Employers › ESAB
Recordkeeping fees per participant · The ESAB Group, Inc. 401(k) Retirement Savings Plan · plan year 2024
$60.43
Higher than 42% of the 5,847 plans $50 to 250M that report it.
= $107,863 / 1,785
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250606152621NAL0012799569001, received 2025-06-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250606152621NAL0012799569001, received 2025-06-06
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-06.
Administrative expenses excluding investment management, per participant
$81.91
Higher than 42% of the 8,758 plans $50 to 250M that report it.
= $146,209 / 1,785
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250606152621NAL0012799569001, received 2025-06-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250606152621NAL0012799569001, received 2025-06-06
Administrative expenses per participant
$114.02
Higher than 42% of the 9,042 plans $50 to 250M that report it.
= $203,533 / 1,785
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250606152621NAL0012799569001, received 2025-06-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250606152621NAL0012799569001, received 2025-06-06
Administrative expenses as a share of assets
0.092%
Higher than 34% of the 9,049 plans $50 to 250M that report it.
= $203,533 / $221,960,060
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250606152621NAL0012799569001, received 2025-06-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250606152621NAL0012799569001, received 2025-06-06
Employer contributions per participant
$3,643
Higher than 65% of the 9,105 plans $50 to 250M that report it.
= $6,502,805 / 1,785
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250606152621NAL0012799569001, received 2025-06-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250606152621NAL0012799569001, received 2025-06-06
Employer share of total contributions
40.7%
Higher than 78% of the 9,112 plans $50 to 250M that report it.
= $6,502,805 / $15,973,661
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250606152621NAL0012799569001, received 2025-06-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250606152621NAL0012799569001, received 2025-06-06
Employer match
“For the year ended December 31, 2025, these employer matching contributions ranged from 0% to 4% of eligible compensation.”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Active participants vest immediately in their contributions, safe harbor contributions and employer contributions, plus actual earnings thereon.”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Participants are automatically enrolled with a 4% deferral contribution upon attainment of the eligibility requirements unless the participant chooses a different election with the Plan Recordkeeper, before this date to do otherwise.”
Form 11-K filed 2026-06-10, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250606152621NAL0012799569001, received 2025-06-06
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE ESAB GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Plan name | THE ESAB GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Sponsor EIN / plan number | 84-0966648 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Sponsor location | NORTH BETHESDA, MD | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Industry (business code) | 335900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Filing received | 2025-06-06 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Participants, beginning of year | 1,796 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Active participants | 1,161 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Participants, end of year | 1,794 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Participants with an account balance | 1,785 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total assets, beginning of year | $201,120,660 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total assets, end of year | $221,960,060 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Net assets, end of year | $221,960,060 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total income | $47,166,363 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Net income | $20,839,400 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Employer contributions | $6,502,805 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Participant contributions | $8,588,028 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Other contributions (incl. rollovers) | $882,828 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total contributions | $15,973,661 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Benefit payments | $26,102,914 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total expenses (incl. benefit payments) | $26,326,963 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Total administrative expenses | $203,533 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Contract administrator fees | $300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Recordkeeping fees | $107,863 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| IQPA audit fees | $33,864 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Investment advisory and management fees | $57,324 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Administrative expenses excluding investment management | $146,209 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Held in common/collective trusts | $13,386,838 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Held in mutual funds | $204,847,163 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250606152621NAL0012799569001, received 2025-06-06 |
| Independent auditor | BDO USA P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250606152621NAL0012799569001, received 2025-06-06 |
Position = column in the DOL layout for form year 2024. Filing 20250606152621NAL0012799569001, received 2025-06-06.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $108,163 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $57,324 | no |
| BDO USA, LLP | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $33,864 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250606152621NAL0012799569001, received 2025-06-06.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $201,120,660 | $221,960,060 | 10.4% |
| Participants with a balance | 1,777 | 1,785 | 0.5% |
| Administrative expenses | $227,235 | $203,533 | -10.4% |
| Recordkeeping fees per participant | $63.09 | $60.43 | -4.2% |
| Employer contributions | $6,133,394 | $6,502,805 | 6.0% |
Prior filing 20240612155949NAL0013980675001, received 2024-06-12; the plan years are contiguous.
Sponsor name as filed: THE ESAB GROUP, INC.; SEC registrant: ESAB Group, Inc. 401(k) Retirement Savings Plan (CIK 1983853, matched by 11-K plan title; display name from the Form 11-K cover).