Defined Benefit (Pension) · DOL Form 5500 · 2022

Wec Energy Group, Inc. Pension Plan

Data updated 2026-08-25

$188M
Total assets Near avg plan size
412
Participants Below avg headcount
95th
Percentile by assets National rank
$457,493
Avg per participant High balance/head
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Official DOL plan name: Wec Energy Group Retirement Plan for Wec Business Services · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$188M in assets, 412 participants

Wec Energy Group, Inc.'s Wec Energy Group Retirement Plan for Wec Business Services reported $188M in total assets and 412 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • #542 in Utilities (738 peers)

Utilities sector rank

Within Utilities, Wec Energy Group Retirement Plan for Wec Business Services ranks #542 of 738 2022 filers by assets (285% of the sector average)-$188M for 412 participants.

#542
in Utilities (738 peers)
-24.6%
assets change YoY
1.9×
vs typical plan assets (national mean)

The plan reported a net loss of $61M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Wec Energy Group Retirement Plan for Wec Business Services's outsized position by total assets

Wec Energy Group Retirement Plan for Wec Business Services vs every filed plan by assets

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

$188,487,000 Top 5% higher than 95% 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 Retirement Plan for Wec Business Services among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wec Energy Group Retirement Plan for Wec Business Services sits mid-pack in the medium band (412 participants).

Plan-year Form 5500 strip

Filing strip 391391525 · Wec Energy Group, Inc. PY 2022 · Defined Benefit (Pension)

Wec Energy Group Retirement Plan for Wec Business Services · $188M · 412 · 95th

  • EIN $188M
  • RANK 412
  • PHOTO 95th
  • IND Defined Benefit (Pension)
  • EOY near Ua Plumbers Local 24 Pension Fund
  • 5500 ind #542

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 Retirement Plan for Wec Business Services in the asset neighbourhood

Insurance Organizations Employees' Retirement PlanInsurance Organizations Empl…$189MSumma Health Retirement Income Plan and TrustSumma Health Retirement Inco…$189MWec Energy Group Retirement Plan for Wec Business ServicesWec Energy Group Retirement …$188MUa Plumbers Local 24 Pension FundUa Plumbers Local 24 Pension…$188MInsulators Local No. 2 Pension PlanInsulators Local No. 2 Pensi…$188M
End-of-year total assets ($M) among Wec Energy Group Retirement Plan for Wec Business Services and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Utilities filing particulars

Total Assets (Beginning of Year)$250M
Net Assets (End of Year)$188M
Net Income-$61M
Employer EIN391391525
Plan Effective Date2017-01-01
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 Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Wec Energy Group Retirement Plan for Wec Business Services vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 01234 Total assets ($B) Participants Wec Energy Group Retirement Plan for Wec Business Services, Total assets ($B): 0.188487 · Participants: 412Wec Energy Group Retirement Plan for Wec Business ServicesThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.074208374 · Participants: 7377The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 2.951985172 · Participants: 9724Building Trades United Pension Trust Fund Milwaukee and VicinityRockwell Automation Pension Plan, Total assets ($B): 2.144532065 · Participants: 3077Rockwell Automation Pension PlanThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 1.927367772 · Participants: 7278The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.826706645 · Participants: 1744Harley-Davidson Retirement Plan
Wec Energy Group Retirement Plan for Wec Business Services vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Retirement Plan for Wec Business Services side-by-side with 3 peers →

Wec Energy Group Retirement Plan for Wec Business Services's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Ua Plumbers Local 24 Pension Fund in NJ ($188M); by covered participants it is Trucking Employees of North Jersey Pension Fund in NJ (412 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($188M here).

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 Retirement Plan for Wec Business Services assets move in 2022? ▼
Wec Energy Group Retirement Plan for Wec Business Services declined sharply - down 24.6% during 2022, from $250M to $188M. Reported net income was -$61M.
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 Retirement Plan for Wec Business Services rank by assets among Form 5500 filers? ▼
Wec Energy Group Retirement Plan for Wec Business Services ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Wec Energy Group Retirement Plan for Wec Business Services? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ua Plumbers Local 24 Pension Fund in NJ ($188M, 590 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wec Energy Group Retirement Plan for Wec Business Services? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Trucking Employees of North Jersey Pension Fund in NJ (412 participants, $701M 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.