2023 Form 5500 filing — The Okonite Company Hourly Employees Pension Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010153737NAL0010201891001) for The Okonite Company Hourly Employees Pension Plan, reported by Okonite Company Inc under EIN 22-2279445 and plan number 010. It reports 1,352 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010153737NAL0010201891001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Okonite Company Inc
- EIN
- 22-2279445
- Plan number
- 010
- Location
- Ramsey, NJ
- Participants
- 1,352
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $54,960,822
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $54,960,822
- Employer contributions
- $0
- Total income / additions
- $6,148,408
- Benefits paid
- $4,591,703
- Administrative expenses
- $182,337
- Total expenses
- $4,774,040
- Net increase / (decrease)
- $1,374,368
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Northern Trust Company | TRUSTEE | $182,336 | not reported in the loaded dataset |
| Mercer Human Resource Consulting | ACTUARY | $0 | $109,000 |
| Cohnreznick | AUDITING | $0 | $23,500 |