Defined Benefit (Pension) · DOL Form 5500 · 2022
Okonite Company Inc Pension Plan
Data updated 2026-08-11
- $54M
- Total assets
- 483
- Participants
- 89th
- Percentile by assets
- $110,945
- Avg per participant
Official DOL plan name: The Okonite Company Hourly Employees Pension Plan · Sponsored by Okonite Company Inc · New Jersey · Manufacturing
$54M in assets, 483 participants
Okonite Company Inc's The Okonite Company Hourly Employees Pension Plan reported $54M in total assets and 483 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.
- 89th percentile by assets (of 139,126 plans)
- #17,112 in Manufacturing (20,602 peers)
Where The Okonite Company Hourly Employees Pension Plan sits by assets
The Okonite Company Hourly Employees Pension Plan sits in the top quartile of all filed plans by assets, $54M for 483 participants (~$110,945/participant), down 21.0% in 2022.
- $54M
- total plan assets (2022 EOY)
- 483
- covered participants
- 89th
- percentile by assets (of 139,126 plans)
- $110,945
- avg assets per participant
The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Okonite Company Hourly Employees Pension Plan vs the 2022 asset distribution
By assets, The Okonite Company Hourly Employees Pension Plan outranks 89% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $68M |
|---|---|
| Net Assets (End of Year) | $54M |
| Net Income | -$14M |
| Employer EIN | 222279445 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Okonite Company Inc)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 2,645 | $567M |
| 2023 | 5 | 2,652 | $623M |
| 2024 | 5 | 2,760 | $651M |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Okonite Company Hourly Employees Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $19.8B · 38,100
- JPMorgan Chase Retirement Plan $14.8B · 102,340
- Nokia Retirement Income Plan $14.5B · 7,413
- The Prudential Merged Retirement Plan $12.3B · 17,538
- Verizon Pension Plan for Associates $10.9B · 25,746
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Okonite Company Hourly Employees Pension Plan by total assets, not by location.
Frequently Asked Questions
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Ways to act on The Okonite Company Hourly Employees Pension Plan's numbers.
- By total assets, The Okonite Company Hourly Employees Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Okonite Company Inc's sponsor-wide assets have grown 14.9% since 2022 across 3 plan years on file. More Manufacturing plans