401(k) · DOL Form 5500 · 2023
Wec Energy Group, Inc. 401(k) Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 3,386
- Participants
- 99th
- Percentile by assets
- $456,028
- Avg per participant
Official DOL plan name: Wec Energy Group Retirement Savings Plan · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities
$1.5B in assets, 3,386 participants
Wec Energy Group, Inc.'s Wec Energy Group Retirement Savings Plan reported $1.5B in total assets and 3,386 participants in its 2023 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 126,618 plans)
- #662 in Utilities (719 peers)
Coverage in Wisconsin
Wec Energy Group Retirement Savings Plan covers 3,386 participants in Wisconsin, 6.0x the typical Wisconsin plan (state average ~565 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2023 EOY)
- 3,386
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $456,028
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Wec Energy Group Retirement Savings Plan reported net income rose from -$345M in the plan year 2022 filing to $93M in the plan year 2023 filing.
- Wec Energy Group Retirement Savings Plan end-of-year assets rose from $1.5B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
- Wec Energy Group Retirement Savings Plan reported participants fell from 3,550 in the plan year 2022 filing to 3,386 in the plan year 2023 filing.
Participants vs Wisconsin filers
In Wisconsin, the average filing covers about 565 participants across 2,767 plans. Wec Energy Group Retirement Savings Plan reports 3,386 participants - 6.0x that state average ($1.5B EOY assets).
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $93M |
| Employer EIN | 391391525 |
| Plan Effective Date | 2016-09-14 |
| 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 Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
- Advocate Aurora Health 401(k) Plan $9.1B · 76,956
- Johnson Controls Retirement Savings and Investment Plan $6.2B · 28,904
- Fiserv 401(k) Savings Plan $4.8B · 25,280
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $4.6B · 11,236
- Rockwell Automation Retirement Savings Plan $3.6B · 8,877
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Wec Energy Group Retirement Savings Plan by total assets, not by location.
- Southern Glazer's 401(k) Plan (FL) $1.5B · 17,430
- Sun Advantage Savings and Investment Plan (MA) $1.5B · 3,900
- Reliance, Inc. Master 401(k) Plan (AZ) $1.5B · 10,729
- Advanced Drainage Systems, Inc. Retirement and Stock Ownership Plan (OH) $1.5B · 5,000
Frequently Asked Questions
How did Wec Energy Group Retirement Savings Plan assets move in 2023? ▼
How have Wec Energy Group, Inc. plan assets changed over time? ▼
Where does Wec Energy Group Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Wec Energy Group Retirement Savings Plan
Filing takeaways
Ways to act on Wec Energy Group Retirement Savings Plan's numbers.
- By total assets, Wec Energy Group 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