401(k) · DOL Form 5500 · 2023

Akorn Operating Company LLC 401(k) Plan

Data updated 2026-08-25

$1K
Total assets Small plan by assets
931
Participants Near avg headcount
1st
Percentile by assets National rank
$1
Avg per participant Low 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

$1K in assets, 931 participants

Akorn Operating Company LLC's Smart Choice Akorn, Inc. 401(k) Retirement Plan reported $1K in total assets and 931 participants in its 2023 DOL Form 5500 filing, ranking in the 1st 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.

  • #48 in Manufacturing (18,722 peers)

Akorn Operating Company LLC multi-year trail

Akorn Operating Company LLC's plans moved -100.0% in assets from 2022 to 2023; this filing shows Smart Choice Akorn, Inc. 401(k) Retirement Plan at $1K / 931 participants.

#48
in Manufacturing (18,722 peers)
-100.0%
assets change YoY

The plan reported a net loss of $92M 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 among the smaller filed plans by assets

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,077 1st percentile higher than 1% of 127,068 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 2023

Smart Choice Akorn, Inc. 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smart Choice Akorn, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (931 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Smart Choice Akorn, Inc. 401(k) Retirement Plan reported net income fell from -$26M in the plan year 2022 filing to -$92M in the plan year 2023 filing.
  • Smart Choice Akorn, Inc. 401(k) Retirement Plan end-of-year assets fell from $92M in the plan year 2022 filing to $1K in the plan year 2023 filing.
  • Smart Choice Akorn, Inc. 401(k) Retirement Plan reported participants fell from 1,367 in the plan year 2022 filing to 931 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 852826184 · Akorn Operating Company LLC PY 2023 · 401(k)

Smart Choice Akorn, Inc. 401(k) Retirement Plan · $1K · 931 · 1st

  • RANK $1K
  • PHOTO 931
  • IND 1st
  • EOY 401(k)
  • 5500 near Marketing Holdings 401(k)
  • ASSETS ind #48

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

Smart Choice Akorn, Inc. 401(k) Retirement PlanSmart Choice Akorn, Inc. 401…$1KMarketing Holdings 401(k)$1KSeek Foam Corp. 401(k) Profit Sharing PlanSeek Foam Corp. 401(k) Profi…$1KAmerican Physician Partners 401(k) PlanAmerican Physician Partners …$1KNs2j, Inc. 401(k) Profit Sharing PlanNs2j, Inc. 401(k) Profit Sha…$1K
End-of-year total assets ($M) among Smart Choice Akorn, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Akorn Operating Company LLC multi-year asset trail

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

Akorn Operating Company LLC filing trail (2023)

Total Assets (Beginning of Year)$92M
Net Assets (End of Year)$1K
Net Income-$92M
Employer EIN852826184
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

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. -50000050000100000 -505101520 Total assets ($B) Participants Smart Choice Akorn, Inc. 401(k) Retirement Plan, Total assets ($B): 0.000001077 · Participants: 931Smart Choice Akorn, Inc. 401(k) Retirement PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The 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 Marketing Holdings 401(k) in KY ($1K); by covered participants it is Icims 401(k) Plan in NJ (931 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1K here).

Similar participant headcount

Nearest other-state filings by covered participants (931 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Smart Choice Akorn, Inc. 401(k) Retirement Plan contracted severely - down 100.0% during 2023, from $92M to $1K. Reported net income was -$92M.
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 1st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
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 Marketing Holdings 401(k) in KY ($1K, 1 participant).
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 Icims 401(k) Plan in NJ (931 participants, $92M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.