Defined Benefit (Pension) · DOL Form 5500 · 2023
Wec Energy Group, Inc. Pension Plan
Data updated 2026-08-11
- $191M
- Total assets
- 358
- Participants
- 95th
- Percentile by assets
- $534,218
- Avg per participant
Official DOL plan name: Wec Energy Group Retirement Plan for Wec Business Services · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities
$191M in assets, 358 participants
Wec Energy Group, Inc.'s Wec Energy Group Retirement Plan for Wec Business Services reported $191M in total assets and 358 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 127,072 plans)
- #510 in Utilities (721 peers)
Utilities sector rank
Within Utilities, Wec Energy Group Retirement Plan for Wec Business Services ranks #510 of 721 2023 filers by assets (281% of the sector average)-$191M for 358 participants.
- $191M
- total plan assets (2023 EOY)
- 358
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $534,218
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Wec Energy Group Retirement Plan for Wec Business Services reported net income rose from -$61M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Wec Energy Group Retirement Plan for Wec Business Services reported participants fell from 412 in the plan year 2022 filing to 358 in the plan year 2023 filing.
- Wec Energy Group Retirement Plan for Wec Business Services end-of-year assets rose from $188M in the plan year 2022 filing to $191M in the plan year 2023 filing.
Rank #510 in Utilities
Among 721 Utilities plans that filed a Form 5500 for plan year 2023, Wec Energy Group Retirement Plan for Wec Business Services ranks #510 by end-of-year assets - about 281% of the sector average of $537M. Nationally it sits in the 95th percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $188M |
|---|---|
| Net Assets (End of Year) | $191M |
| Net Income | $3M |
| Employer EIN | 391391525 |
| Plan Effective Date | 2017-01-01 |
| 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 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 Wec Business Services vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
- The Northwestern Mutual Employee Retirement Plan $3.3B · 8,348
- Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.3B · 9,960
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan $2.1B · 7,368
- Harley-Davidson Retirement Plan $1.9B · 1,560
- Rockwell Automation Pension Plan $1.8B · 2,136
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Wec Energy Group Retirement Plan for Wec Business Services by total assets, not by location.
- Laborers Pension Trust Fund for Northern Nevada (NV) $191M · 1,184
- Local No 731 Excavators and Pavers Pension Trust Fund (IL) $191M · 414
- I.B.E.W. Local 769 Management Pension Plan a (AZ) $191M · 963
- Hunterdon Medical Center Employees' Pension Plan (NJ) $191M · 547
Frequently Asked Questions
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Filing takeaways
Ways to act on Wec Energy Group Retirement Plan for Wec Business Services's numbers.
- By total assets, Wec Energy Group Retirement Plan for Wec Business Services ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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