401(k) · DOL Form 5500 · 2023

Ipg Photonics Corporation 401(k) Plan

Data updated 2026-08-11

$255M
Total assets: 2,177
Participants: 96th
Percentile by assets: $117,247
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$255M
total plan assets (2023 EOY): 2,177
covered participants: 96th
percentile by assets (of 127,072 plans): $117,247
avg assets per participant

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 →

State

Massachusetts

Industry

Manufacturing

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Ipg Photonics Corporation 401(k) Retirement Plan reports 2,177 participants - 3.3x that state average ($255M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$212M
Net Assets (End of Year)	$255M
Net Income	$43M
Employer EIN	043444218
Plan Effective Date	1999-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ipg Photonics Corporation)

Total plan assets by year, all Ipg Photonics Corporation plans on file

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

Fidelity Retirement Savings Plan $28.6B · 62,289
Liberty Mutual 401(k) Plan $10.6B · 37,052
Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
Philips North America 401(k) Plan $5.8B · 19,120

Compare Ipg Photonics Corporation 401(k) Retirem… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Ipg Photonics Corporation 401(k) Retirement Plan by total assets, not by location.

West Virginia University Health System 401(k) Plan (WV) $255M · 2,525
Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan (OH) $255M · 709
Miter Brands 401(k) Plan (PA) $255M · 5,899
Nmb (USA) Inc. Retirement Savings Plus Plan (NH) $255M · 1,229

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).

Next read for Ipg Photonics Corporation 401(k) Retirem…

Filing takeaways

Ways to act on Ipg Photonics Corporation 401(k) Retirement Plan's numbers.

By total assets, Ipg Photonics Corporation 401(k) Retirement 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 Massachusetts. Compare plans
Ipg Photonics Corporation's sponsor-wide assets have grown 36.2% 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 043444218.