401(k) · DOL Form 5500 · 2023

The Esab Group, Inc. 401(k) Plan

Data updated 2026-08-11

$201M
Total assets
1,034
Participants
95th
Percentile by assets
$194,507
Avg per participant
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Official DOL plan name: The Esab Group, Inc. 401(k) Retirement Savings Plan · Sponsored by The Esab Group, Inc. · Maryland · Manufacturing

$201M in assets, 1,034 participants

The Esab Group, Inc.'s The Esab Group, Inc. 401(k) Retirement Savings Plan reported $201M in total assets and 1,034 participants in its 2023 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 95th percentile by assets (of 127,072 plans)
  • #17,191 in Manufacturing (18,722 peers)

Where The Esab Group, Inc. 401(k) Retirement Savings Plan sits by assets

The Esab Group, Inc. 401(k) Retirement Savings Plan sits in the top 5% of all filed plans by assets, $201M for 1,034 participants (~$194,507/participant), up 17.0% in 2023.

$201M
total plan assets (2023 EOY)
1,034
covered participants
95th
percentile by assets (of 127,072 plans)
$194,507
avg assets per participant

Where The Esab Group, Inc. 401(k) Retirement Savings Plan sits by total assets

The Esab Group, Inc. 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$201,120,660 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Esab Group, Inc. 401(k) Retirement Savings Plan reported net income rose from -$45M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • The Esab Group, Inc. 401(k) Retirement Savings Plan end-of-year assets rose from $172M in the plan year 2022 filing to $201M in the plan year 2023 filing.
  • The Esab Group, Inc. 401(k) Retirement Savings Plan reported participants fell from 1,125 in the plan year 2022 filing to 1,034 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Maryland
Industry
Manufacturing

The Esab Group, Inc. 401(k) Retirement Savings Plan vs the 2023 asset distribution

By assets, The Esab Group, Inc. 401(k) Retirement Savings Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$172M
Net Assets (End of Year)$201M
Net Income$21M
Employer EIN840966648
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Esab Group, Inc.)

$300M$320M$340M$360M$380M 202220232024 $321M $362M ▲ +12.7%
Total plan assets by year, all The Esab Group, Inc. plans on file
Year Plans Participants Total Assets
2022 2 1,312 $321M
2023 2 1,198 $347M
2024 2 1,304 $362M

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Esab Group, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants

The Esab Group, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants The Esab Group, Inc.…Lockheed Martin Corp…Marriott Retirement …T. Rowe Price U.S. R…Nfl Player Second Ca…Sodexo 401 (K) Emplo…
The Esab Group, Inc. 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare The Esab Group, Inc. 401(k) Retirement S… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Esab Group, Inc. 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did The Esab Group, Inc. 401(k) Retirement Savings Plan assets move in 2023? ▼
The Esab Group, Inc. 401(k) Retirement Savings Plan grew sharply - up 17.0% during 2023, from $172M to $201M. Reported net income was $21M.
How have The Esab Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Esab Group, Inc.'s sponsor-wide assets grew 12.7%, from $321M to $362M.
Where does The Esab Group, Inc. 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
The Esab Group, Inc. 401(k) Retirement Savings Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to The Esab Group, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Transcore 401(k) Retirement Plan in TN ($201M, 1,860 participants).

Next read for The Esab Group, Inc. 401(k) Retirement S…

Scale reading

Ways to act on The Esab Group, Inc. 401(k) Retirement Savings Plan's numbers.

  • By total assets, The Esab Group, Inc. 401(k) Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Maryland. Compare plans
  • The Esab Group, Inc.'s sponsor-wide assets have grown 12.7% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 840966648.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.