Island Kinetics, Inc. DBA Covalence Laboratories 401(k) match, vesting and fees
What Island Kinetics, Inc. DBA Covalence Laboratories' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Rp&B, Inc., Apac (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Island Kinetics, Inc. DBA Covalence Laboratories: employer contribution per participant | $341 | |
| Peer median | $1,847 |
| Island Kinetics, Inc. DBA Covalence Laboratories: average balance | $49,240 | |
| Peer median | $65,512 |
| Island Kinetics, Inc. DBA Covalence Laboratories: admin expenses ÷ assets | 0.81% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $7M at the end of plan year 2021 to $8.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 197 | $8.6M | $60K | $341 | 0.81% | Not published | Form 5500 ↗ |
| 2023 | 189 | $7.8M | $49K | $300 | 0.78% | Not published | Form 5500 ↗ |
| 2022 | 163 | $6.5M | $50K | $347 | 0.68% | Not published | Form 5500 ↗ |
| 2021 | 197 | $7M | $46K | $277 | 0.86% | Not published | Form 5500 ↗ |
Other Island Kinetics, Inc. DBA Covalence Laboratories plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Island Kinetics, Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Rp&B, Inc., Apac (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Island Kinetics, Inc. DBA Covalence Laboratories match 401(k) contributions?
The match terms for the Island Kinetics, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $60K in employer contributions, about $341 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Island Kinetics, Inc. DBA Covalence Laboratories 401(k) match vested?
The vesting schedule for the Island Kinetics, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Island Kinetics, Inc. DBA Covalence Laboratories 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Island Kinetics, Inc. DBA Covalence Laboratories.
I left Island Kinetics, Inc. DBA Covalence Laboratories. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Island Kinetics, Inc. DBA Covalence Laboratories, (480) 897-0551) or the recordkeeper, Empower Annuity Insurance Company. The Island Kinetics, Inc. DBA Covalence Laboratories old 401(k) page lists the contacts from every plan filing. Find an old Island Kinetics, Inc. DBA Covalence Laboratories 401(k)
Data from the public Form 5500 annual reports Island Kinetics, Inc. DBA Covalence Laboratories filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Island Kinetics, Inc. DBA Covalence Laboratories. Not financial advice. Report a correction · Methodology