Plan Snapshot
- Plan Sponsor: The Lincoln Electric Company
- Sponsor EIN: 340359955
- Sponsor Address: 22801 ST. CLAIR AVENUE, CLEVELAND, OH, 44117
- Plan Type: 401(k)
- Total Participants: 5,539
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 5,539 | $1.1B | $13.7M | $36.2M |
| 2023 | 4,859 | $1.0B | $12.4M | $31.9M |
| 2022 | 4,842 | $861.0M | $15.4M | $28.2M |
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 |
|---|---|---|---|---|
| BOBER MARKEY FEDOROVICH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBER MARKEY FEDOROVICH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $237,500 | $161,358 | $1,200 | — | — |
| 2023 | $226,275 | $117,590 | $6,300 | — | — |
| 2022 | $170,512 | $88,390 | — | — | — |