# Okonite Company INC DB Plan
Source: https://planprovider.pro/companies/okonite-company-inc-plan-011

> Okonite Company INC's DB plan: 228 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Okonite Company INC

- **Sponsor EIN:** 222279445

- **Sponsor Address:** P O BOX 340, RAMSEY, NJ, 074460340

- **Plan Type:** DB

- **Total Participants:** 228

- **Total Assets:** $9.8M

## 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|228|$9.8M|$0|$0|

| 2023|223|$10.0M|$0|$0|

| 2022|218|$9.6M|$640,000|$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|$32,790|—|—|—|—|

| 2023|$32,370|—|—|—|—|

| 2022|$30,023|—|—|—|—|

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