Defined Benefit (Pension) · DOL Form 5500 · 2023

Okonite Company Inc Pension Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
490
Participants Below avg headcount
86th
Percentile by assets National rank
$112,165
Avg per participant Below avg balance/head
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Official DOL plan name: The Okonite Company Hourly Employees Pension Plan · Sponsored by Okonite Company Inc · New Jersey · Manufacturing

$55M in assets, 490 participants

Okonite Company Inc's The Okonite Company Hourly Employees Pension Plan reported $55M in total assets and 490 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #15,040 in Manufacturing (18,722 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, $55M for 490 participants (~$112,165/participant), up 2.6% in 2023.

#15,040
in Manufacturing (18,722 peers)
+2.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The Okonite Company Hourly Employees Pension Plan's outsized position by total assets

The Okonite Company Hourly Employees Pension Plan vs every filed plan by assets

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

$54,960,822 Top 14% higher than 86% 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

The Okonite Company Hourly Employees Pension 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. The Okonite Company Hourly Employees Pension Plan sits mid-pack in the medium band (490 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Okonite Company Hourly Employees Pension Plan reported net income rose from -$14M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • The Okonite Company Hourly Employees Pension Plan end-of-year assets rose from $54M in the plan year 2022 filing to $55M in the plan year 2023 filing.
  • The Okonite Company Hourly Employees Pension Plan reported participants rose from 483 in the plan year 2022 filing to 490 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 222279445 · Okonite Company Inc PY 2023 · Defined Benefit (Pension)

The Okonite Company Hourly Employees Pension Plan · $55M · 490 · 86th

  • PCT $55M
  • EIN 490
  • RANK 86th
  • PHOTO Defined Benefit (Pension)
  • IND near Wabtec Consolidated Pension Plan
  • EOY ind #15040

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 New Jersey →

The Okonite Company Hourly Employees Pension Plan in the asset neighbourhood

The Wooster Brush Company Retirement PlanThe Wooster Brush Company Re…$55MThe Okonite Company Hourly Employees Pension PlanThe Okonite Company Hourly E…$55MWabtec Consolidated Pension PlanWabtec Consolidated Pension …$55MPension Plan of the Florida Trowel Trades Pension Trust FundPension Plan of the Florida …$55MThe Consolidated Retirement PlanThe Consolidated Retirement …$55M
End-of-year total assets ($M) among The Okonite Company Hourly Employees Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$55M
Net Income$1M
Employer EIN222279445
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Okonite Company Inc)

Sponsor-wide plan assets over time

All Okonite Company Inc plans reported in each filing year

Latest sponsor-wide plan assets
$651M 14.926673932659218% vs 2022
2024 filing year
$550M$600M$650M$700M 202220232024 $567M $651M ▲ +14.9%
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 Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants The Okonite Company Hourly Employees Pension Plan, Total assets ($B): 0.054960822 · Participants: 490The Okonite Company Hourly Employees Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
The Okonite Company Hourly Employees Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare The Okonite Company Hourly Employees Pension Plan side-by-side with 3 peers →

The Okonite Company Hourly Employees Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Wabtec Consolidated Pension Plan in PA ($55M); by covered participants it is National Fuel Gas Company Retirement Plan in NY (489 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (490 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 The Okonite Company Hourly Employees Pension Plan assets move in 2023? ▼
The Okonite Company Hourly Employees Pension Plan edged up modestly - up 2.6% during 2023, from $54M to $55M. Reported net income was $1M.
How have Okonite Company Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Okonite Company Inc's sponsor-wide assets grew 14.9%, from $567M to $651M.
Where does The Okonite Company Hourly Employees Pension Plan rank by assets among Form 5500 filers? ▼
The Okonite Company Hourly Employees Pension Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Okonite Company Hourly Employees Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Wabtec Consolidated Pension Plan in PA ($55M, 184 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Okonite Company Hourly Employees Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is National Fuel Gas Company Retirement Plan in NY (489 participants, $1.1B 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 222279445.

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.