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THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan NameTHE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN
Plan identification number 005

THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE LINCOLN ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE LINCOLN ELECTRIC COMPANY
Employer identification number (EIN):340359955
NAIC Classification:335900

Additional information about THE LINCOLN ELECTRIC COMPANY

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1906-06-09
Company Identification Number: 20149
Legal Registered Office Address: 22801 ST CLAIR AVE
-
CLEVELAND
United States of America (USA)
441171199

More information about THE LINCOLN ELECTRIC COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052022-01-01
0052021-01-01
0052020-01-01
0052019-01-01
0052018-01-01
0052017-01-01GABRIEL BRUNO
0052016-01-01GABRIEL BRUNO
0052015-01-01GABRIEL BRUNO
0052014-01-01GABRIEL BRUNO
0052013-01-01GRETCHEN FARRELL
0052012-01-01GRETCHEN FARRELL
0052011-01-01GRETCHEN FARRELL
0052010-01-01GRETCHEN FARRELL
0052009-01-01GRETCHEN FARRELL
0052009-01-01GRETCHEN FARRELL
0052009-01-01GRETCHEN FARRELL

Plan Statistics for THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN

401k plan membership statisitcs for THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN

Measure Date Value
2022: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-016,105
Total number of active participants reported on line 7a of the Form 55002022-01-014,842
Number of retired or separated participants receiving benefits2022-01-0182
Number of other retired or separated participants entitled to future benefits2022-01-011,758
Total of all active and inactive participants2022-01-016,682
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0131
Total participants2022-01-016,713
Number of participants with account balances2022-01-016,440
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-015,695
Total number of active participants reported on line 7a of the Form 55002021-01-014,477
Number of retired or separated participants receiving benefits2021-01-0183
Number of other retired or separated participants entitled to future benefits2021-01-011,517
Total of all active and inactive participants2021-01-016,077
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0128
Total participants2021-01-016,105
Number of participants with account balances2021-01-015,868
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-015,513
Total number of active participants reported on line 7a of the Form 55002020-01-014,194
Number of retired or separated participants receiving benefits2020-01-0132
Number of other retired or separated participants entitled to future benefits2020-01-011,447
Total of all active and inactive participants2020-01-015,673
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0122
Total participants2020-01-015,695
Number of participants with account balances2020-01-015,555
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-014,981
Total number of active participants reported on line 7a of the Form 55002019-01-014,125
Number of retired or separated participants receiving benefits2019-01-0188
Number of other retired or separated participants entitled to future benefits2019-01-011,279
Total of all active and inactive participants2019-01-015,492
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0121
Total participants2019-01-015,513
Number of participants with account balances2019-01-015,353
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-014,563
Total number of active participants reported on line 7a of the Form 55002018-01-013,869
Number of retired or separated participants receiving benefits2018-01-0184
Number of other retired or separated participants entitled to future benefits2018-01-011,007
Total of all active and inactive participants2018-01-014,960
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0121
Total participants2018-01-014,981
Number of participants with account balances2018-01-014,768
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-017
2017: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013,851
Total number of active participants reported on line 7a of the Form 55002017-01-013,498
Number of retired or separated participants receiving benefits2017-01-0184
Number of other retired or separated participants entitled to future benefits2017-01-01960
Total of all active and inactive participants2017-01-014,542
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0121
Total participants2017-01-014,563
Number of participants with account balances2017-01-014,371
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016
2016: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013,940
Total number of active participants reported on line 7a of the Form 55002016-01-012,992
Number of retired or separated participants receiving benefits2016-01-0176
Number of other retired or separated participants entitled to future benefits2016-01-01763
Total of all active and inactive participants2016-01-013,831
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0120
Total participants2016-01-013,851
Number of participants with account balances2016-01-013,739
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0162
2015: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013,768
Total number of active participants reported on line 7a of the Form 55002015-01-013,107
Number of retired or separated participants receiving benefits2015-01-0169
Number of other retired or separated participants entitled to future benefits2015-01-01743
Total of all active and inactive participants2015-01-013,919
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0121
Total participants2015-01-013,940
Number of participants with account balances2015-01-013,862
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0183
2014: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013,690
Total number of active participants reported on line 7a of the Form 55002014-01-013,087
Number of retired or separated participants receiving benefits2014-01-0164
Number of other retired or separated participants entitled to future benefits2014-01-01599
Total of all active and inactive participants2014-01-013,750
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0118
Total participants2014-01-013,768
Number of participants with account balances2014-01-013,710
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0165
2013: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013,453
Total number of active participants reported on line 7a of the Form 55002013-01-013,106
Number of retired or separated participants receiving benefits2013-01-0151
Number of other retired or separated participants entitled to future benefits2013-01-01515
Total of all active and inactive participants2013-01-013,672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0118
Total participants2013-01-013,690
Number of participants with account balances2013-01-013,634
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0150
2012: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-013,251
Total number of active participants reported on line 7a of the Form 55002012-01-012,881
Number of retired or separated participants receiving benefits2012-01-0159
Number of other retired or separated participants entitled to future benefits2012-01-01497
Total of all active and inactive participants2012-01-013,437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0116
Total participants2012-01-013,453
Number of participants with account balances2012-01-013,351
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0127
2011: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013,204
Total number of active participants reported on line 7a of the Form 55002011-01-012,658
Number of retired or separated participants receiving benefits2011-01-0161
Number of other retired or separated participants entitled to future benefits2011-01-01497
Total of all active and inactive participants2011-01-013,216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0135
Total participants2011-01-013,251
Number of participants with account balances2011-01-013,076
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2010: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-013,518
Total number of active participants reported on line 7a of the Form 55002010-01-012,602
Number of retired or separated participants receiving benefits2010-01-0158
Number of other retired or separated participants entitled to future benefits2010-01-01510
