401(k) · DOL Form 5500 · 2023

The Wells Companies 401(k) Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
1,070
Participants Near avg headcount
90th
Percentile by assets National rank
$77,926
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#15,931
in Manufacturing (18,722 peers)
+16.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan's outsized position 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 $2,050,000,000 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

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement 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. Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan lands in the large band (1,070 participants).

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 →

EBSA filing schedule strip

Filing strip 272789430 · The Wells Companies PY 2023 · 401(k)

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan · $83M · 1,070 · 90th

  • EOY $83M
  • EOY 1,070
  • EOY 90th
  • EOY 401(k)
  • EOY near L.B. Foster Company 401(k) and Profit Sharing Plan
  • EOY ind #15931

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 Minnesota →

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan in the asset neighbourhood

Packard Medical Group 401(k) Profit Sharing PlanPackard Medical Group 401(k)…$83MStrongwell Corporation 401(k) Profit-Sharing Plan and TrustStrongwell Corporation 401(k…$83ML.B. Foster Company 401(k) and Profit Sharing PlanL.B. Foster Company 401(k) a…$83MWells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement PlanWells Concrete Products Comp…$83MTriwest Healthcare Alliance Corp 401(k) PlanTriwest Healthcare Alliance …$83M
End-of-year total assets ($M) among Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All The Wells Companies plans reported in each filing year

Latest sponsor-wide plan assets
$108M 50.41233668289671% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $71.8M $108M ▲ +50.4%
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 ($B) Participants Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan, Total assets ($B): 0.083380597 · Participants: 1070Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
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 Sharing 401(k) and Laborers Union Supplemental Retirement Plan side-by-side with 3 peers →

Wells Concrete Products Company Profit Sharing 401(k) and Laborers Union Supplemental Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is L.B. Foster Company 401(k) and Profit Sharing Plan in PA ($83M); by covered participants it is Marshall Dennehey, P.C. Savings & Investment Plan in PA (1,070 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,070 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 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).
Which 401(k) plans cover a similar participant headcount 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 covered participants is Marshall Dennehey, P.C. Savings & Investment Plan in PA (1,070 participants, $241M 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 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.