401(k) · DOL Form 5500 · 2023

Ipg Photonics Corporation 401(k) Plan

Data updated 2026-08-25

$255M
Total assets Near avg plan size
2,177
Participants Above avg headcount
96th
Percentile by assets National rank
$117,247
Avg per participant Below avg balance/head
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Official DOL plan name: Ipg Photonics Corporation 401(k) Retirement Plan · Sponsored by Ipg Photonics Corporation · Massachusetts · Manufacturing

$255M in assets, 2,177 participants

Ipg Photonics Corporation's Ipg Photonics Corporation 401(k) Retirement Plan reported $255M in total assets and 2,177 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,430 in Manufacturing (18,722 peers)

Coverage in Massachusetts

Ipg Photonics Corporation 401(k) Retirement Plan covers 2,177 participants in Massachusetts, 3.3x the typical Massachusetts plan (state average ~659 per filing). Assets: $255M.

#17,430
in Manufacturing (18,722 peers)
+20.3%
assets growth YoY
2.6×
vs typical plan assets (national mean)

Ipg Photonics Corporation 401(k) Retirement Plan's outsized position by total assets

Ipg Photonics Corporation 401(k) Retirement Plan vs every filed plan by assets

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

$255,246,901 Top 4% higher than 96% 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

Ipg Photonics Corporation 401(k) Retirement 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. Ipg Photonics Corporation 401(k) Retirement Plan lands in the large band (2,177 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ipg Photonics Corporation 401(k) Retirement Plan reported net income rose from -$35M in the plan year 2022 filing to $43M in the plan year 2023 filing.
  • Ipg Photonics Corporation 401(k) Retirement Plan end-of-year assets rose from $212M in the plan year 2022 filing to $255M in the plan year 2023 filing.
  • Ipg Photonics Corporation 401(k) Retirement Plan reported participants fell from 2,191 in the plan year 2022 filing to 2,177 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 043444218 · Ipg Photonics Corporation PY 2023 · 401(k)

Ipg Photonics Corporation 401(k) Retirement Plan · $255M · 2,177 · 96th

  • EBSA $255M
  • PART 2,177
  • TYPE 96th
  • NET 401(k)
  • BOOK near West Virginia University Health System 401(k) Plan
  • VS-ST ind #17430

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 Massachusetts →

Ipg Photonics Corporation 401(k) Retirement Plan in the asset neighbourhood

Miter Brands 401(k) Plan$255MIpg Photonics Corporation 401(k) Retirement PlanIpg Photonics Corporation 40…$255MWest Virginia University Health System 401(k) PlanWest Virginia University Hea…$255MCleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings PlanCleveland-Cliffs Inc. & Its …$255MNmb (USA) Inc. Retirement Savings Plus PlanNmb (USA) Inc. Retirement Sa…$255M
End-of-year total assets ($M) among Ipg Photonics Corporation 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$212M
Net Assets (End of Year)$255M
Net Income$43M
Employer EIN043444218
Plan Effective Date1999-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ipg Photonics Corporation)

Sponsor-wide plan assets over time

All Ipg Photonics Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$289M 36.15431454323001% vs 2022
2024 filing year
$200M$250M$300M 202220232024 $212M $289M ▲ +36.2%
Year Plans Participants Total Assets
2022 1 2,191 $212M
2023 1 2,177 $255M
2024 1 2,285 $289M

Nearby 401(k) Plans in Massachusetts

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

Ipg Photonics Corporation 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Ipg Photonics Corporation 401(k) Retirement Plan, Total assets ($B): 0.255246901 · Participants: 2177Ipg Photonics Corporation 401(k) Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Ipg Photonics Corporation 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Ipg Photonics Corporation 401(k) Retirement Plan side-by-side with 3 peers →

Ipg Photonics Corporation 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is West Virginia University Health System 401(k) Plan in WV ($255M); by covered participants it is Baylor Affiliated Services Retirement Savings Plan in TX (2,177 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,177 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 Ipg Photonics Corporation 401(k) Retirement Plan assets move in 2023? ▼
Ipg Photonics Corporation 401(k) Retirement Plan grew sharply - up 20.3% during 2023, from $212M to $255M. Reported net income was $43M.
How have Ipg Photonics Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ipg Photonics Corporation's sponsor-wide assets grew 36.2%, from $212M to $289M.
Where does Ipg Photonics Corporation 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Ipg Photonics Corporation 401(k) Retirement Plan ranks in the 96th 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 Ipg Photonics Corporation 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is West Virginia University Health System 401(k) Plan in WV ($255M, 2,525 participants).
Which 401(k) plans cover a similar participant headcount to Ipg Photonics Corporation 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Baylor Affiliated Services Retirement Savings Plan in TX (2,177 participants, $205M 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 043444218.

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.