Profit Sharing · DOL Form 5500 · 2022

Wells & Tate Electric Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
30
Participants Small participant base
68th
Percentile by assets National rank
$389,999
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wells & Tate Electric Co., Inc. Profit Sharing Plan · Sponsored by Wells & Tate Electric Co., Inc. · Alabama · Construction

$12M in assets, 30 participants

Wells & Tate Electric Co., Inc.'s Wells & Tate Electric Co., Inc. Profit Sharing Plan reported $12M in total assets and 30 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.

  • #6,724 in Construction (9,927 peers)

Wells & Tate Electric Co., Inc. multi-year trail

Wells & Tate Electric Co., Inc.'s plans moved +23.5% in assets from 2022 to 2024; this filing shows Wells & Tate Electric Co., Inc. Profit Sharing Plan at $12M / 30 participants.

#6,724
in Construction (9,927 peers)
-11.5%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Wells & Tate Electric Co., Inc. Profit Sharing Plan's outsized position by total assets

Wells & Tate Electric Co., Inc. Profit Sharing Plan vs every filed plan by assets

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

$11,699,955 Top 32% higher than 68% 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 & Tate Electric Co., Inc. Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wells & Tate Electric Co., Inc. Profit Sharing Plan is a small filing (30 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 630646125 · Wells & Tate Electric Co., Inc. PY 2022 · Profit Sharing

Wells & Tate Electric Co., Inc. Profit Sharing Plan · $12M · 30 · 68th

  • VS-ST $12M
  • VS-ST 30
  • VS-ST 68th
  • VS-ST Profit Sharing
  • VS-ST near Parker Medical, Inc. Profit Sharing Plan
  • VS-ST ind #6724

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 Construction retirement plans → · Plans in Alabama →

Wells & Tate Electric Co., Inc. Profit Sharing Plan in the asset neighbourhood

Oates Knezevich Gardenswartz Kelly & Morrow PC Profit Sharing PlanOates Knezevich Gardenswartz…$12MWells & Tate Electric Co., Inc. Profit Sharing PlanWells & Tate Electric Co., I…$12MParker Medical, Inc. Profit Sharing PlanParker Medical, Inc. Profit …$12MHuron Area Center for Independence 403(b) PlanHuron Area Center for Indepe…$12MAspyr Media 401(k) Plan$12M
End-of-year total assets ($M) among Wells & Tate Electric Co., Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Wells & Tate Electric Co., Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Wells & Tate Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 23.47050052756613% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.7M $14.5M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 30 $12M
2023 1 28 $13M
2024 1 27 $14M

Wells & Tate Electric Co., Inc. filing trail (2022)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$12M
Net Income-$2M
Employer EIN630646125
Plan Effective Date1974-02-28
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Alabama

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000100020003000 10203040 Total assets ($M) Participants Wells & Tate Electric Co., Inc. Profit Sharing Plan, Total assets ($M): 11.699955 · Participants: 30Wells & Tate Electric Co., Inc. Profit Sharing PlanThe Health Care Authority for Baptist Health Matching Dollar Plan, Total assets ($M): 37.57775 · Participants: 2454The Health Care Authority for Baptist Health Matching Dollar PlanPathology Associates, P.C. Profit Sharing Plan and Trust, Total assets ($M): 27.274054 · Participants: 41Pathology Associates, P.C. Profit Sharing Plan and TrustRadiology Associates of Dothan, P.a. Profit Sharing Plan, Total assets ($M): 21.937645 · Participants: 14Radiology Associates of Dothan, P.a. Profit Sharing PlanAuto Investment, Inc. 401(k) Plan, Total assets ($M): 20.397344 · Participants: 362Auto Investment, Inc. 401(k) PlanAerie Aerospace 401(k) Profit Sharing Plan, Total assets ($M): 16.433569 · Participants: 246Aerie Aerospace 401(k) Profit Sharing Plan
Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants
Compare Wells & Tate Electric Co., Inc. Profit Sharing Plan side-by-side with 3 peers →

Wells & Tate Electric Co., Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Alabama, the nearest Profit Sharing by assets is Parker Medical, Inc. Profit Sharing Plan in CT ($12M); by covered participants it is Amp Electric Landscape Co Inc Profit Sharing Plan in CA (30 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (30 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 & Tate Electric Co., Inc. Profit Sharing Plan assets move in 2022? ▼
Wells & Tate Electric Co., Inc. Profit Sharing Plan pulled back noticeably - down 11.5% during 2022, from $13M to $12M. Reported net income was -$2M.
How have Wells & Tate Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wells & Tate Electric Co., Inc.'s sponsor-wide assets grew 23.5%, from $12M to $14M.
Which Profit Sharing plans are similar in size to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Parker Medical, Inc. Profit Sharing Plan in CT ($12M, 51 participants).
Which Profit Sharing plans cover a similar participant headcount to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Amp Electric Landscape Co Inc Profit Sharing Plan in CA (30 participants, $1M 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 630646125.

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.