401(k) · DOL Form 5500 · 2023

The Wells Companies 401(k) Plan

Data updated 2026-08-11

$83M
Total assets
1,070
Participants
90th
Percentile by assets
$77,926
Avg per participant
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Official DOL plan name: Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan · Sponsored by The Wells Companies · Minnesota · Manufacturing

$83M in assets, 1,070 participants

The Wells Companies's Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan reported $83M in total assets and 1,070 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 127,072 plans)
  • #15,931 in Manufacturing (18,722 peers)

Where Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits by assets

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits in the top 10% of all filed plans by assets, $83M for 1,070 participants (~$77,926/participant), up 16.1% in 2023.

$83M
total plan assets (2023 EOY)
1,070
covered participants
90th
percentile by assets (of 127,072 plans)
$77,926
avg assets per participant

Where Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan sits by total assets

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs every filed plan by assets

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

$83,380,597 Top 10% higher than 90% 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

  • Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan reported net income rose from -$16M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan reported participants rose from 752 in the plan year 2022 filing to 1,070 in the plan year 2023 filing.
  • Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan end-of-year assets rose from $72M in the plan year 2022 filing to $83M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Minnesota
Industry
Manufacturing

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs the 2023 asset distribution

By assets, Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$83M
Net Income$12M
Employer EIN272789430
Plan Effective Date1967-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Wells Companies)

$60M$80M$100M$120M 202220232024 $71.8M $108M ▲ +50.4%
Total plan assets by year, all The Wells Companies plans on file
Year Plans Participants Total Assets
2022 1 752 $72M
2023 1 1,070 $83M
2024 1 1,006 $108M

Nearby 401(k) Plans in Minnesota

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

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Wells Concrete Produ…, Total assets ($B): 0.083380597 · Participants: 1070Wells Concrete Produ…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…
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Wells Concrete Products Company Profit S… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan assets move in 2023? ▼
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan grew sharply - up 16.1% during 2023, from $72M to $83M. Reported net income was $12M.
How have The Wells Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Wells Companies's sponsor-wide assets grew 50.4%, from $72M to $108M.
Where does Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan rank by assets among Form 5500 filers? ▼
Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan ranks in the 90th 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 Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is L.B. Foster Company 401(k) and Profit Sharing Plan in PA ($83M, 804 participants).

Next read for Wells Concrete Products Company Profit S…

Scale reading

Ways to act on Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan's numbers.

  • By total assets, Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
  • The Wells Companies's sponsor-wide assets have grown 50.4% since 2022 across 3 plan years on file. More Manufacturing plans

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 272789430.

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.