY 2023 · 401(k)

Covation Savings Plan · $14M · 157 · 66th

  • BOOK $14M
  • VS-ST 157
  • BOY 66th
  • SCH 401(k)
  • EBSA near Bold Penguin 401(k) Plan
  • PART ind #10111

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 Delaware →

Covation Savings Plan in the asset neighbourhood

Covation Savings Plan$14MBold Penguin 401(k) Plan$14MHumacyte Global 401(k) Plan$14MKugler Company 401(k) Profit Sharing PlanKugler Company 401(k) Profit…$14MRgms, Inc. 401(k) Plan$14M
End-of-year total assets ($M) among Covation Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Delaware filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$14M
Net Income$7M
Employer EIN861255351
Plan Effective Date2022-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covation Inc.)

Sponsor-wide plan assets over time

All Covation Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 108.9985976049571% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $7.54M $15.8M ▲ +108.9%
Year Plans Participants Total Assets
2022 1 152 $8M
2023 1 157 $14M
2024 1 156 $16M

Nearby 401(k) Plans in Delaware

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

Covation Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -202468 Total assets ($B) Participants Covation Savings Plan, Total assets ($B): 0.014091729 · Participants: 157Covation Savings PlanAstrazeneca Savings and Security Plan, Total assets ($B): 7.59933241 · Participants: 13734Astrazeneca Savings and Security PlanRetirement Savings Plan, Total assets ($B): 6.839304585 · Participants: 9968Retirement Savings PlanDupont Retirement Savings Plan, Total assets ($B): 3.237107237 · Participants: 9918Dupont Retirement Savings PlanWl Gore & Associates, Inc. 401(k) Plan, Total assets ($B): 1.797467724 · Participants: 8557Wl Gore & Associates, Inc. 401(k) PlanAshland Employee Savings Plan, Total assets ($B): 1.267144025 · Participants: 1647Ashland Employee Savings Plan
Covation Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants
Compare Covation Savings Plan side-by-side with 3 peers →

Covation Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Delaware, the nearest 401(k) by assets is Bold Penguin 401(k) Plan in OH ($14M); by covered participants it is Atticus Bakery, LLC 401(k) Profit Sharing Plan in CT (157 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (157 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 Covation Savings Plan assets move in 2023? ▼
Covation Savings Plan surged - up 86.9% during 2023, from $8M to $14M. Reported net income was $7M.
How have Covation Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covation Inc.'s sponsor-wide assets grew 109.0%, from $8M to $16M.
Which 401(k) plans are similar in size to Covation Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bold Penguin 401(k) Plan in OH ($14M, 262 participants).
Which 401(k) plans cover a similar participant headcount to Covation Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Atticus Bakery, LLC 401(k) Profit Sharing Plan in CT (157 participants, $3M 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 861255351.

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.