Defined Benefit (Pension) · DOL Form 5500 · 2024

Okonite Company, Inc. Pension Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
120
Participants Small participant base
85th
Percentile by assets National rank
$458,229
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

$55M in assets, 120 participants

Okonite Company, Inc.'s The Okonite Company Cash Balance Pension Plan reported $55M in total assets and 120 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #14,018 in Manufacturing (17,777 peers)

Coverage in New Jersey

The Okonite Company Cash Balance Pension Plan covers 120 participants in New Jersey, about 14% of the average New Jersey filer (state average ~844 per filing). Assets: $55M.

#14,018
in Manufacturing (17,777 peers)
-9.5%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $6M 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 2024 · DOL Form 5500

$54,987,420 Top 15% higher than 85% of 123,620 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 2024

The Okonite Company Cash Balance Pension Plan among mid-size filed plans by headcount

Plan-year 2024 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 (120 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Okonite Company Cash Balance Pension Plan reported net income fell from -$3M in the plan year 2023 filing to -$6M in the plan year 2024 filing.
  • The Okonite Company Cash Balance Pension Plan end-of-year assets fell from $61M in the plan year 2023 filing to $55M in the plan year 2024 filing.
  • The Okonite Company Cash Balance Pension Plan reported participants fell from 129 in the plan year 2023 filing to 120 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 222279445 · Okonite Company, Inc. PY 2024 · Defined Benefit (Pension)

The Okonite Company Cash Balance Pension Plan · $55M · 120 · 85th

  • NET $55M
  • BOOK 120
  • VS-ST 85th
  • BOY Defined Benefit (Pension)
  • SCH near W.R. Grace & Co. Retirement Plan for Curtis Bay Plant
  • EBSA ind #14018

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

Plumbers & Steamfitters Local 83 Pension FundPlumbers & Steamfitters Loca…$55MThe Okonite Company Cash Balance Pension PlanThe Okonite Company Cash Bal…$55MW.R. Grace & Co. Retirement Plan for Curtis Bay PlantW.R. Grace & Co. Retirement …$55MBessemer Non-Contributory Pension PlanBessemer Non-Contributory Pe…$55MService Federal Credit Union Retirement Pension PlanService Federal Credit Union…$55M
End-of-year total assets ($M) among The Okonite Company Cash Balance Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$55M
Net Income-$6M
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): 0.05498742 · Participants: 120The Okonite Company Cash Balance Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.095569114 · Participants: 37882Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.066557714 · Participants: 83812JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 12.855309 · Participants: 7280Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.025028912 · Participants: 16233The Prudential Merged Retirement PlanMerck US Pension Plan, Total assets ($B): 10.090083286 · Participants: 26843Merck US Pension Plan
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 W.R. Grace & Co. Retirement Plan for Curtis Bay Plant in MD ($55M); by covered participants it is Orthocarolina Cash Balance Pension Plan in NC (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
The Okonite Company Cash Balance Pension Plan pulled back noticeably - down 9.5% during 2024, from $61M to $55M. Reported net income was -$6M.
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 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 W.R. Grace & Co. Retirement Plan for Curtis Bay Plant in MD ($55M, 319 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 Orthocarolina Cash Balance Pension Plan in NC (120 participants, $34M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.