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 Cash Balance Pension Plan is a benefit plan reported by Okonite Company, Inc. under EIN 22-2279445 and plan number 100. The latest loaded filing year is 2023. The filing reports 563 participants and $60,793,071 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $60,793,071
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $60,793,071
- Net assets (BOY)
- $63,822,737
Income & contributions
- Employer contributions
- $830,000
- Total contributions
- $830,000
- Total income / additions
- $5,849,751
Expenses & distributions
- Benefits paid
- $8,659,382
- Administrative expenses
- $220,035
- Total expenses
- $8,879,417
- Net increase / (decrease)
- -$3,029,666