401(k) · DOL Form 5500 · 2023

Babcock Power Inc. 401(k) Plan

Data updated 2026-08-25

$197M
Total assets Near avg plan size
998
Participants Near avg headcount
95th
Percentile by assets National rank
$197,216
Avg per participant Above avg balance/head
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Official DOL plan name: Babcock Power Savings Plan · Sponsored by Babcock Power Inc. · Massachusetts · Manufacturing

$197M in assets, 998 participants

Babcock Power Inc.'s Babcock Power Savings Plan reported $197M in total assets and 998 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #17,169 in Manufacturing (18,722 peers)

Where Babcock Power Savings Plan sits by assets

Babcock Power Savings Plan sits in the top 5% of all filed plans by assets, $197M for 998 participants (~$197,216/participant), up 18.7% in 2023.

#17,169
in Manufacturing (18,722 peers)
+18.7%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Babcock Power Savings Plan's outsized position by total assets

Babcock Power Savings Plan vs every filed plan by assets

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

$196,821,256 Top 5% higher than 95% 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

Babcock Power 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. Babcock Power Savings Plan sits mid-pack in the medium band (998 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Babcock Power Savings Plan reported net income rose from -$41M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Babcock Power Savings Plan end-of-year assets rose from $166M in the plan year 2022 filing to $197M in the plan year 2023 filing.
  • Babcock Power Savings Plan reported participants fell from 1,072 in the plan year 2022 filing to 998 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 043719625 · Babcock Power Inc. PY 2023 · 401(k)

Babcock Power Savings Plan · $197M · 998 · 95th

  • EBSA $197M
  • EBSA 998
  • EBSA 95th
  • EBSA 401(k)
  • EBSA near Toshiba International Corporation Retirement Savings Plan
  • EBSA ind #17169

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 →

Babcock Power Savings Plan in the asset neighbourhood

World Wildlife Fund, Inc. Tax Deferred Pension PlanWorld Wildlife Fund, Inc. Ta…$197MThe Alcott Group 401(k) Plan$197MToshiba International Corporation Retirement Savings PlanToshiba International Corpor…$197MBabcock Power Savings Plan$197MAclu Defined Contribution PlanAclu Defined Contribution Pl…$197M
End-of-year total assets ($M) among Babcock Power 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)$166M
Net Assets (End of Year)$197M
Net Income$31M
Employer EIN043719625
Plan Effective Date1974-11-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Babcock Power Inc.)

Sponsor-wide plan assets over time

All Babcock Power Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$252M 26.890077757346166% vs 2022
2024 filing year
$180M$200M$220M$240M$260M 202220232024 $199M $252M ▲ +26.9%
Year Plans Participants Total Assets
2022 2 1,180 $199M
2023 2 1,097 $231M
2024 2 1,428 $252M

Nearby 401(k) Plans in Massachusetts

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

Babcock Power Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Babcock Power Savings Plan, Total assets ($B): 0.196821256 · Participants: 998Babcock Power Savings 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
Babcock Power Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Babcock Power Savings Plan side-by-side with 3 peers →

Babcock Power Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Toshiba International Corporation Retirement Savings Plan in TX ($197M); by covered participants it is Lucid Software Inc. 401(k) Plan in UT (998 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($197M here).

Similar participant headcount

Nearest other-state filings by covered participants (998 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 Babcock Power Savings Plan assets move in 2023? ▼
Babcock Power Savings Plan grew sharply - up 18.7% during 2023, from $166M to $197M. Reported net income was $31M.
How have Babcock Power Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Babcock Power Inc.'s sponsor-wide assets grew 26.9%, from $199M to $252M.
Where does Babcock Power Savings Plan rank by assets among Form 5500 filers? ▼
Babcock Power Savings Plan ranks in the 95th 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 Babcock Power Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Toshiba International Corporation Retirement Savings Plan in TX ($197M, 1,021 participants).
Which 401(k) plans cover a similar participant headcount to Babcock Power Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lucid Software Inc. 401(k) Plan in UT (998 participants, $66M 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 043719625.

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.