401(k) · DOL Form 5500 · 2023

Wec Energy Group, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
210
Participants Below avg headcount
52nd
Percentile by assets National rank
$35,586
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wec Energy Group Limited Retirement Savings Plan · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$7M in assets, 210 participants

Wec Energy Group, Inc.'s Wec Energy Group Limited Retirement Savings Plan reported $7M in total assets and 210 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #146 in Utilities (721 peers)

Coverage in Wisconsin

Wec Energy Group Limited Retirement Savings Plan covers 210 participants in Wisconsin, about 37% of the average Wisconsin filer (state average ~563 per filing). Assets: $7M.

#146
in Utilities (721 peers)
+25.6%
assets growth YoY

Wec Energy Group Limited Retirement Savings Plan's mid-pack asset rank among Utilities and all filers

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

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

$7,473,000 Top 48% higher than 52% 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 Limited Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wec Energy Group Limited Retirement Savings Plan sits mid-pack in the medium band (210 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wec Energy Group Limited Retirement Savings Plan reported net income rose from -$336K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Wec Energy Group Limited Retirement Savings Plan end-of-year assets rose from $6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Wec Energy Group Limited Retirement Savings Plan reported participants rose from 171 in the plan year 2022 filing to 210 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 Limited Retirement Savings Plan · $7M · 210 · 52nd

  • RANK $7M
  • PHOTO 210
  • IND 52nd
  • EOY 401(k)
  • 5500 near Direct Mail Processors, Inc. 401(k) Profit Sharing Plan
  • ASSETS ind #146

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 Limited Retirement Savings Plan in the asset neighbourhood

Wec Energy Group Limited Retirement Savings PlanWec Energy Group Limited Ret…$7MDirect Mail Processors, Inc. 401(k) Profit Sharing PlanDirect Mail Processors, Inc.…$7MSutton Frost Cary Retirement PlanSutton Frost Cary Retirement…$7MSalepoint, Inc. 401(k) Plan$7MBoomerang 401(k) Plan$7M
End-of-year total assets ($M) among Wec Energy Group Limited Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$7M
Net Income$2M
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 Limited Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510 Total assets ($B) Participants Wec Energy Group Limited Retirement Savings Plan, Total assets ($B): 0.007473 · Participants: 210Wec Energy Group Limited 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 Limited Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants

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

Outside Wisconsin, the nearest 401(k) by assets is Direct Mail Processors, Inc. 401(k) Profit Sharing Plan in MD ($7M); by covered participants it is B.E.a.T., LLC 401(k) Plan in TX (210 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (210 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 Limited Retirement Savings Plan assets move in 2023?
Wec Energy Group Limited Retirement Savings Plan grew sharply - up 25.6% during 2023, from $6M to $7M. Reported net income was $2M.
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.
Which 401(k) plans are similar in size to Wec Energy Group Limited Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Direct Mail Processors, Inc. 401(k) Profit Sharing Plan in MD ($7M, 374 participants).
Which 401(k) plans cover a similar participant headcount to Wec Energy Group Limited Retirement Savings Plan?
Among 401(k) plans in other states, the closest by covered participants is B.E.a.T., LLC 401(k) Plan in TX (210 participants, $8M in assets).