401(k) · DOL Form 5500 · 2024

The Lincoln Electric Company 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
4,859
Participants Above avg headcount
99th
Percentile by assets National rank
$227,577
Avg per participant Above avg balance/head
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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.

  • #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.

#17,351
in Manufacturing (17,777 peers)
+8.0%
assets growth YoY
11×
vs typical plan assets (national mean)

The Lincoln Electric Company Employee Savings Plan's outsized position by total assets

The Lincoln Electric Company Employee Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,105,796,486 Top 1% higher than 99% of 123,620 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 2024

The Lincoln Electric Company Employee Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Lincoln Electric Company Employee Savings Plan lands in the large band (4,859 participants).

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.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 340359955 · The Lincoln Electric Company PY 2024 · 401(k)

The Lincoln Electric Company Employee Savings Plan · $1.1B · 4,859 · 99th

  • TYPE $1.1B
  • TYPE 4,859
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near The Atlas Air, Inc. Retirement Plan
  • TYPE ind #17351

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 Ohio →

The Lincoln Electric Company Employee Savings Plan in the asset neighbourhood

The Lincoln Electric Company Employee Savings PlanThe Lincoln Electric Company…$1.1BThe Atlas Air, Inc. Retirement PlanThe Atlas Air, Inc. Retireme…$1.1BChick-Fil-a, Inc. 401(k) Plan$1.1BUniversity of Minnesota Physicians Retirement Savings and 401(k) PlanUniversity of Minnesota Phys…$1.1BInfosys Limited Tax Savings 401(k) Safe Harbor PlanInfosys Limited Tax Savings …$1.1B
End-of-year total assets ($B) among The Lincoln Electric Company Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$1.0B
Net Assets (End of Year)$1.1B
Net Income$48M
Employer EIN340359955
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Lincoln Electric Company)

Sponsor-wide plan assets over time

All The Lincoln Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 28.42607458371118% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.86B $1.11B ▲ +29.1%
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 Scatter plot of 6 data points. -50000050000100000150000 05101520 Total assets ($B) Participants The Lincoln Electric Company Employee Savings Plan, Total assets ($B): 1.105796486 · Participants: 4859The Lincoln Electric Company Employee Savings PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
The Lincoln Electric Company Employee Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The Lincoln Electric Company Employee Savings Plan side-by-side with 3 peers →

The Lincoln Electric Company Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is The Atlas Air, Inc. Retirement Plan in NY ($1.1B); by covered participants it is Smart, Sheet Metal Workers Local No. 104 Supplemental Pension Plan in CA (4,860 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,859 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Lincoln Electric Company Employee Savings Plan assets move in 2024? ▼
The Lincoln Electric Company Employee Savings Plan grew at a solid clip - up 8.0% during 2024, from $1.0B to $1.1B. Reported net income was $48M.
How have The Lincoln Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Lincoln Electric Company's sponsor-wide assets grew 28.4%, from $861M to $1.1B.
Where does The Lincoln Electric Company Employee Savings Plan rank by assets among Form 5500 filers? ▼
The Lincoln Electric Company Employee Savings Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Lincoln Electric Company Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Atlas Air, Inc. Retirement Plan in NY ($1.1B, 4,602 participants).
Which 401(k) plans cover a similar participant headcount to The Lincoln Electric Company Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Smart, Sheet Metal Workers Local No. 104 Supplemental Pension Plan in CA (4,860 participants, $1.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 340359955.

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.