Modern Welding 401(k) match, vesting and fees
What Modern Welding'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 | Ascensus LLC | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Modern Welding: employer contribution per participant | $1,452 | |
| Peer median | $1,847 |
| Modern Welding: average balance | $82,185 | |
| Peer median | $65,512 |
| Modern Welding: admin expenses ÷ assets | 0.33% | |
| Peer median | 0.32% |
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 $33.6M at the end of plan year 2021 to $33.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 484 | $33.9M | $598K | $1,452 | 0.33% | Not published | Form 5500 ↗ |
| 2023 | 503 | $32.1M | $592K | $1,426 | 0.32% | Not published | Form 5500 ↗ |
| 2022 | 463 | $27.4M | $563K | $1,373 | 0.32% | Not published | Form 5500 ↗ |
| 2021 | 478 | $33.6M | $546K | $1,313 | 0.31% | Not published | Form 5500 ↗ |
Other Modern Welding plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Employees' Pension Plan of Modern Welding Company Inc.
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.
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Modern Welding match 401(k) contributions?
The match terms for the Modern Welding Company 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $598K in employer contributions, about $1,452 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Modern Welding 401(k) match vested?
The vesting schedule for the Modern Welding Company 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Modern Welding 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Ascensus LLC. The plan administrator is Modern Welding Company, Inc..
I left Modern Welding. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Modern Welding Company, Inc., (270) 685-4400) or the recordkeeper, Ascensus LLC. The Modern Welding old 401(k) page lists the contacts from every plan filing. Find an old Modern Welding 401(k)
Data from the public Form 5500 annual reports Modern Welding 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 Modern Welding. Not financial advice. Report a correction · Methodology