401(k) · DOL Form 5500 · 2022

Akorn Operating Company LLC 401(k) Plan

Data updated 2026-08-25

$92M
Total assets Below avg plan size
1,367
Participants Near avg headcount
92nd
Percentile by assets National rank
$67,016
Avg per participant Below avg balance/head
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Official DOL plan name: Smart Choice Akorn, Inc. 401(k) Retirement Plan · Sponsored by Akorn Operating Company LLC · Pennsylvania · Manufacturing

$92M in assets, 1,367 participants

Akorn Operating Company LLC's Smart Choice Akorn, Inc. 401(k) Retirement Plan reported $92M in total assets and 1,367 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #18,171 in Manufacturing (20,602 peers)

Where Smart Choice Akorn, Inc. 401(k) Retirement Plan sits by assets

Smart Choice Akorn, Inc. 401(k) Retirement Plan sits in the top 10% of all filed plans by assets, $92M for 1,367 participants (~$67,016/participant), down 22.2% in 2022.

#18,171
in Manufacturing (20,602 peers)
-22.2%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $26M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Smart Choice Akorn, Inc. 401(k) Retirement Plan's outsized position by total assets

Smart Choice Akorn, Inc. 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$91,610,428 Top 8% higher than 92% of 139,123 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 2022

Smart Choice Akorn, Inc. 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smart Choice Akorn, Inc. 401(k) Retirement Plan lands in the large band (1,367 participants).

EBSA filing schedule strip

Filing strip 852826184 · Akorn Operating Company LLC PY 2022 · 401(k)

Smart Choice Akorn, Inc. 401(k) Retirement Plan · $92M · 1,367 · 92nd

  • SCH $92M
  • EBSA 1,367
  • PART 92nd
  • TYPE 401(k)
  • NET near Cv Services Group 401(k) Retirement Plan
  • BOOK ind #18171

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 Pennsylvania →

Smart Choice Akorn, Inc. 401(k) Retirement Plan in the asset neighbourhood

South Point Hotel and Casino 401(k) PlanSouth Point Hotel and Casino…$92MInficon Inc. 401(k) Plan$92MSmart Choice Akorn, Inc. 401(k) Retirement PlanSmart Choice Akorn, Inc. 401…$92MCv Services Group 401(k) Retirement PlanCv Services Group 401(k) Ret…$92MHeffernan Insurance Brokers 401(k) PlanHeffernan Insurance Brokers …$92M
End-of-year total assets ($M) among Smart Choice Akorn, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$118M
Net Assets (End of Year)$92M
Net Income-$26M
Employer EIN852826184
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Akorn Operating Company LLC)

Sponsor-wide plan assets over time

All Akorn Operating Company LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1K 99.99882436964491% vs 2022
2023 filing year
$0M$50M$100M$150M 20222023 $91.6M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 1,367 $92M
2023 2 931 $1K

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smart Choice Akorn, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Smart Choice Akorn, Inc. 401(k) Retirement Plan, Total assets ($B): 0.091610428 · Participants: 1367Smart Choice Akorn, Inc. 401(k) Retirement PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 14.751564896 · Participants: 97769Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 11.46087279 · Participants: 66147Cigna 401(k) PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 8.11713 · Participants: 59451The PNC Financial Services Group, Inc. Incentive Savings PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 8.097254785 · Participants: 17073The Vanguard Retirement and Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 7.823164827 · Participants: 25071The Bank of New York Mellon Corporation 401(k) Savings Plan
Smart Choice Akorn, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Smart Choice Akorn, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Smart Choice Akorn, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Cv Services Group 401(k) Retirement Plan in VA ($92M); by covered participants it is Crane Companies 401(k) Plan in TX (1,367 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($92M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,367 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Smart Choice Akorn, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Smart Choice Akorn, Inc. 401(k) Retirement Plan declined sharply - down 22.2% during 2022, from $118M to $92M. Reported net income was -$26M.
How have Akorn Operating Company LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Akorn Operating Company LLC's sponsor-wide assets declined 100.0%, from $92M to $1K.
Where does Smart Choice Akorn, Inc. 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Smart Choice Akorn, Inc. 401(k) Retirement Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Smart Choice Akorn, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cv Services Group 401(k) Retirement Plan in VA ($92M, 469 participants).
Which 401(k) plans cover a similar participant headcount to Smart Choice Akorn, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Crane Companies 401(k) Plan in TX (1,367 participants, $56M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 852826184.

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.