401(k) · DOL Form 5500 · 2023

The Lincoln Electric Company 401(k) Plan

Data updated 2026-08-25

$1.0B
Total assets Very large vs avg
4,842
Participants Above avg headcount
99th
Percentile by assets National rank
$211,394
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: The Lincoln Electric Company Employee Savings Plan · Sponsored by The Lincoln Electric Company · Ohio · Manufacturing

$1.0B in assets, 4,842 participants

The Lincoln Electric Company's The Lincoln Electric Company Employee Savings Plan reported $1.0B in total assets and 4,842 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #18,275 in Manufacturing (18,722 peers)

Coverage in Ohio

The Lincoln Electric Company Employee Savings Plan covers 4,842 participants in Ohio, 6.3x the typical Ohio plan (state average ~765 per filing). Assets: $1.0B.

#18,275
in Manufacturing (18,722 peers)
+18.9%
assets growth YoY
10×
vs typical plan assets (national mean)

The Lincoln Electric Company Employee Savings Plan's outsized position by total assets

The Lincoln Electric Company Employee Savings Plan vs every filed plan by assets

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

$1,023,571,318 Top 1% higher than 99% 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 Lincoln Electric Company Employee 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 Lincoln Electric Company Employee Savings Plan lands in the large band (4,842 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Lincoln Electric Company Employee Savings Plan reported net income rose from -$151M in the plan year 2022 filing to $163M in the plan year 2023 filing.
  • The Lincoln Electric Company Employee Savings Plan end-of-year assets rose from $861M in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
  • The Lincoln Electric Company Employee Savings Plan reported participants rose from 4,477 in the plan year 2022 filing to 4,842 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 340359955 · The Lincoln Electric Company PY 2023 · 401(k)

The Lincoln Electric Company Employee Savings Plan · $1.0B · 4,842 · 99th

  • TYPE $1.0B
  • NET 4,842
  • BOOK 99th
  • VS-ST 401(k)
  • BOY near Paul Hastings LLP Defined Contribution Retirement Plan
  • SCH ind #18275

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 Ohio →

The Lincoln Electric Company Employee Savings Plan in the asset neighbourhood

The Lincoln Electric Company Employee Savings PlanThe Lincoln Electric Company…$1.0BPaul Hastings LLP Defined Contribution Retirement PlanPaul Hastings LLP Defined Co…$1.0BUber Technologies, Inc. 401(k) PlanUber Technologies, Inc. 401(…$1.0BTeradyne, Inc. Savings Plan$1.0BIhg 401(k) Savings and Retirement PlanIhg 401(k) Savings and Retir…$1.0B
End-of-year total assets ($B) among The Lincoln Electric Company Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$861M
Net Assets (End of Year)$1.0B
Net Income$163M
Employer EIN340359955
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Lincoln Electric Company)

Sponsor-wide plan assets over time

All The Lincoln Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 28.42607458371118% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.86B $1.11B ▲ +29.1%
Year Plans Participants Total Assets
2022 1 4,477 $861M
2023 1 4,842 $1.0B
2024 1 4,859 $1.1B

Nearby 401(k) Plans in Ohio

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

The Lincoln Electric Company Employee Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 0510152025 Total assets ($B) Participants The Lincoln Electric Company Employee Savings Plan, Total assets ($B): 1.023571318 · Participants: 4842The Lincoln Electric Company Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
The Lincoln Electric Company Employee Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The Lincoln Electric Company Employee Savings Plan side-by-side with 3 peers →

The Lincoln Electric Company Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Paul Hastings LLP Defined Contribution Retirement Plan in CA ($1.0B); by covered participants it is The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries in NY (4,843 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,842 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 Lincoln Electric Company Employee Savings Plan assets move in 2023? ▼
The Lincoln Electric Company Employee Savings Plan grew sharply - up 18.9% during 2023, from $861M to $1.0B. Reported net income was $163M.
How have The Lincoln Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Lincoln Electric Company's sponsor-wide assets grew 28.4%, from $861M to $1.1B.
Where does The Lincoln Electric Company Employee Savings Plan rank by assets among Form 5500 filers? ▼
The Lincoln Electric Company Employee Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Lincoln Electric Company Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Paul Hastings LLP Defined Contribution Retirement Plan in CA ($1.0B, 1,540 participants).
Which 401(k) plans cover a similar participant headcount to The Lincoln Electric Company Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The 401(k) Savings and Profit Sharing Plan of S&p Global Inc. and Its Subsidiaries in NY (4,843 participants, $5.2B 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 340359955.

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.