Total of all active and inactive participants2010-01-013,170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-0134
Total participants2010-01-013,204
Number of participants with account balances2010-01-013,086
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0114
2009: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-013,799
Total number of active participants reported on line 7a of the Form 55002009-01-012,687
Number of retired or separated participants receiving benefits2009-01-0171
Number of other retired or separated participants entitled to future benefits2009-01-01750
Total of all active and inactive participants2009-01-013,508
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0110
Total participants2009-01-013,518
Number of participants with account balances2009-01-013,449
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0175

Financial Data on THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN

Measure Date Value
2022 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$340,596
Total unrealized appreciation/depreciation of assets2022-12-31$340,596
Total transfer of assets to this plan2022-12-31$111,864,032
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-90,565,044
Total loss/gain on sale of assets2022-12-31$-2,816,153
Total of all expenses incurred2022-12-31$60,487,572
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$60,215,884
Expenses. Certain deemed distributions of participant loans2022-12-31$101,176
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$47,035,154
Value of total assets at end of year2022-12-31$861,037,363
Value of total assets at beginning of year2022-12-31$900,225,947
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$170,512
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$625,189
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$15,381,707
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$13,258,998
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$28,153,452
Participant contributions at end of year2022-12-31$12,343,852
Participant contributions at beginning of year2022-12-31$11,700,518
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$23,797,371
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$30,321,186
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$3,511,918
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$267,507
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Administrative expenses (other) incurred2022-12-31$82,122
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-151,052,616
Value of net assets at end of year (total assets less liabilities)2022-12-31$861,037,363
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$900,225,947
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$88,390
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$314,937,754
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$529,438,718
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$625,189
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$381,373,132
Value of interest in common/collective trusts at beginning of year2022-12-31$200,160,642
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$1,158,400
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-99,767,161
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$-51,364,376
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$127,319,156
Assets. Invements in employer securities at beginning of year2022-12-31$128,116,514
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$15,369,784
Employer contributions (assets) at end of year2022-12-31$107,698
Employer contributions (assets) at beginning of year2022-12-31$220,862
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$2,122,709
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$60,215,884
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$47,934,251
Aggregate carrying amount (costs) on sale of assets2022-12-31$50,750,404
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BOBER MARKEY FEDOROVICH
Accountancy firm EIN2022-12-31341523030
2021 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$17,267,432
Total unrealized appreciation/depreciation of assets2021-12-31$17,267,432
Total transfer of assets to this plan2021-12-31$1,699,875
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$33,012
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$227,933,370
Total loss/gain on sale of assets2021-12-31$4,402,132
Total of all expenses incurred2021-12-31$80,015,606
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$79,622,490
Expenses. Certain deemed distributions of participant loans2021-12-31$123,260
Value of total corrective distributions2021-12-31$33,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$118,023,626
Value of total assets at end of year2021-12-31$900,225,947
Value of total assets at beginning of year2021-12-31$750,641,320
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$236,844
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$700,082
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$18,387,702
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$16,600,973
Assets. Real estate other than employer real property at end of year2021-12-31$0
Assets. Real estate other than employer real property at beginning of year2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$25,454,073
Participant contributions at end of year2021-12-31$11,700,518
Participant contributions at beginning of year2021-12-31$12,269,548
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$30,321,186
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$26,230,770
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$67,834,932
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$267,507
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$1,301,713
Administrative expenses (other) incurred2021-12-31$182,348
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$147,917,764
Value of net assets at end of year (total assets less liabilities)2021-12-31$900,225,947
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$750,608,308
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$0
Assets. partnership/joint venture interests at beginning of year2021-12-31$0
Investment advisory and management fees2021-12-31$54,496
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$529,438,718
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$519,802,074
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Interest on participant loans2021-12-31$700,041
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$0
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$200,160,642
Value of interest in common/collective trusts at beginning of year2021-12-31$84,349,403
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$41
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$0
Asset value of US Government securities at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$69,360,352
Net investment gain/loss from pooled separate accounts2021-12-31$0
Net investment gain or loss from common/collective trusts2021-12-31$-1,509,669
Net gain/loss from 103.12 investment entities2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$128,116,514
Assets. Invements in employer securities at beginning of year2021-12-31$107,989,525
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Contributions received in cash from employer2021-12-31$24,734,621
Employer contributions (assets) at end of year2021-12-31$220,862
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$1,786,729
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$79,622,490
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$0
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$33,012
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$37,997,562
Aggregate carrying amount (costs) on sale of assets2021-12-31$33,595,430
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2021-12-31381357951
2020 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$23,938,135
Total unrealized appreciation/depreciation of assets2020-12-31$23,938,135
Total transfer of assets to this plan2020-12-31$18,477,266
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$33,012
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$140,954
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$162,369,419
Total loss/gain on sale of assets2020-12-31$-4,543,466
Total of all expenses incurred2020-12-31$91,126,256
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$90,687,942
