Babcock Power 401(k) match, vesting and fees
What Babcock Power's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Newman Noyes (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Babcock Power: employer contribution per participant | $2,928 | |
| Peer median | $2,413 |
| Babcock Power: average balance | $127,875 | |
| Peer median | $86,456 |
| Babcock Power: admin expenses ÷ assets | 0.14% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $207M at the end of plan year 2021 to $225M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,877 | $225M | $5.1M | $2,928 | 0.14% | Not published | Form 5500 ↗ |
| 2023 | 1,858 | $197M | $4.7M | $2,671 | 0.16% | Not published | Form 5500 ↗ |
| 2022 | 1,532 | $166M | $4M | $2,700 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 1,436 | $207M | $3.5M | $2,730 | 0.10% | Not published | Form 5500 ↗ |
Other Babcock Power plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Babcock Power Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch Retirement Services | Schedule C ↗ |
| Independent auditor | Baker Newman & Noyes LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Babcock Power match 401(k) contributions?
The match terms for the Babcock Power Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $5.1M in employer contributions, about $2,928 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Babcock Power 401(k) match vested?
The vesting schedule for the Babcock Power Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Babcock Power 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Babcock Power Inc..
I left Babcock Power. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Babcock Power Inc., (978) 646-3300) or the recordkeeper, Empower Annuity Insurance Company. The Babcock Power old 401(k) page lists the contacts from every plan filing. Find an old Babcock Power 401(k)
Data from the public Form 5500 annual reports Babcock Power filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Babcock Power. Not financial advice. Report a correction · Methodology