401(k) · DOL Form 5500 · 2023

Wealth Enhancement Group, LLC 401(k) Plan

Data updated 2026-08-11

$147M
Total assets
1,096
Participants
93rd
Percentile by assets
$134,295
Avg per participant
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Official DOL plan name: Wealth Enhancement Group 401(k) Plan · Sponsored by Wealth Enhancement Group, LLC · Minnesota · Finance & Insurance

$147M in assets, 1,096 participants

Wealth Enhancement Group, LLC's Wealth Enhancement Group 401(k) Plan reported $147M in total assets and 1,096 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • 93rd percentile by assets (of 127,072 plans)
  • #7,959 in Finance & Insurance (8,869 peers)

Where Wealth Enhancement Group 401(k) Plan sits by assets

Wealth Enhancement Group 401(k) Plan sits in the top 10% of all filed plans by assets, $147M for 1,096 participants (~$134,295/participant), up 44.7% in 2023.

$147M
total plan assets (2023 EOY)
1,096
covered participants
93rd
percentile by assets (of 127,072 plans)
$134,295
avg assets per participant

Where Wealth Enhancement Group 401(k) Plan sits by total assets

Wealth Enhancement Group 401(k) Plan vs every filed plan by assets

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

$147,187,104 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wealth Enhancement Group 401(k) Plan reported net income rose from $22M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Wealth Enhancement Group 401(k) Plan end-of-year assets rose from $102M in the plan year 2022 filing to $147M in the plan year 2023 filing.
  • Wealth Enhancement Group 401(k) Plan reported participants rose from 853 in the plan year 2022 filing to 1,096 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Finance & Insurance

Wealth Enhancement Group 401(k) Plan vs the 2023 asset distribution

By assets, Wealth Enhancement Group 401(k) Plan outranks 93% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$102M
Net Assets (End of Year)$147M
Net Income$45M
Employer EIN753100788
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wealth Enhancement Group, LLC)

$50M$100M$150M$200M$250M 202220232024 $102M $199M ▲ +95.2%
Total plan assets by year, all Wealth Enhancement Group, LLC plans on file
Year Plans Participants Total Assets
2022 1 853 $102M
2023 1 1,096 $147M
2024 1 1,277 $199M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Wealth Enhancement Group 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Wealth Enhancement G…, Total assets ($B): 0.147187104 · Participants: 1096Wealth Enhancement G…Unitedhealth Group 4…, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 4…Target Corporation 4…, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 4…Medtronic Savings an…, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings an…3M Voluntary Investm…, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Sav…
Wealth Enhancement Group 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Wealth Enhancement Group 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Wealth Enhancement Group 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Wealth Enhancement Group 401(k) Plan assets move in 2023? ▼
Wealth Enhancement Group 401(k) Plan surged - up 44.7% during 2023, from $102M to $147M. Reported net income was $45M.
How have Wealth Enhancement Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wealth Enhancement Group, LLC's sponsor-wide assets grew 95.2%, from $102M to $199M.
Where does Wealth Enhancement Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Wealth Enhancement Group 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Wealth Enhancement Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Shutts & Bowen LLP 401(k) Profit Sharing Plan (a) in FL ($147M, 290 participants).

Next read for Wealth Enhancement Group 401(k) Plan

Scale reading

Ways to act on Wealth Enhancement Group 401(k) Plan's numbers.

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 753100788.

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.