401(k) · DOL Form 5500 · 2023
Babcock & Wilcox Company 401(k) Plan
Data updated 2026-08-11
- $434M
- Total assets
- 887
- Participants
- 97th
- Percentile by assets
- $489,264
- Avg per participant
Official DOL plan name: The B & W Thrift Plan · Sponsored by Babcock & Wilcox Company · Ohio · Manufacturing
$434M in assets, 887 participants
Babcock & Wilcox Company's The B & W Thrift Plan reported $434M in total assets and 887 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #17,853 in Manufacturing (18,722 peers)
Where The B & W Thrift Plan sits by assets
The B & W Thrift Plan sits in the top 5% of all filed plans by assets, $434M for 887 participants (~$489,264/participant), up 8.3% in 2023.
- $434M
- total plan assets (2023 EOY)
- 887
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $489,264
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The B & W Thrift Plan reported net income rose from -$94M in the plan year 2022 filing to $33M in the plan year 2023 filing.
- The B & W Thrift Plan reported participants rose from 657 in the plan year 2022 filing to 887 in the plan year 2023 filing.
- The B & W Thrift Plan end-of-year assets rose from $401M in the plan year 2022 filing to $434M in the plan year 2023 filing.
The B & W Thrift Plan vs the 2023 asset distribution
By assets, The B & W Thrift Plan outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 4.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $401M |
|---|---|
| Net Assets (End of Year) | $434M |
| Net Income | $33M |
| Employer EIN | 132933685 |
| Plan Effective Date | 2015-05-20 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Babcock & Wilcox Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,005 | $1.1B |
| 2023 | 2 | 1,215 | $1.1B |
| 2024 | 2 | 1,266 | $1.1B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The B & W Thrift Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Progressive 401(k) Plan $9.2B · 56,176
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The B & W Thrift Plan by total assets, not by location.
- Saul Ewing Retirement Plan (PA) $434M · 755
- Wynn Resorts, Limited 401(k) Plan (NV) $434M · 9,651
- J. F. Shea Company, Inc. Retirement Savings Plan (CA) $434M · 1,978
- Hawaii Medical Service Association Employee Thrift Plan (HI) $434M · 1,255
Frequently Asked Questions
How did The B & W Thrift Plan assets move in 2023? ▼
How have Babcock & Wilcox Company plan assets changed over time? ▼
Where does The B & W Thrift Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The B & W Thrift Plan? ▼
Next read for The B & W Thrift Plan
Scale reading
Ways to act on The B & W Thrift Plan's numbers.
- By total assets, The B & W Thrift 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 Ohio. Compare plans
- Babcock & Wilcox Company's sponsor-wide assets have declined 6.2% since 2022 across 3 plan years on file. More Manufacturing plans