ESOP · DOL Form 5500 · 2024

Island Kinetics, Inc. Dba Covalence Laboratories ESOP

Data updated 2026-08-25

$33M
Total assets Below avg plan size
148
Participants Small participant base
79th
Percentile by assets National rank
$224,003
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

$33M in assets, 148 participants

Island Kinetics, Inc. Dba Covalence Laboratories's Island Kinetics, Inc. Employee Stock Ownership Plan reported $33M in total assets and 148 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #12,567 in Manufacturing (17,777 peers)

Coverage in Arizona

Island Kinetics, Inc. Employee Stock Ownership Plan covers 148 participants in Arizona, about 26% of the average Arizona filer (state average ~564 per filing). Assets: $33M.

#12,567
in Manufacturing (17,777 peers)
+25.4%
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 2024 · DOL Form 5500

$33,152,383 Top 21% higher than 79% of 123,620 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 2024

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

Plan-year 2024 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 (148 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Island Kinetics, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Island Kinetics, Inc. Employee Stock Ownership Plan end-of-year assets rose from $26M in the plan year 2023 filing to $33M in the plan year 2024 filing.
  • Island Kinetics, Inc. Employee Stock Ownership Plan reported participants rose from 146 in the plan year 2023 filing to 148 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 860833270 · Island Kinetics, Inc. Dba Covalence Laboratories PY 2024 · ESOP

Island Kinetics, Inc. Employee Stock Ownership Plan · $33M · 148 · 79th

  • 5500 $33M
  • 5500 148
  • 5500 79th
  • 5500 ESOP
  • 5500 near Mcabee Construction, Inc. Employee Stock Ownership Plan
  • 5500 ind #12567

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

Bloedorn Lumber Co. & Subsidiaries ESOPBloedorn Lumber Co. & Subsid…$33MReliable Community Bancshares, Inc. Employee Stock Ownership PlanReliable Community Bancshare…$33MIsland Kinetics, Inc. Employee Stock Ownership PlanIsland Kinetics, Inc. Employ…$33MMcabee Construction, Inc. Employee Stock Ownership PlanMcabee Construction, Inc. Em…$33MKelley Bean Co. Inc., Employee Stock Ownership PlanKelley Bean Co. Inc., Employ…$33M
End-of-year total assets ($M) among Island Kinetics, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Arizona filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$7M
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 -0.500.511.52 Total assets ($B) Participants Island Kinetics, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.033152383 · Participants: 148Island Kinetics, Inc. Employee Stock Ownership PlanThe Sundt Companies Employee Stock Ownership Plan, Total assets ($B): 1.454509943 · Participants: 3220The Sundt Companies Employee Stock Ownership PlanU-Haul Holding Company Employee Stock Ownership Plan, Total assets ($B): 0.561105831 · Participants: 21253U-Haul Holding Company Employee Stock Ownership PlanSpencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.414837473 · Participants: 263Spencer's Air Conditioning & Appliance, Inc. Employee Stock Ownership PlanWilson Electric Services Corp. Employee Stock Ownership Plan, Total assets ($B): 0.26183793 · Participants: 757Wilson Electric Services Corp. Employee Stock Ownership PlanPima Medical Institute Employee Stock Ownership Plan, Total assets ($B): 0.225590305 · Participants: 1089Pima Medical Institute 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 Mcabee Construction, Inc. Employee Stock Ownership Plan in AL ($33M); by covered participants it is Pdm Employee Stock Ownership Plan and Trust Agreement in IA (148 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (148 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Island Kinetics, Inc. Employee Stock Ownership Plan grew sharply - up 25.4% during 2024, from $26M to $33M. Reported net income was $7M.
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 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Mcabee Construction, Inc. Employee Stock Ownership Plan in AL ($33M, 92 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 Pdm Employee Stock Ownership Plan and Trust Agreement in IA (148 participants, $33M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.