401(k) · DOL Form 5500 · 2023
Babcock Power Inc. 401(k) Plan
Data updated 2026-08-11
- $197M
- Total assets
- 998
- Participants
- 95th
- Percentile by assets
- $197,216
- Avg per participant
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.
- 95th percentile by assets (of 127,072 plans)
- #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.
- $197M
- total plan assets (2023 EOY)
- 998
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $197,216
- avg assets per participant
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.
Babcock Power Savings Plan vs the 2023 asset distribution
By assets, Babcock Power Savings Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $166M |
|---|---|
| Net Assets (End of Year) | $197M |
| Net Income | $31M |
| Employer EIN | 043719625 |
| Plan Effective Date | 1974-11-15 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Babcock Power Inc.)
| 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
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Babcock Power Savings Plan by total assets, not by location.
- Toshiba International Corporation Retirement Savings Plan (TX) $197M · 1,021
- Aclu Defined Contribution Plan (NY) $197M · 1,825
- The Alcott Group 401(k) Plan (NY) $197M · 3,002
- World Wildlife Fund, Inc. Tax Deferred Pension Plan (DC) $197M · 682
Frequently Asked Questions
How did Babcock Power Savings Plan assets move in 2023? ▼
How have Babcock Power Inc. plan assets changed over time? ▼
Where does Babcock Power Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Babcock Power Savings Plan? ▼
Next read for Babcock Power Savings Plan
Scale reading
Ways to act on Babcock Power Savings Plan's numbers.
- By total assets, Babcock Power Savings 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
- Babcock Power Inc.'s sponsor-wide assets have grown 26.9% since 2022 across 3 plan years on file. More Manufacturing plans