401(k) · DOL Form 5500 · 2022
Wec Energy Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.7B
- Total assets
- 3,444
- Participants
- 99th
- Percentile by assets
- $491,691
- Avg per participant
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.
- 99th percentile by assets (of 139,126 plans)
- #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.
- $1.7B
- total plan assets (2022 EOY)
- 3,444
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $491,691
- avg assets per participant
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.
Participants vs Wisconsin filers
In Wisconsin, the average filing covers about 563 participants across 2,940 plans. Wec Energy Group Employee Retirement Savings Plan reports 3,444 participants - 6.1x that state average ($1.7B EOY assets).
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $2.2B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | -$459M |
| Employer EIN | 391391525 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wec Energy Group, Inc.)
| 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
- Johnson Controls Retirement Savings and Investment Plan $5.5B · 28,701
- Fiserv 401(k) Savings Plan $4.3B · 26,610
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $4.0B · 11,034
- Rockwell Automation Retirement Savings Plan $3.2B · 8,032
- Nm Employee Savings Plan $2.4B · 7,423
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Wec Energy Group Employee Retirement Savings Plan by total assets, not by location.
- Stifel Financial Profit Sharing 401(k) Plan (MO) $1.7B · 8,005
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus (MD) $1.7B · 15,941
- Regeneron Pharmaceuticals, Inc. 401(k) Savings Plan (NY) $1.7B · 8,564
- Air Liquide & Airgas 401(k) Plan (TX) $1.7B · 16,614
Frequently Asked Questions
How did Wec Energy Group Employee Retirement Savings Plan assets move in 2022? ▼
How have Wec Energy Group, Inc. plan assets changed over time? ▼
Where does Wec Energy Group Employee Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Wec Energy Group Employee Retirement Savings Plan's numbers.
- By total assets, Wec Energy Group Employee Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Wisconsin. Compare plans
- Wec Energy Group, Inc.'s sponsor-wide assets have grown 8.8% since 2022 across 3 plan years on file. More Utilities plans