401(k) · DOL Form 5500 · 2022

The Wells Companies 401(k) Plan

Data updated 2026-08-25

$72M
Total assets Below avg plan size
752
Participants Near avg headcount
91st
Percentile by assets National rank
$95,475
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan · Sponsored by The Wells Companies · Minnesota · Manufacturing

$72M in assets, 752 participants

The Wells Companies's Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan reported $72M in total assets and 752 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.

  • #17,740 in Manufacturing (20,602 peers)

Where Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits by assets

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits in the top 10% of all filed plans by assets, $72M for 752 participants (~$95,475/participant), up 28.8% in 2022.

#17,740
in Manufacturing (20,602 peers)
+28.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan's outsized position by total assets

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs every filed plan by assets

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

$71,797,517 Top 9% higher than 91% 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

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan 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. Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits mid-pack in the medium band (752 participants).

DOL schedule card

Filing strip 272789430 · The Wells Companies PY 2022 · 401(k)

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan · $72M · 752 · 91st

  • PHOTO $72M
  • IND 752
  • EOY 91st
  • 5500 401(k)
  • ASSETS near Conner Strong & Buckelew Companies, Inc. 401(k) Plan
  • PCT ind #17740

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 Manufacturing retirement plans → · Plans in Minnesota →

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan in the asset neighbourhood

Pinnacle Health System 401(k) PlanPinnacle Health System 401(k…$72MColumbia Sussex 401(k) Plan$72MWells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement PlanWells Concrete Products Comp…$72MConner Strong & Buckelew Companies, Inc. 401(k) PlanConner Strong & Buckelew Com…$72MRequest Foods, Inc. Profit Sharing and SavingsRequest Foods, Inc. Profit S…$72M
End-of-year total assets ($M) among Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$72M
Net Income-$16M
Employer EIN272789430
Plan Effective Date1967-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Wells Companies)

Sponsor-wide plan assets over time

All The Wells Companies plans reported in each filing year

Latest sponsor-wide plan assets
$108M 50.41233668289671% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $71.8M $108M ▲ +50.4%
Year Plans Participants Total Assets
2022 1 752 $72M
2023 1 1,070 $83M
2024 1 1,006 $108M

Nearby 401(k) Plans in Minnesota

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

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan, Total assets ($B): 0.071797517 · Participants: 752Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan side-by-side with 3 peers →

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Conner Strong & Buckelew Companies, Inc. 401(k) Plan in NJ ($72M); by covered participants it is Farmers Automobile Insurance Association 401(k) Savings Plan in IL (752 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($72M here).

Similar participant headcount

Nearest other-state filings by covered participants (752 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 Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan assets move in 2022? ▼
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan grew sharply - up 28.8% during 2022, from $56M to $72M. Reported net income was -$16M.
How have The Wells Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Wells Companies's sponsor-wide assets grew 50.4%, from $72M to $108M.
Where does Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan rank by assets among Form 5500 filers? ▼
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan ranks in the 91st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Conner Strong & Buckelew Companies, Inc. 401(k) Plan in NJ ($72M, 441 participants).
Which 401(k) plans cover a similar participant headcount to Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Farmers Automobile Insurance Association 401(k) Savings Plan in IL (752 participants, $82M 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 272789430.

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.