Expenses. Certain deemed distributions of participant loans2020-12-31$111,445
Value of total corrective distributions2020-12-31$33,012
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$50,778,227
Value of total assets at end of year2020-12-31$750,641,320
Value of total assets at beginning of year2020-12-31$661,028,833
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$293,857
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$767,684
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$13,356,530
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$11,278,878
Assets. Real estate other than employer real property at end of year2020-12-31$0
Assets. Real estate other than employer real property at beginning of year2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$23,731,179
Participant contributions at end of year2020-12-31$12,269,548
Participant contributions at beginning of year2020-12-31$14,537,149
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$26,230,770
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$17,177,586
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$3,707,863
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$6,829
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$7,257,175
Administrative expenses (other) incurred2020-12-31$259,385
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$71,243,163
Value of net assets at end of year (total assets less liabilities)2020-12-31$750,608,308
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$660,887,879
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$0
Assets. partnership/joint venture interests at beginning of year2020-12-31$0
Investment advisory and management fees2020-12-31$34,472
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$519,802,074
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$451,502,604
Value of interest in pooled separate accounts at end of year2020-12-31$0
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$762,121
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in master investment trust accounts at end of year2020-12-31$0
Value of interest in master investment trust accounts at beginning of year2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$84,349,403
Value of interest in common/collective trusts at beginning of year2020-12-31$67,474,362
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$5,563
Assets. Value of investments in 103.12 investment entities at end of year2020-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Asset value of US Government securities at end of year2020-12-31$0
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$64,456,545
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$6,358,589
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$107,989,525
Assets. Invements in employer securities at beginning of year2020-12-31$109,609,810
Assets. Value of employer real property at end of year2020-12-31$0
Assets. Value of employer real property at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$23,339,185
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$720,493
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$2,077,652
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$90,687,942
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$0
Contract administrator fees2020-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$0
Liabilities. Value of benefit claims payable at end of year2020-12-31$33,012
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$140,954
Assets. Value of buildings and other operty used in plan operation at end of year2020-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$55,425,431
Aggregate carrying amount (costs) on sale of assets2020-12-31$59,968,897
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2020-12-31381357951
2019 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$18,605,618
Total unrealized appreciation/depreciation of assets2019-12-31$18,605,618
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$140,954
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$8,093
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$167,925,745
Total loss/gain on sale of assets2019-12-31$3,741,865
Total of all expenses incurred2019-12-31$48,804,190
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$48,484,809
Expenses. Certain deemed distributions of participant loans2019-12-31$65,795
Value of total corrective distributions2019-12-31$140,954
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$45,842,678
Value of total assets at end of year2019-12-31$661,028,833
Value of total assets at beginning of year2019-12-31$541,774,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$112,632
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$755,084
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$15,842,571
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$13,528,639
Assets. Real estate other than employer real property at end of year2019-12-31$0
Assets. Real estate other than employer real property at beginning of year2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$30,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$19,936,458
Participant contributions at end of year2019-12-31$14,537,149
Participant contributions at beginning of year2019-12-31$12,912,430
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$17,177,586
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$12,117,361
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$1,960,459
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$6,829
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$780
Assets. Loans (other than to participants) at end of year2019-12-31$0
Assets. Loans (other than to participants) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$2,763,003
Administrative expenses (other) incurred2019-12-31$98,036
Liabilities. Value of operating payables at end of year2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$119,121,555
Value of net assets at end of year (total assets less liabilities)2019-12-31$660,887,879
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$541,766,324
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$0
Assets. partnership/joint venture interests at beginning of year2019-12-31$0
Investment advisory and management fees2019-12-31$14,596
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$451,502,604
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$351,515,102
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$758,972
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$0
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in master investment trust accounts at end of year2019-12-31$0
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$67,474,362
Value of interest in common/collective trusts at beginning of year2019-12-31$58,760,243
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$-3,888
Assets. Value of investments in 103.12 investment entities at end of year2019-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$0
Asset value of US Government securities at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$72,785,493
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$7,589,433
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$109,609,810
Assets. Invements in employer securities at beginning of year2019-12-31$105,826,909
Assets. Value of employer real property at end of year2019-12-31$0
Assets. Value of employer real property at beginning of year2019-12-31$0
Contributions received in cash from employer2019-12-31$23,945,761
Employer contributions (assets) at end of year2019-12-31$720,493
Employer contributions (assets) at beginning of year2019-12-31$641,592
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$2,313,932
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$48,484,809
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$0
Contract administrator fees2019-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$0
Liabilities. Value of benefit claims payable at end of year2019-12-31$140,954
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$8,093
Assets. Value of buildings and other operty used in plan operation at end of year2019-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$40,002,305
Aggregate carrying amount (costs) on sale of assets2019-12-31$36,260,440
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2019-12-31381357951
2018 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-15,321,923
Total unrealized appreciation/depreciation of assets2018-12-31$-15,321,923
