Defined Benefit (Pension) · DOL Form 5500 · 2023

Wec Energy Group, Inc. Pension Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
69
Participants Small participant base
85th
Percentile by assets National rank
$677,841
Avg per participant High balance/head
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Official DOL plan name: Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$47M in assets, 69 participants

Wec Energy Group, Inc.'s Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation reported $47M in total assets and 69 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #369 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation ranks #369 of 721 2023 filers by assets (1148% of the sector average)-$47M for 69 participants.

#369
in Utilities (721 peers)
+3.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation's outsized position by total assets

Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation vs every filed plan by assets

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

$46,771,000 Top 15% higher than 85% 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 Plan for Minnesota Energy Resources Corporation among smaller 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 Retirement Plan for Minnesota Energy Resources Corporation is a small filing (69 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation reported net income rose from -$13M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation reported participants fell from 78 in the plan year 2022 filing to 69 in the plan year 2023 filing.
  • Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation end-of-year assets rose from $45M in the plan year 2022 filing to $47M 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 · Defined Benefit (Pension)

Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation · $47M · 69 · 85th

  • RANK $47M
  • RANK 69
  • RANK 85th
  • RANK Defined Benefit (Pension)
  • RANK near Nus Corporation Employees' Pension Plan
  • RANK ind #369

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 Plan for Minnesota Energy Resources Corporation in the asset neighbourhood

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco SantanderFirstbank Puerto Rico Retire…$47MRetirement Plan for Employees of the Watson InstituteRetirement Plan for Employee…$47MWec Energy Group Retirement Plan for Minnesota Energy Resources CorporationWec Energy Group Retirement …$47MNus Corporation Employees' Pension PlanNus Corporation Employees' P…$47MU.F.C.W. District Union Local Two & Employers Pension FundU.F.C.W. District Union Loca…$47M
End-of-year total assets ($M) among Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$47M
Net Income$1M
Employer EIN391391525
Plan Effective Date2017-01-01
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 Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation, Total assets ($B): 0.046771 · Participants: 69Wec Energy Group Retirement Plan for Minnesota Energy Resources CorporationThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation side-by-side with 3 peers →

Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Nus Corporation Employees' Pension Plan in TX ($47M); by covered participants it is Employees' Pension Plan of Coca-Cola Bottling Company, Kokomo, Indiana, Inc. in IN (69 participants). Same-state nearby plans are listed separately above.

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 Plan for Minnesota Energy Resources Corporation assets move in 2023? ▼
Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation edged up modestly - up 3.1% during 2023, from $45M to $47M. Reported net income was $1M.
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 Plan for Minnesota Energy Resources Corporation rank by assets among Form 5500 filers? ▼
Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Nus Corporation Employees' Pension Plan in TX ($47M, 7 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Pension Plan of Coca-Cola Bottling Company, Kokomo, Indiana, Inc. in IN (69 participants, $7M 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.