Plan5500

Island Kinetics, Inc. 401(K) Plan — Form 5500 plan (Island Kinetics, Inc. Dba Covalence Laboratories)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Island Kinetics, Inc. 401(K) Plan is a benefit plan reported by Island Kinetics, Inc. Dba Covalence Laboratories under EIN 86-0833270 and plan number 001. The latest loaded filing year is 2023. The filing reports 163 participants and $7,767,839 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.8MPlan net assets, end of year$7,767,839
Participants163Covered participants reported
Assets / participant$47.7KComputed: assets ÷ participants$47,655 (computed)
Provider compensation$69.2K3 Schedule C provider row(s)$69,151
Plan sponsor
Island Kinetics, Inc. Dba Covalence Laboratories
EIN
86-0833270
Plan number
001
Plan type
2
Location
Chandler, AZ
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    163 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$7.8M total assets
Net assets$7.8MLiabilities$0
Money in vs. money out
Total income / additions$2.1M
Total expenses$800.5K
Benefits paid / distributions$735.7K
Contributions
Employer$48.9K
Participant$452.2K
Full reported line items

Net assets

Total assets (EOY)
$7,767,839
Total liabilities (EOY)
$0
Net assets (EOY)
$7,767,839
Net assets (BOY)
$6,452,727

Income & contributions

Employer contributions
$48,929
Participant contributions
$452,229
Total contributions
$1,151,218
Total income / additions
$2,115,583

Expenses & distributions

Benefits paid
$735,713
Administrative expenses
$55,281
Total expenses
$800,471
Net increase / (decrease)
$1,315,112
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 10%Participant 90%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Fisher Asset Managment LLC$34.3K
    INVESTMENT ADVISOR · Direct $34.3K
  2. 2
    Empower Annuity Insurance Company$24K
    RECORD KEEPER · Direct $24K · Indirect $0
  3. 3
    Matthews Gold Kennedy & Snow Inc$10.9K
    CONTRACT ADMIN · Direct $5.1K · Indirect $5.8K

Related Form 5500 pages