The Okonite Company Inc.ESOP
OKONITE COMPANY EMPLOYEES STOCK OWNERSHIP PLAN · RAMSEY, NJ · plan year 2024
The Okonite Company Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $446,250,000 across 0 participant accounts, with employer contributions averaging $27,451 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 132nd-largest of 2,419 plans among New Jersey employers on file, and the 629th of 13,661 in manufacturing.
The Okonite Company Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 222279445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.