401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$8M
Total assets Small plan by assets
132
Participants Small participant base
53rd
Percentile by assets National rank
$58,847
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Island Kinetics, Inc. 401(k) Plan · Sponsored by Island Kinetics, Inc. Dba Covalence Laboratories · Arizona · Manufacturing

$8M in assets, 132 participants

Island Kinetics, Inc. Dba Covalence Laboratories's Island Kinetics, Inc. 401(k) Plan reported $8M in total assets and 132 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.

  • #7,118 in Manufacturing (18,722 peers)

Coverage in Arizona

Island Kinetics, Inc. 401(k) Plan covers 132 participants in Arizona, about 23% of the average Arizona filer (state average ~564 per filing). Assets: $8M.

#7,118
in Manufacturing (18,722 peers)
+20.4%
assets growth YoY

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 2023 · DOL Form 5500

$7,767,839 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

Island Kinetics, Inc. 401(k) 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. 401(k) Plan sits mid-pack in the medium band (132 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Island Kinetics, Inc. 401(k) Plan reported net income rose from -$559K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Island Kinetics, Inc. 401(k) Plan end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Island Kinetics, Inc. 401(k) Plan reported participants fell from 163 in the plan year 2022 filing to 132 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 860833270 · Island Kinetics, Inc. Dba Covalence Laboratories PY 2023 · 401(k)

Island Kinetics, Inc. 401(k) Plan · $8M · 132 · 53rd

  • 5500 $8M
  • 5500 132
  • 5500 53rd
  • 5500 401(k)
  • 5500 near James Edward & Companies, Inc. 401(k) Plan
  • 5500 ind #7118

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

Island Kinetics, Inc. 401(k) PlanIsland Kinetics, Inc. 401(k)…$8MJames Edward & Companies, Inc. 401(k) PlanJames Edward & Companies, In…$8MBrinkman 401(k) Plan$8MHinds Instruments, Inc. 401(k) Profit Sharing PlanHinds Instruments, Inc. 401(…$8MZimmer Great Lakes 401(k) PlanZimmer Great Lakes 401(k) Pl…$8M
End-of-year total assets ($M) among Island Kinetics, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$1M
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 -20246 Total assets ($B) Participants Island Kinetics, Inc. 401(k) Plan, Total assets ($B): 0.007767839 · Participants: 132Island Kinetics, Inc. 401(k) PlanBechtel Trust & Thrift Plan, Total assets ($B): 5.691074806 · Participants: 7448Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.270882725 · Participants: 52452Banner Health Employees 401(k) PlanRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.379834679 · Participants: 28131Republic Services, Inc. 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.323111586 · Participants: 13105Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramStantec 401(k) Plan, Total assets ($B): 2.021683156 · Participants: 10719Stantec 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 James Edward & Companies, Inc. 401(k) Plan in TX ($8M); by covered participants it is Revision Military 401(k) Retirement Plan in VT (132 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 (132 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. 401(k) Plan assets move in 2023? ▼
Island Kinetics, Inc. 401(k) Plan grew sharply - up 20.4% during 2023, from $6M to $8M. Reported net income was $1M.
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 James Edward & Companies, Inc. 401(k) Plan in TX ($8M, 341 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 Revision Military 401(k) Retirement Plan in VT (132 participants, $5M 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.