401(k) · DOL Form 5500 · 2022

Wec Energy Group, Inc. 401(k) Plan

Data updated 2026-08-25

$1.7B
Total assets Very large vs avg
3,444
Participants Above avg headcount
99th
Percentile by assets National rank
$491,691
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wec Energy Group Employee Retirement Savings Plan · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$1.7B in assets, 3,444 participants

Wec Energy Group, Inc.'s Wec Energy Group Employee Retirement Savings Plan reported $1.7B in total assets and 3,444 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #688 in Utilities (738 peers)

Coverage in Wisconsin

Wec Energy Group Employee Retirement Savings Plan covers 3,444 participants in Wisconsin, 6.1x the typical Wisconsin plan (state average ~563 per filing). Assets: $1.7B.

#688
in Utilities (738 peers)
-21.3%
assets change YoY
17×
vs typical plan assets (national mean)

The plan reported a net loss of $459M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Wec Energy Group Employee Retirement Savings Plan's outsized position by total assets

Wec Energy Group Employee Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,693,384,000 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Wec Energy Group Employee Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wec Energy Group Employee Retirement Savings Plan lands in the large band (3,444 participants).

DOL schedule card

Filing strip 391391525 · Wec Energy Group, Inc. PY 2022 · 401(k)

Wec Energy Group Employee Retirement Savings Plan · $1.7B · 3,444 · 99th

  • BOOK $1.7B
  • BOOK 3,444
  • BOOK 99th
  • BOOK 401(k)
  • BOOK near Stifel Financial Profit Sharing 401(k) Plan
  • BOOK ind #688

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Wisconsin →

Wec Energy Group Employee Retirement Savings Plan in the asset neighbourhood

Air Liquide & Airgas 401(k) PlanAir Liquide & Airgas 401(k) …$1.7BWec Energy Group Employee Retirement Savings PlanWec Energy Group Employee Re…$1.7BStifel Financial Profit Sharing 401(k) PlanStifel Financial Profit Shar…$1.7BLockheed Martin Corporation Hourly Employee Savings Plan PlusLockheed Martin Corporation …$1.7BRegeneron Pharmaceuticals, Inc. 401(k) Savings PlanRegeneron Pharmaceuticals, I…$1.7B
End-of-year total assets ($B) among Wec Energy Group Employee Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Wisconsin filing particulars

Total Assets (Beginning of Year)$2.2B
Net Assets (End of Year)$1.7B
Net Income-$459M
Employer EIN391391525
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wec Energy Group, Inc.)

Sponsor-wide plan assets over time

All Wec Energy Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6.4B 8.758255265520711% vs 2022
2024 filing year
$5.8B$6B$6.2B$6.4B$6.6B 202220232024 $5.92B $6.43B ▲ +8.6%
Year Plans Participants Total Assets
2022 11 11,543 $5.9B
2023 11 11,075 $6.2B
2024 11 10,813 $6.4B

Nearby 401(k) Plans in Wisconsin

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Wec Energy Group Employee Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. 0100002000030000 123456 Total assets ($B) Participants Wec Energy Group Employee Retirement Savings Plan, Total assets ($B): 1.693384 · Participants: 3444Wec Energy Group Employee Retirement Savings PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 5.548820507 · Participants: 28701Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.339639169 · Participants: 26610Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 3.978902 · Participants: 11034Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.151693798 · Participants: 8032Rockwell Automation Retirement Savings PlanNm Employee Savings Plan, Total assets ($B): 2.385991887 · Participants: 7423Nm Employee Savings Plan
Wec Energy Group Employee Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Employee Retirement Savings Plan side-by-side with 3 peers →

Wec Energy Group Employee Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Stifel Financial Profit Sharing 401(k) Plan in MO ($1.7B); by covered participants it is Newmark 401(k) Plan in NY (3,444 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,444 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wec Energy Group Employee Retirement Savings Plan assets move in 2022? ▼
Wec Energy Group Employee Retirement Savings Plan declined sharply - down 21.3% during 2022, from $2.2B to $1.7B. Reported net income was -$459M.
How have Wec Energy Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wec Energy Group, Inc.'s sponsor-wide assets grew 8.8%, from $5.9B to $6.4B.
Where does Wec Energy Group Employee Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Wec Energy Group Employee Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Wec Energy Group Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Stifel Financial Profit Sharing 401(k) Plan in MO ($1.7B, 8,005 participants).
Which 401(k) plans cover a similar participant headcount to Wec Energy Group Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Newmark 401(k) Plan in NY (3,444 participants, $195M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 391391525.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.