Defined Benefit (Pension) · DOL Form 5500 · 2023

Modern Welding Company, Inc. Pension Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
113
Participants Small participant base
65th
Percentile by assets National rank
$121,568
Avg per participant Near avg balance/head
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Official DOL plan name: Employees' Pension Plan of Modern Welding Company Inc. · Sponsored by Modern Welding Company, Inc. · Kentucky · Manufacturing

$14M in assets, 113 participants

Modern Welding Company, Inc.'s Employees' Pension Plan of Modern Welding Company Inc. reported $14M in total assets and 113 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #9,989 in Manufacturing (18,722 peers)

Coverage in Kentucky

Employees' Pension Plan of Modern Welding Company Inc. covers 113 participants in Kentucky, about 17% of the average Kentucky filer (state average ~647 per filing). Assets: $14M.

#9,989
in Manufacturing (18,722 peers)
-24.6%
assets change YoY

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Employees' Pension Plan of Modern Welding Company Inc.'s mid-pack asset rank among Manufacturing and all filers

Employees' Pension Plan of Modern Welding Company Inc. vs every filed plan by assets

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

$13,737,164 Top 35% higher than 65% 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

Employees' Pension Plan of Modern Welding Company Inc. 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. Employees' Pension Plan of Modern Welding Company Inc. sits mid-pack in the medium band (113 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Employees' Pension Plan of Modern Welding Company Inc. reported net income fell from $1M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
  • Employees' Pension Plan of Modern Welding Company Inc. end-of-year assets fell from $18M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Employees' Pension Plan of Modern Welding Company Inc. reported participants fell from 125 in the plan year 2022 filing to 113 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 611229111 · Modern Welding Company, Inc. PY 2023 · Defined Benefit (Pension)

Employees' Pension Plan of Modern Welding Company Inc. · $14M · 113 · 65th

  • TYPE $14M
  • NET 113
  • BOOK 65th
  • VS-ST Defined Benefit (Pension)
  • BOY near The Restated Noncontributory Retirement Plan for Cooperatives
  • SCH ind #9989

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 Kentucky →

Employees' Pension Plan of Modern Welding Company Inc. in the asset neighbourhood

Employees' Pension Plan of Modern Welding Company Inc.Employees' Pension Plan of M…$14MThe Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$14MKeil Chemical Pension Plan for Local 7-209 EmployeesKeil Chemical Pension Plan f…$14MAsbestos Workers Local Union No 55 Pension PlanAsbestos Workers Local Union…$14MJones Memorial Hospital Pension PlanJones Memorial Hospital Pens…$14M
End-of-year total assets ($M) among Employees' Pension Plan of Modern Welding Company Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Kentucky filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$14M
Net Income-$4M
Employer EIN611229111
Plan Effective Date1964-12-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Welding Company, Inc.)

Sponsor-wide plan assets over time

All Modern Welding Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$34M 25.776675326332168% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $45.6M $33.9M ▼ -25.8%
Year Plans Participants Total Assets
2022 2 491 $46M
2023 2 443 $46M
2024 1 403 $34M

Nearby Defined Benefit (Pension) Plans in Kentucky

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Employees' Pension Plan of Modern Welding Company Inc. vs. nearby Defined Benefit (Pension) plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Employees' Pension Plan of Modern Welding Company Inc., Total assets ($B): 0.013737164 · Participants: 113Employees' Pension Plan of Modern Welding Company Inc.Lg&e and Ku Pension Plan, Total assets ($B): 1.112165749 · Participants: 833Lg&e and Ku Pension PlanAshland Hercules Pension Plan, Total assets ($B): 0.984309 · Participants: 70Ashland Hercules Pension PlanYum Brands Retirement Plan, Total assets ($B): 0.734224 · Participants: 3834Yum Brands Retirement PlanBrown-Forman Corporation Salaried Employees Retirement Plan, Total assets ($B): 0.499207588 · Participants: 1160Brown-Forman Corporation Salaried Employees Retirement PlanAshland Hercules Pension Plan II, Total assets ($B): 0.468812 · Participants: 57Ashland Hercules Pension Plan II
Employees' Pension Plan of Modern Welding Company Inc. vs. nearby Defined Benefit (Pension) plans in Kentucky, assets vs. participants
Compare Employees' Pension Plan of Modern Welding Company Inc. side-by-side with 3 peers →

Employees' Pension Plan of Modern Welding Company Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Kentucky, the nearest Defined Benefit (Pension) by assets is The Restated Noncontributory Retirement Plan for Cooperatives in IA ($14M); by covered participants it is Itw Bargaining Retirement Plan in IL (113 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (113 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 Employees' Pension Plan of Modern Welding Company Inc. assets move in 2023? ▼
Employees' Pension Plan of Modern Welding Company Inc. declined sharply - down 24.6% during 2023, from $18M to $14M. Reported net income was -$4M.
How have Modern Welding Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modern Welding Company, Inc.'s sponsor-wide assets declined 25.8%, from $46M to $34M.
Which Defined Benefit (Pension) plans are similar in size to Employees' Pension Plan of Modern Welding Company Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Restated Noncontributory Retirement Plan for Cooperatives in IA ($14M, 25 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Employees' Pension Plan of Modern Welding Company Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Itw Bargaining Retirement Plan in IL (113 participants, $98M 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 611229111.

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.