401(k) · DOL Form 5500 · 2024

Covation Inc. 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets: 156
Participants Small participant base: 65th
Percentile by assets National rank: $100,987
Avg per participant Below avg balance/head

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

$16M in assets, 156 participants

Covation Inc.'s Covation Savings Plan reported $16M in total assets and 156 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

#9,552 in Manufacturing (17,777 peers)

Coverage in Delaware

Covation Savings Plan covers 156 participants in Delaware, about 29% of the average Delaware filer (state average ~536 per filing). Assets: $16M.

#9,552
in Manufacturing (17,777 peers): +11.8%
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 2024 · DOL Form 5500

$15,753,936 Top 35% higher than 65% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Covation Savings 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. Covation Savings Plan sits mid-pack in the medium band (156 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Covation Savings Plan reported net income fell from $7M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Covation Savings Plan end-of-year assets rose from $14M in the plan year 2023 filing to $16M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 861255351 · Covation Inc. PY 2024 · 401(k)

Covation Savings Plan · $16M · 156 · 65th

IND $16M
IND 156
IND 65th
IND 401(k)
IND near Scandrill, Inc. 401(k) Plan
IND ind #9552

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 →

End-of-year total assets ($M) among Covation Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Delaware filing particulars

Total Assets (Beginning of Year)	$14M
Net Assets (End of Year)	$16M
Net Income	$2M
Employer EIN	861255351
Plan Effective Date	2022-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Covation Inc.)

Latest sponsor-wide plan assets: $16M 108.9985976049571% vs 2022; 2024 filing year

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

Astrazeneca Savings and Security Plan $8.6B · 17,175
Retirement Savings Plan $7.0B · 9,658
Dupont Retirement Savings Plan $3.4B · 9,391
Wl Gore & Associates, Inc. 401(k) Plan $2.0B · 8,887
Ashland Employee Savings Plan $1.3B · 1,405

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 Scandrill, Inc. 401(k) Plan in TX ($16M); by covered participants it is Z & Z Holding Company, Inc. 401(k) Profit Sharing Plan in OR (156 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16M here).

Scandrill, Inc. 401(k) Plan (TX) $16M · 357
Aronov 401(k) Plan (AL) $16M · 112
Graphite Metallizing Corporation 401(k) Plan (NY) $16M · 51
Century Bank and Trust Employees Stock Ownership Plan and Trust (MI) $16M · 82

Similar participant headcount

Nearest other-state filings by covered participants (156 participants); asset peers above are excluded.

Z & Z Holding Company, Inc. 401(k) Profit Sharing Plan (OR) 156 · 0 off
Wecare Tlc, LLC 401(k) Profit Sharing Plan (FL) 156 · 0 off
Boone Drugs, Inc. Savings Plus Plan (NC) 156 · 0 off
Bauer Equipment America Inc 401(k) Plan (TX) 156 · 0 off

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 Covation Savings Plan assets move in 2024? ▼

Covation Savings Plan grew at a solid clip - up 11.8% during 2024, from $14M to $16M. Reported net income was $2M.

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 Scandrill, Inc. 401(k) Plan in TX ($16M, 357 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 Z & Z Holding Company, Inc. 401(k) Profit Sharing Plan in OR (156 participants, N/A 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 861255351.