401(k) · DOL Form 5500 · 2023

Wex Inc. 401(k) Plan

Data updated 2026-08-25

$435M
Total assets Above avg plan size
5,041
Participants Above avg headcount
97th
Percentile by assets National rank
$86,285
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wex Inc. Employee Savings Plan · Sponsored by Wex Inc. · Maine · Information & Media

$435M in assets, 5,041 participants

Wex Inc.'s Wex Inc. Employee Savings Plan reported $435M in total assets and 5,041 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #2,676 in Information & Media (2,818 peers)

Coverage in Maine

Wex Inc. Employee Savings Plan covers 5,041 participants in Maine, 11x the typical Maine plan (state average ~472 per filing). Assets: $435M.

#2,676
in Information & Media (2,818 peers)
+25.9%
assets growth YoY
4.4×
vs typical plan assets (national mean)

Wex Inc. Employee Savings Plan's outsized position by total assets

Wex Inc. Employee Savings Plan vs every filed plan by assets

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

$434,962,299 Top 3% higher than 97% 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

Wex Inc. Employee Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wex Inc. Employee Savings Plan lands in the large band (5,041 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wex Inc. Employee Savings Plan reported net income rose from -$43M in the plan year 2022 filing to $89M in the plan year 2023 filing.
  • Wex Inc. Employee Savings Plan end-of-year assets rose from $346M in the plan year 2022 filing to $435M in the plan year 2023 filing.
  • Wex Inc. Employee Savings Plan reported participants rose from 4,901 in the plan year 2022 filing to 5,041 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010526993 · Wex Inc. PY 2023 · 401(k)

Wex Inc. Employee Savings Plan · $435M · 5,041 · 97th

  • EBSA $435M
  • PART 5,041
  • TYPE 97th
  • NET 401(k)
  • BOOK near Ulta Salon Cosmetics & Fragrance 401(k) Retirement Plan
  • VS-ST ind #2676

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 Information & Media retirement plans → · Plans in Maine →

Wex Inc. Employee Savings Plan in the asset neighbourhood

Tufts Medical Center Physicians Organization, Inc. 401(a) Retirement PlanTufts Medical Center Physici…$435MValaris Savings Plan$435MUlta Salon Cosmetics & Fragrance 401(k) Retirement PlanUlta Salon Cosmetics & Fragr…$435MWex Inc. Employee Savings PlanWex Inc. Employee Savings Pl…$435MAkima, LLC 401(k) Plan$435M
End-of-year total assets ($M) among Wex Inc. Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$346M
Net Assets (End of Year)$435M
Net Income$89M
Employer EIN010526993
Plan Effective Date2005-02-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Wex Inc.)

Sponsor-wide plan assets over time

All Wex Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$522M 50.9883399498496% vs 2022
2024 filing year
$300M$400M$500M$600M 202220232024 $346M $522M ▲ +51.0%
Year Plans Participants Total Assets
2022 1 4,901 $346M
2023 1 5,041 $435M
2024 1 5,608 $522M

Nearby 401(k) Plans in Maine

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

Wex Inc. Employee Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 0123456 Total assets ($B) Participants Wex Inc. Employee Savings Plan, Total assets ($B): 0.434962299 · Participants: 5041Wex Inc. Employee Savings PlanTd 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Wex Inc. Employee Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Wex Inc. Employee Savings Plan side-by-side with 3 peers →

Scale composition for Wex Inc. Employee Savings Plan

Wex Inc. Employee Savings Plan reports $435M in end-of-year assets across 5,041 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $86,285 per participant (62% of the national average assets-per-participant) . Net income for plan year 2023 was $89M.

This plan identity (EIN 010526993, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $346M to $522M (+51.0%) while covered participants moved from 4,901 to 5,608 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 4,901 $346M Open filing
2023 5,041 $435M This page
2024 · index core 5,608 $522M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Wex Inc. Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Ulta Salon Cosmetics & Fragrance 401(k) Retirement Plan in IL ($435M); by covered participants it is The Williams Investment Plus Plan in OK (5,041 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($435M here).

Similar participant headcount

Nearest other-state filings by covered participants (5,041 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 Wex Inc. Employee Savings Plan assets move in 2023? ▼
Wex Inc. Employee Savings Plan grew sharply - up 25.9% during 2023, from $346M to $435M. Reported net income was $89M.
How have Wex Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wex Inc.'s sponsor-wide assets grew 51.0%, from $346M to $522M.
Where does Wex Inc. Employee Savings Plan rank by assets among Form 5500 filers? ▼
Wex Inc. Employee Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Wex Inc. Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ulta Salon Cosmetics & Fragrance 401(k) Retirement Plan in IL ($435M, 58,144 participants).
Which 401(k) plans cover a similar participant headcount to Wex Inc. Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Williams Investment Plus Plan in OK (5,041 participants, $1.7B 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 010526993.

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.