Plan Snapshot
- Plan Sponsor: The Esab Group, INC.
- Sponsor EIN: 840966648
- Sponsor Address: 909 ROSE AVE, NORTH BETHESDA, MD, 20852
- Plan Type: 401(k)
- Total Participants: 1,161
- Total Assets: $222.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,161 | $222.0M | $6.5M | $8.6M |
| 2023 | 1,161 | $201.1M | $6.1M | $8.2M |
| 2022 | 1,034 | $171.8M | $6.0M | $7.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $108,163 | — | $108,163 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $57,324 | — | $57,324 |
| BDO USA, LLP | ACCOUNTANT/AUDITOR | $33,864 | — | $33,864 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BDO USA, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,351
- Estimated Expense Ratio: 0.090% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $203,533 | $57,324 | $300 | $33,864 | — |
| 2023 | $227,235 | $53,587 | — | $51,419 | — |
| 2022 | $158,504 | $49,998 | — | — | — |