Okonite Company, Inc.
71
Plan:
42
72
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (71) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $112,900 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Okonite Company Employee Stock Ownership is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Company Generosity, Participation Rate, and Total Plan Cost. Okonite Company Employee Stock Ownership currently has over 1,500 active participants and over $120.0M in plan assets.
Retirement Plan Details
| Address |
P O Box 340
Ramsey, NJ 07446-0340 |
| Industry | Manufacturing |
| Administrator | David Mitchell |
| Net Plan Assets | $120,000,000 |
| Total Participants | 1,500 |
| Avg Account Balance | $79,000 |
Compare Other Companies in Peer Group
| Electro Scientific Industries | 75.0 |
| Yaskawa Electric America | 73.3 |
| Legrand Holding | 73.2 |
| Powell Industries | 69.5 |
| OSI Systems | 67.3 |
| Morganite Industries | 66.6 |
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