401(k) · DOL Form 5500 · 2024
The Lincoln Electric Company 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 4,859
- Participants
- 99th
- Percentile by assets
- $227,577
- Avg per participant
Official DOL plan name: The Lincoln Electric Company Employee Savings Plan · Sponsored by The Lincoln Electric Company · Ohio · Manufacturing
$1.1B in assets, 4,859 participants
The Lincoln Electric Company's The Lincoln Electric Company Employee Savings Plan reported $1.1B in total assets and 4,859 participants in its 2024 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.
- 99th percentile by assets (of 123,622 plans)
- #17,351 in Manufacturing (17,777 peers)
Coverage in Ohio
The Lincoln Electric Company Employee Savings Plan covers 4,859 participants in Ohio, 6.4x the typical Ohio plan (state average ~765 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2024 EOY)
- 4,859
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $227,577
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Lincoln Electric Company Employee Savings Plan reported net income fell from $163M in the plan year 2023 filing to $48M in the plan year 2024 filing.
- The Lincoln Electric Company Employee Savings Plan end-of-year assets rose from $1.0B in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
- The Lincoln Electric Company Employee Savings Plan reported participants rose from 4,842 in the plan year 2023 filing to 4,859 in the plan year 2024 filing.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. The Lincoln Electric Company Employee Savings Plan reports 4,859 participants - 6.4x that state average ($1.1B EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $1.0B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $48M |
| Employer EIN | 340359955 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Lincoln Electric Company)
| 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
- GE Aerospace Retirement Savings Plan $14.7B · 45,620
- The Kroger Co. 401(k) Retirement Savings Account Plan $11.8B · 135,373
- The Progressive 401(k) Plan $11.5B · 62,521
- The Sherwin-Williams Company 401(k) Plan $10.6B · 47,459
- Parker Retirement Savings Plan $9.0B · 26,315
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Lincoln Electric Company Employee Savings Plan by total assets, not by location.
- The Atlas Air, Inc. Retirement Plan (NY) $1.1B · 4,602
- Chick-Fil-a, Inc. 401(k) Plan (GA) $1.1B · 5,163
- University of Minnesota Physicians Retirement Savings and 401(k) Plan (MN) $1.1B · 4,568
- Infosys Limited Tax Savings 401(k) Safe Harbor Plan (TX) $1.1B · 18,710
Frequently Asked Questions
How did The Lincoln Electric Company Employee Savings Plan assets move in 2024? ▼
How have The Lincoln Electric Company plan assets changed over time? ▼
Where does The Lincoln Electric Company Employee Savings Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on The Lincoln Electric Company Employee Savings Plan's numbers.
- By total assets, The Lincoln Electric Company Employee Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- The Lincoln Electric Company's sponsor-wide assets have grown 28.4% since 2022 across 3 plan years on file. More Manufacturing plans