401(k) · DOL Form 5500 · 2023

The Esab Group, Inc. 401(k) Plan

Data updated 2026-08-25

$201M
Total assets Near avg plan size
1,034
Participants Near avg headcount
95th
Percentile by assets National rank
$194,507
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#17,191
in Manufacturing (18,722 peers)
+17.0%
assets growth YoY
2.0×
vs typical plan assets (national mean)

The Esab Group, Inc. 401(k) Retirement Savings Plan's outsized position 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 $2,050,000,000 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

The Esab Group, Inc. 401(k) Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Esab Group, Inc. 401(k) Retirement Savings Plan lands in the large band (1,034 participants).

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 →

DOL schedule card

Filing strip 840966648 · The Esab Group, Inc. PY 2023 · 401(k)

The Esab Group, Inc. 401(k) Retirement Savings Plan · $201M · 1,034 · 95th

  • TYPE $201M
  • NET 1,034
  • BOOK 95th
  • VS-ST 401(k)
  • BOY near Transcore 401(k) Retirement Plan
  • SCH ind #17191

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Maryland →

The Esab Group, Inc. 401(k) Retirement Savings Plan in the asset neighbourhood

Braskem Retirement Savings PlanBraskem Retirement Savings P…$201MSheet Metal Workers Union Local 38 Profit Sharing FundSheet Metal Workers Union Lo…$201MThe Esab Group, Inc. 401(k) Retirement Savings PlanThe Esab Group, Inc. 401(k) …$201MTranscore 401(k) Retirement PlanTranscore 401(k) Retirement …$201MMesirow Financial Savings PlanMesirow Financial Savings Pl…$201M
End-of-year total assets ($M) among The Esab Group, Inc. 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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.)

Sponsor-wide plan assets over time

All The Esab Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$362M 12.701201459705883% vs 2022
2024 filing year
$300M$320M$340M$360M$380M 202220232024 $321M $362M ▲ +12.7%
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 Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants The Esab Group, Inc. 401(k) Retirement Savings Plan, Total assets ($B): 0.20112066 · Participants: 1034The Esab Group, Inc. 401(k) Retirement Savings PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
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 Savings Plan side-by-side with 3 peers →

The Esab Group, Inc. 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Transcore 401(k) Retirement Plan in TN ($201M); by covered participants it is Compass Minerals International, Inc. 401(k) Savings Plan in KS (1,034 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($201M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,034 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to The Esab Group, Inc. 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Compass Minerals International, Inc. 401(k) Savings Plan in KS (1,034 participants, $153M in assets).

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.