401(k) · DOL Form 5500 · 2023

Covert Manufacturing, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
265
Participants Below avg headcount
53rd
Percentile by assets National rank
$29,281
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

$8M in assets, 265 participants

Covert Manufacturing, Inc.'s Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust reported $8M in total assets and 265 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #7,110 in Manufacturing (18,722 peers)

Coverage in Ohio

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust covers 265 participants in Ohio, about 35% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#7,110
in Manufacturing (18,722 peers)
+7.0%
assets growth YoY

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 2023 · DOL Form 5500

$7,759,496 Top 47% higher than 53% 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

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust 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. Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (265 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust reported net income rose from -$902K in the plan year 2022 filing to $505K in the plan year 2023 filing.
  • Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust reported participants rose from 255 in the plan year 2022 filing to 265 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 341059703 · Covert Manufacturing, Inc. PY 2023 · 401(k)

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust · $8M · 265 · 53rd

  • EOY $8M
  • EOY 265
  • EOY 53rd
  • EOY 401(k)
  • EOY near Sapaugh Motors Retirement Plan
  • EOY ind #7110

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

Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and TrustCovert Manufacturing, Inc. E…$8MSapaugh Motors Retirement PlanSapaugh Motors Retirement Pl…$8MThe Urban Electric Company 401(k) PlanThe Urban Electric Company 4…$8MCarmel Country Club Inc 401(k)PlanCarmel Country Club Inc 401(…$8MIndevco North America, Inc. 401(k) PlanIndevco North America, Inc. …$8M
End-of-year total assets ($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 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$505K
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 -50510152025 Total assets ($B) Participants Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.007759496 · Participants: 265Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and TrustGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings 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 Sapaugh Motors Retirement Plan in MO ($8M); by covered participants it is Ktm Industries Inc 401(k) Profit Sharing Plan & Trust in MI (265 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (265 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 Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust assets move in 2023? ▼
Covert Manufacturing, Inc. Employees 401(k) Profit Sharing Plan and Trust grew at a solid clip - up 7.0% during 2023, from $7M to $8M. Reported net income was $505K.
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 Sapaugh Motors Retirement Plan in MO ($8M, 125 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 Ktm Industries Inc 401(k) Profit Sharing Plan & Trust in MI (265 participants, N/A 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 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.