401(k) · DOL Form 5500 · 2024

Modern Welding Company, Inc. 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
403
Participants Below avg headcount
79th
Percentile by assets National rank
$84,021
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Modern Welding Company 401(k) Savings Plan · Sponsored by Modern Welding Company, Inc. · Kentucky · Manufacturing

$34M in assets, 403 participants

Modern Welding Company, Inc.'s Modern Welding Company 401(k) Savings Plan reported $34M in total assets and 403 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #12,637 in Manufacturing (17,777 peers)

Where Modern Welding Company 401(k) Savings Plan sits by assets

Modern Welding Company 401(k) Savings Plan sits in the top quartile of all filed plans by assets, $34M for 403 participants (~$84,021/participant), up 5.6% in 2024.

#12,637
in Manufacturing (17,777 peers)
+5.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Modern Welding Company 401(k) Savings Plan's outsized position by total assets

Modern Welding Company 401(k) Savings Plan vs every filed plan by assets

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

$33,860,343 Top 21% higher than 79% 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

Modern Welding Company 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modern Welding Company 401(k) Savings Plan sits mid-pack in the medium band (403 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Modern Welding Company 401(k) Savings Plan reported net income fell from $5M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Modern Welding Company 401(k) Savings Plan reported participants rose from 330 in the plan year 2023 filing to 403 in the plan year 2024 filing.
  • Modern Welding Company 401(k) Savings Plan end-of-year assets rose from $32M in the plan year 2023 filing to $34M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 611229111 · Modern Welding Company, Inc. PY 2024 · 401(k)

Modern Welding Company 401(k) Savings Plan · $34M · 403 · 79th

  • EIN $34M
  • EIN 403
  • EIN 79th
  • EIN 401(k)
  • EIN near Diakonia Group, LLC 401(k) Profit Sharing Plan
  • EIN ind #12637

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 →

Modern Welding Company 401(k) Savings Plan in the asset neighbourhood

First Western 401(k) Plan$34MModern Welding Company 401(k) Savings PlanModern Welding Company 401(k…$34MDiakonia Group, LLC 401(k) Profit Sharing PlanDiakonia Group, LLC 401(k) P…$34MEngel Burman Senior Housing 401(k) PlanEngel Burman Senior Housing …$34MCgs Industries, Inc. Retirement TrustCgs Industries, Inc. Retirem…$34M
End-of-year total assets ($M) among Modern Welding Company 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$34M
Net Income$2M
Employer EIN611229111
Plan Effective Date1997-01-01
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 401(k) Plans in Kentucky

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Modern Welding Company 401(k) Savings Plan vs. nearby 401(k) plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Modern Welding Company 401(k) Savings Plan, Total assets ($B): 0.033860343 · Participants: 403Modern Welding Company 401(k) Savings PlanCommonspirit Health 401(k) Retirement Savings Plan, Total assets ($B): 8.826314209 · Participants: 90345Commonspirit Health 401(k) Retirement Savings PlanHumana Retirement Savings Plan, Total assets ($B): 7.706147015 · Participants: 45706Humana Retirement Savings PlanUPS/Ipa 401(k) Savings Plan, Total assets ($B): 1.501700415 · Participants: 3064UPS/Ipa 401(k) Savings PlanScionhealth 401(k) Plan, Total assets ($B): 1.316012841 · Participants: 23753Scionhealth 401(k) PlanLexmark Savings Plan, Total assets ($B): 1.211057397 · Participants: 1919Lexmark Savings Plan
Modern Welding Company 401(k) Savings Plan vs. nearby 401(k) plans in Kentucky, assets vs. participants
Compare Modern Welding Company 401(k) Savings Plan side-by-side with 3 peers →

Modern Welding Company 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Kentucky, the nearest 401(k) by assets is Diakonia Group, LLC 401(k) Profit Sharing Plan in TN ($34M); by covered participants it is Envirovac Holdings, LLC 401(k) Profit Sharing Plan in GA (403 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($34M here).

Similar participant headcount

Nearest other-state filings by covered participants (403 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 Modern Welding Company 401(k) Savings Plan assets move in 2024? ▼
Modern Welding Company 401(k) Savings Plan grew at a solid clip - up 5.6% during 2024, from $32M to $34M. Reported net income was $2M.
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.
Where does Modern Welding Company 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Modern Welding Company 401(k) Savings Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Modern Welding Company 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Diakonia Group, LLC 401(k) Profit Sharing Plan in TN ($34M, 613 participants).
Which 401(k) plans cover a similar participant headcount to Modern Welding Company 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Envirovac Holdings, LLC 401(k) Profit Sharing Plan in GA (403 participants, $6M 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 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.