# The Esab Group, INC. DB Plan
Source: https://planprovider.pro/companies/the-esab-group-inc-plan-036

> The Esab Group, INC.'s DB plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bdo-usa-pc) — 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|

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