Profit Sharing · DOL Form 5500 · 2023

Wells & Tate Electric Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
28
Participants Small participant base
64th
Percentile by assets National rank
$468,561
Avg per participant High balance/head
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Official DOL plan name: Wells & Tate Electric Co., Inc. Profit Sharing Plan · Sponsored by Wells & Tate Electric Co., Inc. · Alabama · Construction

$13M in assets, 28 participants

Wells & Tate Electric Co., Inc.'s Wells & Tate Electric Co., Inc. Profit Sharing Plan reported $13M in total assets and 28 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • #5,682 in Construction (9,030 peers)

Wells & Tate Electric Co., Inc. multi-year trail

Wells & Tate Electric Co., Inc.'s plans moved +23.5% in assets from 2022 to 2024; this filing shows Wells & Tate Electric Co., Inc. Profit Sharing Plan at $13M / 28 participants.

#5,682
in Construction (9,030 peers)
+12.1%
assets growth YoY

Wells & Tate Electric Co., Inc. Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Wells & Tate Electric Co., Inc. Profit Sharing Plan vs every filed plan by assets

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

$13,119,717 Top 36% higher than 64% 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 & Tate Electric Co., Inc. Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wells & Tate Electric Co., Inc. Profit Sharing Plan is a small filing (28 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wells & Tate Electric Co., Inc. Profit Sharing Plan reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Wells & Tate Electric Co., Inc. Profit Sharing Plan end-of-year assets rose from $12M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Wells & Tate Electric Co., Inc. Profit Sharing Plan reported participants fell from 30 in the plan year 2022 filing to 28 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 630646125 · Wells & Tate Electric Co., Inc. PY 2023 · Profit Sharing

Wells & Tate Electric Co., Inc. Profit Sharing Plan · $13M · 28 · 64th

  • IND $13M
  • IND 28
  • IND 64th
  • IND Profit Sharing
  • IND near Central Coast Vna & Hospice Inc and Affiliates 403(b) Plan
  • IND ind #5682

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 Construction retirement plans → · Plans in Alabama →

Wells & Tate Electric Co., Inc. Profit Sharing Plan in the asset neighbourhood

Central Coast Vna & Hospice Inc and Affiliates 403(b) PlanCentral Coast Vna & Hospice …$13MWells & Tate Electric Co., Inc. Profit Sharing PlanWells & Tate Electric Co., I…$13MThe Contractors Retirement PlanThe Contractors Retirement P…$13MPlan De Retiro 1081.01(D) Para Empleados De Goya De Puerto Rico, Inc.Plan De Retiro 1081.01(D) Pa…$13MKimelman & Baird, LLC Profit Sharing PlanKimelman & Baird, LLC Profit…$13M
End-of-year total assets ($M) among Wells & Tate Electric Co., Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Wells & Tate Electric Co., Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Wells & Tate Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 23.47050052756613% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.7M $14.5M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 30 $12M
2023 1 28 $13M
2024 1 27 $14M

Wells & Tate Electric Co., Inc. filing trail (2023)

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$13M
Net Income$1M
Employer EIN630646125
Plan Effective Date1974-02-28
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Alabama

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 1020304050 Total assets ($M) Participants Wells & Tate Electric Co., Inc. Profit Sharing Plan, Total assets ($M): 13.119717 · Participants: 28Wells & Tate Electric Co., Inc. Profit Sharing PlanThe Health Care Authority for Baptist Health Matching Dollar Plan, Total assets ($M): 44.503015 · Participants: 2207The Health Care Authority for Baptist Health Matching Dollar PlanPathology Associates, P.C. Profit Sharing Plan and Trust, Total assets ($M): 33.014269 · Participants: 42Pathology Associates, P.C. Profit Sharing Plan and TrustRadiology Associates of Dothan, P.a. Profit Sharing Plan, Total assets ($M): 27.308429 · Participants: 16Radiology Associates of Dothan, P.a. Profit Sharing PlanAuto Investment, Inc. 401(k) Plan, Total assets ($M): 23.866265 · Participants: 392Auto Investment, Inc. 401(k) PlanSouthlake Orthopaedics Sports Medicine & Spine Center Profit Sharing Plan, Total assets ($M): 15.424017 · Participants: 103Southlake Orthopaedics Sports Medicine & Spine Center Profit Sharing Plan
Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants
Compare Wells & Tate Electric Co., Inc. Profit Sharing Plan side-by-side with 3 peers →

Wells & Tate Electric Co., Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Alabama, the nearest Profit Sharing by assets is Central Coast Vna & Hospice Inc and Affiliates 403(b) Plan in CA ($13M); by covered participants it is A.G. Mauro Company of Florida Profit Sharing Plan in FL (28 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (28 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 & Tate Electric Co., Inc. Profit Sharing Plan assets move in 2023? ▼
Wells & Tate Electric Co., Inc. Profit Sharing Plan grew at a solid clip - up 12.1% during 2023, from $12M to $13M. Reported net income was $1M.
How have Wells & Tate Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wells & Tate Electric Co., Inc.'s sponsor-wide assets grew 23.5%, from $12M to $14M.
Which Profit Sharing plans are similar in size to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Central Coast Vna & Hospice Inc and Affiliates 403(b) Plan in CA ($13M, 200 participants).
Which Profit Sharing plans cover a similar participant headcount to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is A.G. Mauro Company of Florida Profit Sharing Plan in FL (28 participants, $2M 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 630646125.

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.