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$8,093
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$127,896
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$12,055,093
Total loss/gain on sale of assets2018-12-31$-494,613
Total of all expenses incurred2018-12-31$52,621,769
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$52,443,334
Expenses. Certain deemed distributions of participant loans2018-12-31$58,758
Value of total corrective distributions2018-12-31$8,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$48,264,525
Value of total assets at end of year2018-12-31$541,774,417
Value of total assets at beginning of year2018-12-31$582,460,896
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$111,584
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$669,062
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$15,126,058
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$13,180,532
Assets. Real estate other than employer real property at end of year2018-12-31$0
Assets. Real estate other than employer real property at beginning of year2018-12-31$0
Administrative expenses professional fees incurred2018-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2018-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$30,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$18,828,054
Participant contributions at end of year2018-12-31$12,912,430
Participant contributions at beginning of year2018-12-31$13,061,258
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Assets. Other investments not covered elsewhere at end of year2018-12-31$12,117,361
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$11,302,531
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$5,291,856
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$780
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$616,117
Assets. Loans (other than to participants) at end of year2018-12-31$0
Assets. Loans (other than to participants) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$-1,007,566
Administrative expenses (other) incurred2018-12-31$111,307
Liabilities. Value of operating payables at end of year2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-40,566,676
Value of net assets at end of year (total assets less liabilities)2018-12-31$541,766,324
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$582,333,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$0
Assets. partnership/joint venture interests at beginning of year2018-12-31$0
Investment advisory and management fees2018-12-31$277
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$351,515,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$375,936,271
Value of interest in pooled separate accounts at end of year2018-12-31$0
Value of interest in pooled separate accounts at beginning of year2018-12-31$0
Interest on participant loans2018-12-31$669,062
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in master investment trust accounts at end of year2018-12-31$0
Value of interest in master investment trust accounts at beginning of year2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$58,760,243
Value of interest in common/collective trusts at beginning of year2018-12-31$58,774,711
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2018-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Asset value of US Government securities at end of year2018-12-31$0
Asset value of US Government securities at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-33,787,568
Net investment gain/loss from pooled separate accounts2018-12-31$0
Net investment gain or loss from common/collective trusts2018-12-31$-1,392,882
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31Yes
Assets. Invements in employer securities at end of year2018-12-31$105,826,909
Assets. Invements in employer securities at beginning of year2018-12-31$122,411,894
Assets. Value of employer real property at end of year2018-12-31$0
Assets. Value of employer real property at beginning of year2018-12-31$0
Contributions received in cash from employer2018-12-31$24,144,615
Employer contributions (assets) at end of year2018-12-31$641,592
Employer contributions (assets) at beginning of year2018-12-31$358,114
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$1,945,526
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$52,443,334
Asset. Corporate debt instrument preferred debt at end of year2018-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2018-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$0
Contract administrator fees2018-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$0
Liabilities. Value of benefit claims payable at end of year2018-12-31$8,093
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$127,896
Assets. Value of buildings and other operty used in plan operation at end of year2018-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$31,558,871
Aggregate carrying amount (costs) on sale of assets2018-12-31$32,053,484
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2018-12-31381357951
2017 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$16,560,505
Total unrealized appreciation/depreciation of assets2017-12-31$16,560,505
Total transfer of assets to this plan2017-12-31$17,902,872
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$127,896
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$125,815
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$131,869,897
Total loss/gain on sale of assets2017-12-31$6,089,763
Total of all expenses incurred2017-12-31$46,835,690
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$46,226,278
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$127,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$41,806,636
Value of total assets at end of year2017-12-31$582,460,896
Value of total assets at beginning of year2017-12-31$479,521,736
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$481,516
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$812,743
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$14,684,534
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$12,852,038
Assets. Real estate other than employer real property at end of year2017-12-31$0
Assets. Real estate other than employer real property at beginning of year2017-12-31$0
Administrative expenses professional fees incurred2017-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$30,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$16,097,179
Participant contributions at end of year2017-12-31$13,061,258
Participant contributions at beginning of year2017-12-31$12,586,385
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Assets. Other investments not covered elsewhere at end of year2017-12-31$11,302,531
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$7,924,593
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$3,947,432
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$616,117
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$124,919
Assets. Loans (other than to participants) at end of year2017-12-31$0
Assets. Loans (other than to participants) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$0
Administrative expenses (other) incurred2017-12-31$481,516
Liabilities. Value of operating payables at end of year2017-12-31$0
Liabilities. Value of operating payables at beginning of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$85,034,207
Value of net assets at end of year (total assets less liabilities)2017-12-31$582,333,000
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$479,395,921
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$0
Assets. partnership/joint venture interests at beginning of year2017-12-31$0
Investment advisory and management fees2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$375,936,271
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$303,995,372
Value of interest in pooled separate accounts at end of year2017-12-31$0
Value of interest in pooled separate accounts at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$592,318
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$210,567
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$925
Value of interest in master investment trust accounts at end of year2017-12-31$0
Value of interest in master investment trust accounts at beginning of year2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$58,774,711
Value of interest in common/collective trusts at beginning of year2017-12-31$45,883,445
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$8,933
