401(k) · DOL Form 5500 · 2023

Wec Energy Group, Inc. 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
3,386
Participants Above avg headcount
99th
Percentile by assets National rank
$456,028
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #664 in Utilities (721 peers)

Coverage in Wisconsin

Wec Energy Group Retirement Savings Plan covers 3,386 participants in Wisconsin, 6.0x the typical Wisconsin plan (state average ~563 per filing). Assets: $1.5B.

#664
in Utilities (721 peers)
+6.4%
assets growth YoY
15×
vs typical plan assets (national mean)

Wec Energy Group Retirement Savings Plan's outsized position by total assets

Wec Energy Group Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,544,110,000 Top 1% higher than 99% of 127,068 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 2023

Wec Energy Group Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wec Energy Group Retirement Savings Plan lands in the large band (3,386 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 391391525 · Wec Energy Group, Inc. PY 2023 · 401(k)

Wec Energy Group Retirement Savings Plan · $1.5B · 3,386 · 99th

  • PHOTO $1.5B
  • IND 3,386
  • EOY 99th
  • 5500 401(k)
  • ASSETS near Southern Glazer's 401(k) Plan
  • PCT ind #664

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 Savings Plan in the asset neighbourhood

Advanced Drainage Systems, Inc. Retirement and Stock Ownership PlanAdvanced Drainage Systems, I…$1.5BWec Energy Group Retirement Savings PlanWec Energy Group Retirement …$1.5BSouthern Glazer's 401(k) Plan$1.5BSun Advantage Savings and Investment PlanSun Advantage Savings and In…$1.5BReliance, Inc. Master 401(k) PlanReliance, Inc. Master 401(k)…$1.5B
End-of-year total assets ($B) among Wec Energy Group Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.5B
Net Income$93M
Employer EIN391391525
Plan Effective Date2016-09-14
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 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 Scatter plot of 6 data points. -20000020000400006000080000100000 0246810 Total assets ($B) Participants Wec Energy Group Retirement Savings Plan, Total assets ($B): 1.54411 · Participants: 3386Wec Energy Group Retirement Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Wec Energy Group Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Retirement Savings Plan side-by-side with 3 peers →

Wec Energy Group Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Southern Glazer's 401(k) Plan in FL ($1.5B); by covered participants it is The Lamar Savings and Profit Sharing Plan in LA (3,386 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,386 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wec Energy Group Retirement Savings Plan assets move in 2023? ▼
Wec Energy Group Retirement Savings Plan grew at a solid clip - up 6.4% during 2023, from $1.5B to $1.5B. Reported net income was $93M.
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 Savings Plan rank by assets among Form 5500 filers? ▼
Wec Energy Group Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Wec Energy Group Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Southern Glazer's 401(k) Plan in FL ($1.5B, 17,430 participants).
Which 401(k) plans cover a similar participant headcount to Wec Energy Group Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Lamar Savings and Profit Sharing Plan in LA (3,386 participants, $461M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.