Defined Benefit (Pension) · DOL Form 5500 · 2023

Okonite Company, Inc. Pension Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
129
Participants Small participant base
87th
Percentile by assets National rank
$471,264
Avg per participant High balance/head
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Official DOL plan name: The Okonite Company Cash Balance Pension Plan · Sponsored by Okonite Company, Inc. · New Jersey · Manufacturing

$61M in assets, 129 participants

Okonite Company, Inc.'s The Okonite Company Cash Balance Pension Plan reported $61M in total assets and 129 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,259 in Manufacturing (18,722 peers)

Coverage in New Jersey

The Okonite Company Cash Balance Pension Plan covers 129 participants in New Jersey, about 15% of the average New Jersey filer (state average ~844 per filing). Assets: $61M.

#15,259
in Manufacturing (18,722 peers)
-4.7%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Okonite Company Cash Balance Pension Plan's outsized position by total assets

The Okonite Company Cash Balance Pension Plan vs every filed plan by assets

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

$60,793,071 Top 13% higher than 87% 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 Cash Balance 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 Cash Balance Pension Plan sits mid-pack in the medium band (129 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Okonite Company Cash Balance Pension Plan reported net income rose from -$26M in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • The Okonite Company Cash Balance Pension Plan reported participants fell from 142 in the plan year 2022 filing to 129 in the plan year 2023 filing.
  • The Okonite Company Cash Balance Pension Plan end-of-year assets fell from $64M in the plan year 2022 filing to $61M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

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

The Okonite Company Cash Balance Pension Plan · $61M · 129 · 87th

  • BOY $61M
  • SCH 129
  • EBSA 87th
  • PART Defined Benefit (Pension)
  • TYPE near Devro Employees Pension Plan
  • NET ind #15259

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 Cash Balance Pension Plan in the asset neighbourhood

Devro Employees Pension Plan$61MThe Okonite Company Cash Balance Pension PlanThe Okonite Company Cash Bal…$61MGroup Pension Plan for Employees of Staple Cotton Cooperative AssociationGroup Pension Plan for Emplo…$61MUnion Mutual Fund Pension PlanUnion Mutual Fund Pension Pl…$61MThe Pension Plan for Employees of the Ohio National Life Insurance CompanyThe Pension Plan for Employe…$61M
End-of-year total assets ($M) among The Okonite Company Cash Balance Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$61M
Net Income-$3M
Employer EIN222279445
Plan Effective Date2007-01-01
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 Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants The Okonite Company Cash Balance Pension Plan, Total assets ($B): 0.060793071 · Participants: 129The Okonite Company Cash Balance 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 Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare The Okonite Company Cash Balance Pension Plan side-by-side with 3 peers →

The Okonite Company Cash Balance 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 Devro Employees Pension Plan in SC ($61M); by covered participants it is Houston Pilots Retirement Plan and Trust in TX (129 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (129 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 Cash Balance Pension Plan assets move in 2023? ▼
The Okonite Company Cash Balance Pension Plan edged down modestly - down 4.7% during 2023, from $64M to $61M. Reported net income was -$3M.
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 Cash Balance Pension Plan rank by assets among Form 5500 filers? ▼
The Okonite Company Cash Balance Pension Plan ranks in the 87th 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 Cash Balance Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Devro Employees Pension Plan in SC ($61M, 57 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Okonite Company Cash Balance Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Houston Pilots Retirement Plan and Trust in TX (129 participants, $354M 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.