Assets. Value of investments in 103.12 investment entities at end of year2017-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2017-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Asset value of US Government securities at end of year2017-12-31$0
Asset value of US Government securities at beginning of year2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$51,327,776
Net investment gain/loss from pooled separate accounts2017-12-31$0
Net investment gain or loss from common/collective trusts2017-12-31$587,940
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$122,411,894
Assets. Invements in employer securities at beginning of year2017-12-31$108,492,321
Assets. Value of employer real property at end of year2017-12-31$0
Assets. Value of employer real property at beginning of year2017-12-31$0
Contributions received in cash from employer2017-12-31$21,762,025
Employer contributions (assets) at end of year2017-12-31$358,114
Employer contributions (assets) at beginning of year2017-12-31$514,701
Income. Dividends from preferred stock2017-12-31$749
Income. Dividends from common stock2017-12-31$1,831,747
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$46,226,278
Asset. Corporate debt instrument preferred debt at end of year2017-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2017-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$0
Contract administrator fees2017-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$0
Liabilities. Value of benefit claims payable at end of year2017-12-31$127,896
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$125,815
Assets. Value of buildings and other operty used in plan operation at end of year2017-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$46,578,403
Aggregate carrying amount (costs) on sale of assets2017-12-31$40,488,640
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2017-12-31381357951
2016 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$19,726,357
Total unrealized appreciation/depreciation of assets2016-12-31$19,726,357
Total transfer of assets to this plan2016-12-31$2,196,576
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$125,815
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$208,869
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$84,214,104
Total loss/gain on sale of assets2016-12-31$20,227,589
Total of all expenses incurred2016-12-31$36,773,452
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$36,566,838
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$125,815
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$21,791,852
Value of total assets at end of year2016-12-31$479,521,736
Value of total assets at beginning of year2016-12-31$429,967,562
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$80,799
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$656,088
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$11,909,213
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$9,848,388
Assets. Real estate other than employer real property at end of year2016-12-31$0
Assets. Real estate other than employer real property at beginning of year2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$30,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$13,853,436
Participant contributions at end of year2016-12-31$12,586,385
Participant contributions at beginning of year2016-12-31$12,498,990
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$7,924,593
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$7,280,818
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$972,501
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$124,919
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$35,980
Assets. Loans (other than to participants) at end of year2016-12-31$0
Assets. Loans (other than to participants) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$0
Administrative expenses (other) incurred2016-12-31$80,799
Liabilities. Value of operating payables at end of year2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$47,440,652
Value of net assets at end of year (total assets less liabilities)2016-12-31$479,395,921
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$429,758,693
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$0
Assets. partnership/joint venture interests at beginning of year2016-12-31$0
Investment advisory and management fees2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$303,995,372
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$275,114,901
Value of interest in pooled separate accounts at end of year2016-12-31$0
Value of interest in pooled separate accounts at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$540,544
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$107,983
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$653
Value of interest in master investment trust accounts at end of year2016-12-31$0
Value of interest in master investment trust accounts at beginning of year2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$45,883,445
Value of interest in common/collective trusts at beginning of year2016-12-31$40,376,297
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$3,754,889
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$3,754,889
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$6,908
Assets. Value of investments in 103.12 investment entities at end of year2016-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2016-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Asset value of US Government securities at end of year2016-12-31$0
Asset value of US Government securities at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$9,306,530
Net investment gain/loss from pooled separate accounts2016-12-31$0
Net investment gain or loss from common/collective trusts2016-12-31$596,475
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$108,492,321
Assets. Invements in employer securities at beginning of year2016-12-31$90,407,584
Assets. Value of employer real property at end of year2016-12-31$0
Assets. Value of employer real property at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$6,965,915
Employer contributions (assets) at end of year2016-12-31$514,701
Employer contributions (assets) at beginning of year2016-12-31$498,103
Income. Dividends from preferred stock2016-12-31$205
Income. Dividends from common stock2016-12-31$2,060,620
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$36,566,838
Asset. Corporate debt instrument preferred debt at end of year2016-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$0
Contract administrator fees2016-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$0
Liabilities. Value of benefit claims payable at end of year2016-12-31$125,815
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$208,869
Assets. Value of buildings and other operty used in plan operation at end of year2016-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$153,306,269
Aggregate carrying amount (costs) on sale of assets2016-12-31$133,078,680
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2016-12-31381357951
2015 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets2015-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-28,357,838
Total unrealized appreciation/depreciation of assets2015-12-31$-28,357,838
Total transfer of assets to this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$208,869
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$157,300
Expenses. Interest paid2015-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$0
Total income from all sources (including contributions)2015-12-31$5,300,838
Total loss/gain on sale of assets2015-12-31$-1,760,480
Total of all expenses incurred2015-12-31$36,592,159
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$36,572,073
Expenses. Certain deemed distributions of participant loans2015-12-31$-256,995
Value of total corrective distributions2015-12-31$208,869
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$28,768,253
Value of total assets at end of year2015-12-31$429,967,562
Value of total assets at beginning of year2015-12-31$461,207,314
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$68,212
Total income from rents2015-12-31$0
Total interest from all sources2015-12-31$643,147
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$15,032,239
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$12,910,345
Assets. Real estate other than employer real property at end of year2015-12-31$0
Assets. Real estate other than employer real property at beginning of year2015-12-31$0
