Plan Snapshot
- Plan Sponsor: Okonite Company INC
- Sponsor EIN: 222279445
- Sponsor Address: TREASURY DEPT, RAMSEY, NJ, 074460340
- Plan Type: DB
- Total Participants: 517
- Total Assets: $53.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 517 | $53.8M | $0 | $0 |
| 2023 | 512 | $55.0M | $0 | $0 |
| 2022 | 490 | $53.6M | $960,000 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| COHNREZNICK | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $178,851 | — | — | — | — |
| 2023 | $182,337 | — | — | — | — |
| 2022 | $202,212 | — | — | — | — |