Defined Benefit (Pension) · DOL Form 5500 · 2023

Wec Energy Group, Inc. Pension Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
62
Participants Small participant base
87th
Percentile by assets National rank
$925,371
Avg per participant High balance/head
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Official DOL plan name: Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$57M in assets, 62 participants

Wec Energy Group, Inc.'s Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation reported $57M in total assets and 62 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #393 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation ranks #393 of 721 2023 filers by assets (936% of the sector average)-$57M for 62 participants.

#393
in Utilities (721 peers)
+3.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation's outsized position by total assets

Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation vs every filed plan by assets

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

$57,373,000 Top 13% higher than 87% 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 Michigan Gas Utilities 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 Michigan Gas Utilities Corporation is a small filing (62 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 Michigan Gas Utilities Corporation reported net income rose from -$16M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation reported participants fell from 74 in the plan year 2022 filing to 62 in the plan year 2023 filing.
  • Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation end-of-year assets rose from $55M in the plan year 2022 filing to $57M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 391391525 · Wec Energy Group, Inc. PY 2023 · Defined Benefit (Pension)

Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation · $57M · 62 · 87th

  • PART $57M
  • PART 62
  • PART 87th
  • PART Defined Benefit (Pension)
  • PART near The Tenacre Foundation Pension Plan
  • PART ind #393

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 Michigan Gas Utilities Corporation in the asset neighbourhood

The Tenacre Foundation Pension PlanThe Tenacre Foundation Pensi…$57MWec Energy Group Retirement Plan for Michigan Gas Utilities CorporationWec Energy Group Retirement …$57MMarion General Hospital Employees' Retirement PlanMarion General Hospital Empl…$57MEmployers - Ila N.C. Ports Pension PlanEmployers - Ila N.C. Ports P…$57MDaily News Retirement Plan$57M
End-of-year total assets ($M) among Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$57M
Net Income$2M
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 Michigan Gas Utilities Corporation vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation, Total assets ($B): 0.057373 · Participants: 62Wec Energy Group Retirement Plan for Michigan Gas Utilities 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 Michigan Gas Utilities Corporation vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation side-by-side with 3 peers →

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

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is The Tenacre Foundation Pension Plan in NJ ($57M); by covered participants it is Pension Plan B of the American College of Physicians, Inc. in PA (62 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($57M here).

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 Michigan Gas Utilities Corporation assets move in 2023? ▼
Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation edged up modestly - up 3.5% during 2023, from $55M to $57M. 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.
Where does Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation rank by assets among Form 5500 filers? ▼
Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation ranks in the 87th 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 Michigan Gas Utilities Corporation? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Tenacre Foundation Pension Plan in NJ ($57M, 153 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan B of the American College of Physicians, Inc. in PA (62 participants, $55M 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.