Administrative expenses professional fees incurred2015-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$30,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$19,596,195
Participant contributions at end of year2015-12-31$12,498,990
Participant contributions at beginning of year2015-12-31$11,744,969
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$7,280,818
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$6,005,400
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$35,980
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Assets. Loans (other than to participants) at end of year2015-12-31$0
Assets. Loans (other than to participants) at beginning of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$120,667
Other income not declared elsewhere2015-12-31$0
Administrative expenses (other) incurred2015-12-31$68,212
Liabilities. Value of operating payables at end of year2015-12-31$0
Liabilities. Value of operating payables at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$-31,291,321
Value of net assets at end of year (total assets less liabilities)2015-12-31$429,758,693
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$461,050,014
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$0
Assets. partnership/joint venture interests at beginning of year2015-12-31$0
Investment advisory and management fees2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$275,114,901
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$265,541,943
Value of interest in pooled separate accounts at end of year2015-12-31$0
Value of interest in pooled separate accounts at beginning of year2015-12-31$0
Interest on participant loans2015-12-31$521,292
Income. Interest from loans (other than to participants)2015-12-31$0
Interest earned on other investments2015-12-31$115,921
Income. Interest from US Government securities2015-12-31$0
Income. Interest from corporate debt instruments2015-12-31$653
Value of interest in master investment trust accounts at end of year2015-12-31$0
Value of interest in master investment trust accounts at beginning of year2015-12-31$0
Value of interest in common/collective trusts at end of year2015-12-31$40,376,297
Value of interest in common/collective trusts at beginning of year2015-12-31$33,982,021
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$3,754,889
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$5,771,533
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$5,771,533
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$5,281
Assets. Value of investments in 103.12 investment entities at end of year2015-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2015-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Asset value of US Government securities at end of year2015-12-31$0
Asset value of US Government securities at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-9,033,112
Net investment gain/loss from pooled separate accounts2015-12-31$0
Net investment gain or loss from common/collective trusts2015-12-31$8,629
Net gain/loss from 103.12 investment entities2015-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$90,407,584
Assets. Invements in employer securities at beginning of year2015-12-31$137,633,014
Assets. Value of employer real property at end of year2015-12-31$0
Assets. Value of employer real property at beginning of year2015-12-31$0
Contributions received in cash from employer2015-12-31$9,172,058
Employer contributions (assets) at end of year2015-12-31$498,103
Employer contributions (assets) at beginning of year2015-12-31$528,434
Income. Dividends from preferred stock2015-12-31$0
Income. Dividends from common stock2015-12-31$2,121,894
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$36,572,073
Asset. Corporate debt instrument preferred debt at end of year2015-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2015-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$0
Contract administrator fees2015-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$0
Liabilities. Value of benefit claims payable at end of year2015-12-31$208,869
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$36,633
Assets. Value of buildings and other operty used in plan operation at end of year2015-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$42,299,831
Aggregate carrying amount (costs) on sale of assets2015-12-31$44,060,311
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2015-12-31381357951
2014 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-3,505,092
Total unrealized appreciation/depreciation of assets2014-12-31$-3,505,092
Total transfer of assets to this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$157,300
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$66,831
Expenses. Interest paid2014-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$0
Total income from all sources (including contributions)2014-12-31$40,907,219
Total loss/gain on sale of assets2014-12-31$510,246
Total of all expenses incurred2014-12-31$27,566,305
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$27,491,960
Expenses. Certain deemed distributions of participant loans2014-12-31$-27,830
Value of total corrective distributions2014-12-31$36,633
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$25,996,908
Value of total assets at end of year2014-12-31$461,207,314
Value of total assets at beginning of year2014-12-31$447,775,931
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$65,542
Total income from rents2014-12-31$0
Total interest from all sources2014-12-31$609,954
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$13,497,534
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$11,786,769
Assets. Real estate other than employer real property at end of year2014-12-31$0
Assets. Real estate other than employer real property at beginning of year2014-12-31$0
Administrative expenses professional fees incurred2014-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$15,876,843
Participant contributions at end of year2014-12-31$11,744,969
Participant contributions at beginning of year2014-12-31$11,243,928
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$0
Assets. Other investments not covered elsewhere at end of year2014-12-31$6,005,400
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$5,075,208
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$60,220
Assets. Loans (other than to participants) at end of year2014-12-31$0
Assets. Loans (other than to participants) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$120,667
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$0
Administrative expenses (other) incurred2014-12-31$65,542
Liabilities. Value of operating payables at end of year2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Income. Non cash contributions2014-12-31$0
Value of net income/loss2014-12-31$13,340,914
Value of net assets at end of year (total assets less liabilities)2014-12-31$461,050,014
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$447,709,100
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$0
Assets. partnership/joint venture interests at beginning of year2014-12-31$0
Investment advisory and management fees2014-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$265,541,943
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$246,388,955
Value of interest in pooled separate accounts at end of year2014-12-31$0
Value of interest in pooled separate accounts at beginning of year2014-12-31$0
Interest on participant loans2014-12-31$509,707
Income. Interest from loans (other than to participants)2014-12-31$0
Interest earned on other investments2014-12-31$97,506
Income. Interest from US Government securities2014-12-31$0
Income. Interest from corporate debt instruments2014-12-31$0
Value of interest in master investment trust accounts at end of year2014-12-31$0
Value of interest in master investment trust accounts at beginning of year2014-12-31$0
Value of interest in common/collective trusts at end of year2014-12-31$33,982,021
Value of interest in common/collective trusts at beginning of year2014-12-31$39,143,902
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$5,771,533
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$6,369,119
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$6,369,119
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$2,741
Assets. Value of investments in 103.12 investment entities at end of year2014-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2014-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Asset value of US Government securities at end of year2014-12-31$0
