401(k) · DOL Form 5500 · 2023

Weg Electric Corp. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
275
Participants Below avg headcount
43rd
Percentile by assets National rank
$17,122
Avg per participant Low balance/head
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Official DOL plan name: Weg Electric Corp. Retirement Readiness 401(k) Plan · Sponsored by Weg Electric Corp. · Indiana · Manufacturing

$5M in assets, 275 participants

Weg Electric Corp.'s Weg Electric Corp. Retirement Readiness 401(k) Plan reported $5M in total assets and 275 participants in its 2023 DOL Form 5500 filing, ranking in the 43rd 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.

  • #4,943 in Manufacturing (18,722 peers)

Weg Electric Corp. multi-year trail

Weg Electric Corp.'s plans moved +83.1% in assets from 2022 to 2024; this filing shows Weg Electric Corp. Retirement Readiness 401(k) Plan at $5M / 275 participants.

#4,943
in Manufacturing (18,722 peers)
+9.8%
assets growth YoY

Weg Electric Corp. Retirement Readiness 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Weg Electric Corp. Retirement Readiness 401(k) Plan vs every filed plan by assets

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

$4,708,449 43rd percentile higher than 43% 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

Weg Electric Corp. Retirement Readiness 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Weg Electric Corp. Retirement Readiness 401(k) Plan sits mid-pack in the medium band (275 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Weg Electric Corp. Retirement Readiness 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $421K in the plan year 2023 filing.
  • Weg Electric Corp. Retirement Readiness 401(k) Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Weg Electric Corp. Retirement Readiness 401(k) Plan reported participants rose from 270 in the plan year 2022 filing to 275 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 650280210 · Weg Electric Corp. PY 2023 · 401(k)

Weg Electric Corp. Retirement Readiness 401(k) Plan · $5M · 275 · 43rd

  • PART $5M
  • PART 275
  • PART 43rd
  • PART 401(k)
  • PART near Tinco Sheet Metal 401(k) Plan
  • PART ind #4943

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 Manufacturing retirement plans → · Plans in Indiana →

Weg Electric Corp. Retirement Readiness 401(k) Plan in the asset neighbourhood

Weg Electric Corp. Retirement Readiness 401(k) PlanWeg Electric Corp. Retiremen…$5MTinco Sheet Metal 401(k) Plan$5MMulti-Pure 401(k) Employee Retirement PlanMulti-Pure 401(k) Employee R…$5MTotal Quality Maintenance, Inc. Profit Sharing PlanTotal Quality Maintenance, I…$5MOregonians Credit Union Retirement PlanOregonians Credit Union Reti…$5M
End-of-year total assets ($M) among Weg Electric Corp. Retirement Readiness 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Weg Electric Corp. multi-year asset trail

Sponsor-wide plan assets over time

All Weg Electric Corp. plans reported in each filing year

Latest sponsor-wide plan assets
$115M 83.1037078403425% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $62.6M $115M ▲ +83.1%
Year Plans Participants Total Assets
2022 2 993 $63M
2023 2 1,069 $74M
2024 2 1,447 $115M

Weg Electric Corp. filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$421K
Employer EIN650280210
Plan Effective Date2006-12-11
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

Weg Electric Corp. Retirement Readiness 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Weg Electric Corp. Retirement Readiness 401(k) Plan, Total assets ($B): 0.004708449 · Participants: 275Weg Electric Corp. Retirement Readiness 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Weg Electric Corp. Retirement Readiness 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Weg Electric Corp. Retirement Readiness 401(k) Plan side-by-side with 3 peers →

Weg Electric Corp. Retirement Readiness 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Tinco Sheet Metal 401(k) Plan in CA ($5M); by covered participants it is Centrus Savings Program in MD (275 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (275 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 Weg Electric Corp. Retirement Readiness 401(k) Plan assets move in 2023? ▼
Weg Electric Corp. Retirement Readiness 401(k) Plan grew at a solid clip - up 9.8% during 2023, from $4M to $5M. Reported net income was $421K.
How have Weg Electric Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Weg Electric Corp.'s sponsor-wide assets grew 83.1%, from $63M to $115M.
Which 401(k) plans are similar in size to Weg Electric Corp. Retirement Readiness 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tinco Sheet Metal 401(k) Plan in CA ($5M, 209 participants).
Which 401(k) plans cover a similar participant headcount to Weg Electric Corp. Retirement Readiness 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Centrus Savings Program in MD (275 participants, $198M 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 650280210.

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.