Employer · plans filed under one EIN
Okonite Company Inc.
Ramsey, NJ · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
5 retirement plans with 100 or more participants file Form 5500 under Okonite Company Inc.'s employer identification number (Ramsey, New Jersey). Their latest filings total 4,671 participant records and $651M in net assets.
The largest is Okonite Company Employees Stock Ownership Plan, an employee stock ownership plan with 1,742 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $34.5M and participant contributions $5.2M in the latest plan years; benefits paid were $52.9M. Schedule C compensation reported to service provider organisations totalled $1.0M.
Combined net assets moved from $189M in 2009 to $651M in 2024 (up 244%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Okonite Company Employees Stock Ownership Plan | employee stock ownership plan | 2024 | 1,742 | $446M | $256,171 | $27,451 | $130K |
| The Okonite Company Hourly Employees Pension Plan | defined benefit pension plan | 2024 | 1,279 | $53.8M | $42,057 | $0 | $328K |
| The Okonite Company 401(k) Savings Plan | 401(k) plan | 2024 | 842 | $86.6M | $102,859 | $1,426 | $24K |
| The Okonite Company Cash Balance Pension Plan | cash balance pension plan | 2024 | 490 | $55.0M | $112,219 | $7,009 | $375K |
| The Okonite Company Orangeburg Hourly Employees Pension Plan | defined benefit pension plan | 2024 | 318 | $9.8M | $30,923 | — | $150K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 5 | 4,671 | $651M | $34.5M | $5.2M |
| 2023 | 5 | 4,682 | $618M | $22.7M | $4.9M |
| 2022 | 5 | 4,711 | $567M | $19.3M | $4.3M |
| 2021 | 5 | 4,679 | $537M | $17.1M | $3.9M |
| 2020 | 5 | 4,750 | $470M | $8.1M | $3.7M |
| 2019 | 5 | 4,748 | $409M | $12.9M | $3.5M |
| 2018 | 5 | 4,697 | $347M | $16.2M | $3.4M |
| 2017 | 5 | 4,678 | $353M | $25.3M | $3.3M |
| 2016 | 5 | 4,633 | $333M | $15.7M | $3.1M |
| 2015 | 5 | 4,148 | $247M | $10.9M | $3.2M |
| 2014 | 5 | 4,059 | $250M | $12.9M | $2.8M |
| 2013 | 5 | 4,057 | $240M | $13.8M | $2.7M |
| 2012 | 5 | 4,085 | $227M | $16.8M | $2.4M |
| 2011 | 5 | 4,008 | $207M | $12.9M | $2.3M |
| 2010 | 5 | 4,056 | $195M | $8.9M | $2.3M |
| 2009 | 5 | 4,068 | $189M | $10.5M | $2.3M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| The Northern Trust Company | Investment advisory (participants) | 3 | $420,089 |
| Mercer Human Resource Consulting | Actuarial | 4 | $395,245 |
| Cohnreznick LLP | Accounting (including auditing) | 4 | $96,000 |
| PNC Advisors | Trustee (bank, trust company, or similar financial institution) | 1 | $41,775 |
| Marshall and Stevens | Valuation (appraisals, etc.) | 1 | $30,651 |
| Transamerica Retirement Solutions | Claims processing; Recordkeeping and information management; Investment management; Participant loan processing | 1 | $23,181 |
| Charles Schwab & Co., Inc. | Securities brokerage | 1 | $401 |
| National Financial Services | Securities brokerage | 1 | $0 |
| Mid Atlantic Capital Corporation | Securities brokerage | 1 | $0 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Okonite Company Inc. have?
5 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Okonite Company Employees Stock Ownership Plan, The Okonite Company Hourly Employees Pension Plan, The Okonite Company 401(k) Savings Plan and The Okonite Company Cash Balance Pension Plan and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Okonite Company Inc. contribute to its plans?
$34,453,045 in employer contributions across these plans in their latest plan years, about $12,442 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name The Northern Trust Company, Mercer Human Resource Consulting, Cohnreznick LLP and PNC Advisors and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.