Asset value of US Government securities at beginning of year2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$3,477,936
Net investment gain/loss from pooled separate accounts2014-12-31$0
Net investment gain or loss from common/collective trusts2014-12-31$319,733
Net gain/loss from 103.12 investment entities2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$137,633,014
Assets. Invements in employer securities at beginning of year2014-12-31$138,973,530
Assets. Value of employer real property at end of year2014-12-31$0
Assets. Value of employer real property at beginning of year2014-12-31$0
Contributions received in cash from employer2014-12-31$10,120,065
Employer contributions (assets) at end of year2014-12-31$528,434
Employer contributions (assets) at beginning of year2014-12-31$521,069
Income. Dividends from preferred stock2014-12-31$0
Income. Dividends from common stock2014-12-31$1,710,765
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$27,491,960
Asset. Corporate debt instrument preferred debt at end of year2014-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2014-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$0
Contract administrator fees2014-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$0
Liabilities. Value of benefit claims payable at end of year2014-12-31$36,633
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$66,831
Assets. Value of buildings and other operty used in plan operation at end of year2014-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$31,661,204
Aggregate carrying amount (costs) on sale of assets2014-12-31$31,150,958
Liabilities. Value of acquisition indebtedness at end of year2014-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31ERNST & YOUNG
Accountancy firm EIN2014-12-31346565596
2013 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$40,058,268
Total unrealized appreciation/depreciation of assets2013-12-31$40,058,268
Total transfer of assets to this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$66,831
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$121,613,469
Total loss/gain on sale of assets2013-12-31$6,532,619
Total of all expenses incurred2013-12-31$18,789,493
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$18,645,358
Expenses. Certain deemed distributions of participant loans2013-12-31$14,854
Value of total corrective distributions2013-12-31$66,831
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$24,096,498
Value of total assets at end of year2013-12-31$447,775,931
Value of total assets at beginning of year2013-12-31$344,885,124
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$62,450
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$549,671
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$9,141,381
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$8,001,081
Assets. Real estate other than employer real property at end of year2013-12-31$0
Assets. Real estate other than employer real property at beginning of year2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$14,588,360
Participant contributions at end of year2013-12-31$11,243,928
Participant contributions at beginning of year2013-12-31$10,395,508
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$271
Assets. Other investments not covered elsewhere at end of year2013-12-31$5,075,208
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$1,675,402
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$60,220
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$1,677,904
Assets. Loans (other than to participants) at end of year2013-12-31$0
Assets. Loans (other than to participants) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$0
Administrative expenses (other) incurred2013-12-31$62,450
Liabilities. Value of operating payables at end of year2013-12-31$0
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$102,823,976
Value of net assets at end of year (total assets less liabilities)2013-12-31$447,709,100
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$344,885,124
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$0
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$246,388,955
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$188,559,143
Value of interest in pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$474,932
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$49,758
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$0
Value of interest in common/collective trusts at end of year2013-12-31$39,143,902
Value of interest in common/collective trusts at beginning of year2013-12-31$37,734,804
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$6,369,119
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$2,515,909
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$2,515,909
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$24,981
Assets. Value of investments in 103.12 investment entities at end of year2013-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Asset value of US Government securities at end of year2013-12-31$0
Asset value of US Government securities at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$41,351,983
Net investment gain/loss from pooled separate accounts2013-12-31$0
Net investment gain or loss from common/collective trusts2013-12-31$-116,951
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$138,973,530
Assets. Invements in employer securities at beginning of year2013-12-31$101,879,646
Assets. Value of employer real property at end of year2013-12-31$0
Assets. Value of employer real property at beginning of year2013-12-31$0
Contributions received in cash from employer2013-12-31$9,508,138
Employer contributions (assets) at end of year2013-12-31$521,069
Employer contributions (assets) at beginning of year2013-12-31$446,537
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$1,140,300
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$18,645,358
Asset. Corporate debt instrument preferred debt at end of year2013-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$0
Contract administrator fees2013-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$0
Liabilities. Value of benefit claims payable at end of year2013-12-31$66,831
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$35,342,588
Aggregate carrying amount (costs) on sale of assets2013-12-31$28,809,969
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31ERNST & YOUNG
Accountancy firm EIN2013-12-31346565596
2012 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$18,694,039
Total unrealized appreciation/depreciation of assets2012-12-31$18,694,039
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$154,454
Total income from all sources (including contributions)2012-12-31$71,417,646
Total loss/gain on sale of assets2012-12-31$2,550,455
Total of all expenses incurred2012-12-31$13,801,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$13,628,201
Expenses. Certain deemed distributions of participant loans2012-12-31$116,745
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$23,412,038
Value of total assets at end of year2012-12-31$344,885,124
Value of total assets at beginning of year2012-12-31$287,422,942
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$56,064
Total interest from all sources2012-12-31$483,048
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$7,268,079
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$5,433,219
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$14,868,086
Participant contributions at end of year2012-12-31$10,395,508
Participant contributions at beginning of year2012-12-31$9,372,920
Participant contributions at end of year2012-12-31$271
Participant contributions at beginning of year2012-12-31$7,250
Assets. Other investments not covered elsewhere at end of year2012-12-31$1,675,402
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$1,677,904
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Administrative expenses (other) incurred2012-12-31$56,064
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$57,616,636
Value of net assets at end of year (total assets less liabilities)2012-12-31$344,885,124
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$287,268,488
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$188,559,143
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$154,341,221
Interest on participant loans2012-12-31$475,619
