401(k) · DOL Form 5500 · 2024

Babcock Power Inc. 401(k) Plan

Data updated 2026-08-25

$225M
Total assets Near avg plan size
1,341
Participants Near avg headcount
95th
Percentile by assets National rank
$167,543
Avg per participant Above avg balance/head
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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.

  • #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.

#16,334
in Manufacturing (17,777 peers)
+14.2%
assets growth YoY
2.3×
vs typical plan assets (national mean)

Babcock Power Savings Plan's outsized position 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 $2,050,000,000 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

Babcock Power 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. Babcock Power Savings Plan lands in the large band (1,341 participants).

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 →

Form 5500 schedule snapshot

Filing strip 043719625 · Babcock Power Inc. PY 2024 · 401(k)

Babcock Power Savings Plan · $225M · 1,341 · 95th

  • ASSETS $225M
  • PCT 1,341
  • EIN 95th
  • RANK 401(k)
  • PHOTO near Gresham Smith Employee Savings and Profit Sharing Plan
  • IND ind #16334

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 Massachusetts →

Babcock Power Savings Plan in the asset neighbourhood

Dawn Foods Retirement Savings PlanDawn Foods Retirement Saving…$225MAffiliated Thrift Plan$225MGresham Smith Employee Savings and Profit Sharing PlanGresham Smith Employee Savin…$225MBabcock Power Savings Plan$225MSouthwest Power Pool 401(k) Savings PlanSouthwest Power Pool 401(k) …$225M
End-of-year total assets ($M) among Babcock Power Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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.)

Sponsor-wide plan assets over time

All Babcock Power Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$252M 26.890077757346166% vs 2022
2024 filing year
$180M$200M$220M$240M$260M 202220232024 $199M $252M ▲ +26.9%
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 ($B) Participants Babcock Power Savings Plan, Total assets ($B): 0.224675674 · Participants: 1341Babcock Power Savings PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
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 →

Babcock Power Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Gresham Smith Employee Savings and Profit Sharing Plan in TN ($225M); by covered participants it is Phillips' Companies 401(k) Plan in IL (1,341 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($225M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,341 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 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).
Which 401(k) plans cover a similar participant headcount to Babcock Power Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Phillips' Companies 401(k) Plan in IL (1,341 participants, $4M 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 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.