Plan Snapshot
- Plan Sponsor: The Esab Group, INC.
- Sponsor EIN: 840966648
- Sponsor Address: 909 ROSE AVENUE, NORTH BETHESDA, MD, 20852
- Plan Type: DB
- Total Participants: 119
- Total Assets: $140.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 119 | $140.0M | $0 | $0 |
| 2023 | 143 | $146.2M | $0 | $0 |
| 2022 | 164 | $149.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| CBIZ | NONE | $493,085 | — | $493,085 |
| NORTHERN TRUST COMPANY | NONE | $147,472 | — | $147,472 |
| BDO USA, P.C. | NONE | $18,118 | — | $18,118 |
| AETNA LIFE INSURANCE COMPANY | NONE | $11,341 | — | $11,341 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $670,016
- Estimated Expense Ratio: 0.479% 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 | $965,118 | $158,816 | — | $18,118 | — |
| 2023 | $2,771,930 | $214,156 | — | $33,600 | — |
| 2022 | $992,548 | $257,533 | — | — | $414,871 |