Value of interest in common/collective trusts at end of year2012-12-31$37,734,804
Value of interest in common/collective trusts at beginning of year2012-12-31$33,431,050
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,515,909
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$3,387,014
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$3,387,014
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$7,429
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$18,342,081
Net investment gain or loss from common/collective trusts2012-12-31$667,906
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$101,879,646
Assets. Invements in employer securities at beginning of year2012-12-31$86,499,719
Contributions received in cash from employer2012-12-31$8,543,952
Employer contributions (assets) at end of year2012-12-31$446,537
Employer contributions (assets) at beginning of year2012-12-31$383,768
Income. Dividends from common stock2012-12-31$1,834,860
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$13,628,201
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Liabilities. Value of benefit claims payable at end of year2012-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$154,454
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$23,208,033
Aggregate carrying amount (costs) on sale of assets2012-12-31$20,657,578
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31ERNST & YOUNG
Accountancy firm EIN2012-12-31346565596
2011 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$13,165,259
Total unrealized appreciation/depreciation of assets2011-12-31$13,165,259
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$154,454
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$488,714
Total income from all sources (including contributions)2011-12-31$33,545,538
Total loss/gain on sale of assets2011-12-31$2,195,960
Total of all expenses incurred2011-12-31$12,038,207
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$11,807,652
Expenses. Certain deemed distributions of participant loans2011-12-31$22,708
Value of total corrective distributions2011-12-31$154,454
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$17,702,630
Value of total assets at end of year2011-12-31$287,422,942
Value of total assets at beginning of year2011-12-31$266,249,871
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$53,393
Total interest from all sources2011-12-31$447,559
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$4,849,195
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$3,519,102
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$10,609,950
Participant contributions at end of year2011-12-31$9,372,920
Participant contributions at beginning of year2011-12-31$9,061,000
Participant contributions at end of year2011-12-31$7,250
Participant contributions at beginning of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$1,255,526
Administrative expenses (other) incurred2011-12-31$53,393
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$21,507,331
Value of net assets at end of year (total assets less liabilities)2011-12-31$287,268,488
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$265,761,157
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$154,341,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$153,599,304
Interest on participant loans2011-12-31$442,153
Value of interest in common/collective trusts at end of year2011-12-31$33,431,050
Value of interest in common/collective trusts at beginning of year2011-12-31$27,810,060
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$3,387,014
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,608,335
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,608,335
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$5,406
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-5,790,227
Net investment gain or loss from common/collective trusts2011-12-31$975,162
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$86,499,719
Assets. Invements in employer securities at beginning of year2011-12-31$71,572,798
Contributions received in cash from employer2011-12-31$7,092,680
Employer contributions (assets) at end of year2011-12-31$383,768
Employer contributions (assets) at beginning of year2011-12-31$342,848
Income. Dividends from common stock2011-12-31$1,330,093
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$11,807,652
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Liabilities. Value of benefit claims payable at end of year2011-12-31$154,454
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$488,714
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$20,835,127
Aggregate carrying amount (costs) on sale of assets2011-12-31$18,639,167
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31ERNST & YOUNG LLP
Accountancy firm EIN2011-12-31346565596
2010 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$12,726,632
Total unrealized appreciation/depreciation of assets2010-12-31$12,726,632
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$488,714
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$729,368
Total income from all sources (including contributions)2010-12-31$50,850,841
Total loss/gain on sale of assets2010-12-31$888,356
Total of all expenses incurred2010-12-31$13,740,101
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$13,530,706
Expenses. Certain deemed distributions of participant loans2010-12-31$11,387
Value of total corrective distributions2010-12-31$144,778
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$15,504,724
Value of total assets at end of year2010-12-31$266,249,871
Value of total assets at beginning of year2010-12-31$229,379,785
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$53,230
Total interest from all sources2010-12-31$429,482
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$4,145,761
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$2,929,652
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$9,031,099
Participant contributions at end of year2010-12-31$9,061,000
Participant contributions at beginning of year2010-12-31$7,952,321
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$186,879
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$1,255,526
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$720,660
Administrative expenses (other) incurred2010-12-31$53,230
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$37,110,740
Value of net assets at end of year (total assets less liabilities)2010-12-31$265,761,157
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$228,650,417
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$153,599,304
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$131,074,268
Interest on participant loans2010-12-31$423,363
Value of interest in common/collective trusts at end of year2010-12-31$27,810,060
Value of interest in common/collective trusts at beginning of year2010-12-31$26,027,290
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,608,335
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,218,432
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,218,432
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$6,119
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$16,099,629
Net investment gain or loss from common/collective trusts2010-12-31$1,056,257
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$71,572,798
Assets. Invements in employer securities at beginning of year2010-12-31$60,884,846
Contributions received in cash from employer2010-12-31$6,473,625
Employer contributions (assets) at end of year2010-12-31$342,848
Employer contributions (assets) at beginning of year2010-12-31$315,089
Income. Dividends from common stock2010-12-31$1,216,109
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$13,530,706
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Liabilities. Value of benefit claims payable at end of year2010-12-31$488,714
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$729,368
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$13,216,968
Aggregate carrying amount (costs) on sale of assets2010-12-31$12,328,612
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31ERNST & YOUNG
Accountancy firm EIN2010-12-31346565596
2009 : THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN

2022: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334487 01
Policy instance 1
Insurance contract or identification number334487 01
Number of Individuals Covered1
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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