401(k) · DOL Form 5500 · 2024

Babcock Power Inc. 401(k) Plan

Data updated 2026-08-11

$225M
Total assets
1,341
Participants
95th
Percentile by assets
$167,543
Avg per participant
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Official DOL plan name: Babcock Power Savings Plan · Sponsored by Babcock Power Inc. · Massachusetts · Manufacturing

$225M in assets, 1,341 participants

Babcock Power Inc.'s Babcock Power Savings Plan reported $225M in total assets and 1,341 participants in its 2024 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 123,622 plans)
  • #16,334 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Babcock Power Savings Plan covers 1,341 participants in Massachusetts, 2.0x the typical Massachusetts plan (state average ~659 per filing). Assets: $225M.

$225M
total plan assets (2024 EOY)
1,341
covered participants
95th
percentile by assets (of 123,622 plans)
$167,543
avg assets per participant

Where Babcock Power Savings Plan sits by total assets

Babcock Power Savings Plan vs every filed plan by assets

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

$224,675,674 Top 5% higher than 95% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Babcock Power Savings Plan reported participants rose from 998 in the plan year 2023 filing to 1,341 in the plan year 2024 filing.
  • Babcock Power Savings Plan end-of-year assets rose from $197M in the plan year 2023 filing to $225M in the plan year 2024 filing.
  • Babcock Power Savings Plan reported net income fell from $31M in the plan year 2023 filing to $28M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Massachusetts
Industry
Manufacturing

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Babcock Power Savings Plan reports 1,341 participants - 2.0x that state average ($225M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$197M
Net Assets (End of Year)$225M
Net Income$28M
Employer EIN043719625
Plan Effective Date1974-11-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Babcock Power Inc.)

$180M$200M$220M$240M$260M 202220232024 $199M $252M ▲ +26.9%
Total plan assets by year, all Babcock Power Inc. plans on file
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 ($B) Participants Babcock Power Saving…, Total assets ($B): 0.224675674 · Participants: 1341Babcock Power Saving…Fidelity Retirement …, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Co…State Street Salary …, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary …
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Babcock Power Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Babcock Power Savings Plan assets move in 2024? ▼
Babcock Power Savings Plan grew at a solid clip - up 14.2% during 2024, from $197M to $225M. Reported net income was $28M.
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 123,622 plans that reported assets for plan year 2024 (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 Gresham Smith Employee Savings and Profit Sharing Plan in TN ($225M, 1,123 participants).

Next read for Babcock Power Savings Plan

Filing takeaways

Ways to act on Babcock Power Savings Plan's numbers.

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 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.