Defined Benefit (Pension) · DOL Form 5500 · 2024

Okonite Company Inc Pension Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
512
Participants Below avg headcount
85th
Percentile by assets National rank
$105,060
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

$54M in assets, 512 participants

Okonite Company Inc's The Okonite Company Hourly Employees Pension Plan reported $54M in total assets and 512 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.

  • #13,960 in Manufacturing (17,777 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, $54M for 512 participants (~$105,060/participant), down 2.1% in 2024.

#13,960
in Manufacturing (17,777 peers)
-2.1%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$53,790,763 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 Hourly Employees 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 Hourly Employees Pension Plan sits mid-pack in the medium band (512 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Okonite Company Hourly Employees Pension Plan reported net income fell from $1M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • The Okonite Company Hourly Employees Pension Plan reported participants rose from 490 in the plan year 2023 filing to 512 in the plan year 2024 filing.
  • The Okonite Company Hourly Employees Pension Plan end-of-year assets fell from $55M in the plan year 2023 filing to $54M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

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

The Okonite Company Hourly Employees Pension Plan · $54M · 512 · 85th

  • ASSETS $54M
  • ASSETS 512
  • ASSETS 85th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Front Porch Retirement Income Plan
  • ASSETS ind #13960

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 Scotts Company LLC Associates' Pension PlanThe Scotts Company LLC Assoc…$54MThe Okonite Company Hourly Employees Pension PlanThe Okonite Company Hourly E…$54MFront Porch Retirement Income PlanFront Porch Retirement Incom…$54MDerrickmens Pension Fund, Local 197Derrickmens Pension Fund, Lo…$54MSouthwest Marine Pension TrustSouthwest Marine Pension Tru…$54M
End-of-year total assets ($M) among The Okonite Company Hourly Employees Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$54M
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): 0.053790763 · Participants: 512The Okonite Company Hourly Employees 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 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 Front Porch Retirement Income Plan in CA ($54M); by covered participants it is Lewis Brothers Bakeries, Inc. Pension Plan in IN (512 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($54M here).

Similar participant headcount

Nearest other-state filings by covered participants (512 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 Hourly Employees Pension Plan assets move in 2024? ▼
The Okonite Company Hourly Employees Pension Plan edged down modestly - down 2.1% during 2024, from $55M to $54M. 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 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 Hourly Employees Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Front Porch Retirement Income Plan in CA ($54M, 436 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 Lewis Brothers Bakeries, Inc. Pension Plan in IN (512 participants, $70M 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.