Profit Sharing · DOL Form 5500 · 2022
Wells & Tate Electric Co., Inc. Profit Sharing Plan
Data updated 2026-08-11
- $12M
- Total assets
- 30
- Participants
- 68th
- Percentile by assets
- $389,999
- Avg per participant
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.
- 68th percentile by assets (of 139,126 plans)
- #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.
- $12M
- total plan assets (2022 EOY)
- 30
- covered participants
- 68th
- percentile by assets (of 139,126 plans)
- $389,999
- avg assets per participant
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. across 3 plan years on file
Across the 3 plan years Wells & Tate Electric Co., Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $14M, a gain of 23.5%, while reported participants moved from 30 to 27 (-10.0%). Peak year by sponsor assets: 2024 ($14M); trough: 2022 ($12M).
Wells & Tate Electric Co., Inc. multi-year asset trail
| 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 EIN | 630646125 |
| Plan Effective Date | 1974-02-28 |
| Filing Status | FILING 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
- The Health Care Authority for Baptist Health Matching Dollar Plan $38M · 2,454
- Pathology Associates, P.C. Profit Sharing Plan and Trust $27M · 41
- Radiology Associates of Dothan, P.a. Profit Sharing Plan $22M · 14
- Auto Investment, Inc. 401(k) Plan $20M · 362
- Aerie Aerospace 401(k) Profit Sharing Plan $16M · 246
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Wells & Tate Electric Co., Inc. Profit Sharing Plan by total assets, not by location.
- Parker Medical, Inc. Profit Sharing Plan (CT) $12M · 51
- Huron Area Center for Independence 403(b) Plan (SD) $12M · 215
- Aspyr Media 401(k) Plan (TX) $12M · 143
- Oates Knezevich Gardenswartz Kelly & Morrow PC Profit Sharing Plan (CO) $12M · 12
Frequently Asked Questions
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Multi-year trail
Ways to act on Wells & Tate Electric Co., Inc. Profit Sharing Plan's numbers.
- By total assets, Wells & Tate Electric Co., Inc. Profit Sharing Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Alabama. Compare plans
- Wells & Tate Electric Co., Inc.'s sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Construction plans