Plan5500

The Okonite Company Hourly Employees Pension Plan — Form 5500 plan (Okonite Company Inc)

Plain-English plan 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, The Okonite Company Hourly Employees Pension Plan is a benefit plan reported by Okonite Company Inc under EIN 22-2279445 and plan number 010. The latest loaded filing year is 2023. The filing reports 1,352 participants and $54,960,822 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Okonite Company Inc
EIN
22-2279445
Plan number
010
Plan type
2
Location
Ramsey, NJ
Latest filing year
2023
Participants
1,352
End-of-year plan assets
$54,960,822

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,352H, C20241010153737NAL0010201891001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$54,960,822
Total liabilities (EOY)
$0
Net assets (EOY)
$54,960,822
Net assets (BOY)
$53,586,454

Income & contributions

Employer contributions
$0
Total contributions
$0
Total income / additions
$6,148,408

Expenses & distributions

Benefits paid
$4,591,703
Administrative expenses
$182,337
Total expenses
$4,774,040
Net increase / (decrease)
$1,374,368

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
The Northern Trust CompanyTRUSTEE$182,336not reported in the loaded dataset2023
Mercer Human Resource ConsultingACTUARY$0$109,0002023
CohnreznickAUDITING$0$23,5002023

Related Form 5500 pages