401(k) · DOL Form 5500 · 2023

Modern Welding Company, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
330
Participants Below avg headcount
80th
Percentile by assets National rank
$97,150
Avg per participant Below avg balance/head
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Official DOL plan name: Modern Welding Company 401(k) Savings Plan · Sponsored by Modern Welding Company, Inc. · Kentucky · Manufacturing

$32M in assets, 330 participants

Modern Welding Company, Inc.'s Modern Welding Company 401(k) Savings Plan reported $32M in total assets and 330 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #13,520 in Manufacturing (18,722 peers)

Where Modern Welding Company 401(k) Savings Plan sits by assets

Modern Welding Company 401(k) Savings Plan sits in the top quartile of all filed plans by assets, $32M for 330 participants (~$97,150/participant), up 17.0% in 2023.

#13,520
in Manufacturing (18,722 peers)
+17.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Modern Welding Company 401(k) Savings Plan's outsized position by total assets

Modern Welding Company 401(k) Savings Plan vs every filed plan by assets

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

$32,059,480 Top 20% higher than 80% 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

Modern Welding Company 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modern Welding Company 401(k) Savings Plan sits mid-pack in the medium band (330 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Modern Welding Company 401(k) Savings Plan reported net income rose from -$6M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Modern Welding Company 401(k) Savings Plan end-of-year assets rose from $27M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Modern Welding Company 401(k) Savings Plan reported participants fell from 366 in the plan year 2022 filing to 330 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 611229111 · Modern Welding Company, Inc. PY 2023 · 401(k)

Modern Welding Company 401(k) Savings Plan · $32M · 330 · 80th

  • SCH $32M
  • SCH 330
  • SCH 80th
  • SCH 401(k)
  • SCH near Stellantis Financial Services, Inc. 401(k) Plan
  • SCH ind #13520

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 Kentucky →

Modern Welding Company 401(k) Savings Plan in the asset neighbourhood

Fareva US Savings Plan 001$32MModern Welding Company 401(k) Savings PlanModern Welding Company 401(k…$32MStellantis Financial Services, Inc. 401(k) PlanStellantis Financial Service…$32MAmerican National Bank & Trust Company Employees' Savings PlanAmerican National Bank & Tru…$32MFirst American Bank 401(k) PlanFirst American Bank 401(k) P…$32M
End-of-year total assets ($M) among Modern Welding Company 401(k) 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)$27M
Net Assets (End of Year)$32M
Net Income$5M
Employer EIN611229111
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Welding Company, Inc.)

Sponsor-wide plan assets over time

All Modern Welding Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 25.776675326332168% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $45.6M $33.9M ▼ -25.8%
Year Plans Participants Total Assets
2022 2 491 $46M
2023 2 443 $46M
2024 1 403 $34M

Nearby 401(k) Plans in Kentucky

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

Modern Welding Company 401(k) Savings Plan vs. nearby 401(k) plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Modern Welding Company 401(k) Savings Plan, Total assets ($B): 0.03205948 · Participants: 330Modern Welding Company 401(k) Savings PlanCommonspirit Health 401(k) Retirement Savings Plan, Total assets ($B): 7.871320063 · Participants: 86688Commonspirit Health 401(k) Retirement Savings PlanHumana Retirement Savings Plan, Total assets ($B): 7.374962984 · Participants: 45938Humana Retirement Savings PlanUPS/Ipa 401(k) Savings Plan, Total assets ($B): 1.324958147 · Participants: 3159UPS/Ipa 401(k) Savings PlanScionhealth 401(k) Plan, Total assets ($B): 1.221134526 · Participants: 33226Scionhealth 401(k) PlanLexmark Savings Plan, Total assets ($B): 1.205127047 · Participants: 1968Lexmark Savings Plan
Modern Welding Company 401(k) Savings Plan vs. nearby 401(k) plans in Kentucky, assets vs. participants
Compare Modern Welding Company 401(k) Savings Plan side-by-side with 3 peers →

Modern Welding Company 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Kentucky, the nearest 401(k) by assets is Stellantis Financial Services, Inc. 401(k) Plan in TX ($32M); by covered participants it is Hines Furlong Line 401(k) Plan in TN (330 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (330 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 Modern Welding Company 401(k) Savings Plan assets move in 2023? ▼
Modern Welding Company 401(k) Savings Plan grew sharply - up 17.0% during 2023, from $27M to $32M. Reported net income was $5M.
How have Modern Welding Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modern Welding Company, Inc.'s sponsor-wide assets declined 25.8%, from $46M to $34M.
Where does Modern Welding Company 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Modern Welding Company 401(k) Savings Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Modern Welding Company 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Stellantis Financial Services, Inc. 401(k) Plan in TX ($32M, 786 participants).
Which 401(k) plans cover a similar participant headcount to Modern Welding Company 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hines Furlong Line 401(k) Plan in TN (330 participants, $10M 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 611229111.

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.