Profit Sharing · DOL Form 5500 · 2023
Wells & Tate Electric Co., Inc. Profit Sharing Plan
Data updated 2026-08-11
- $13M
- Total assets
- 28
- Participants
- 64th
- Percentile by assets
- $468,561
- Avg per participant
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.
- 64th percentile by assets (of 127,072 plans)
- #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.
- $13M
- total plan assets (2023 EOY)
- 28
- covered participants
- 64th
- percentile by assets (of 127,072 plans)
- $468,561
- avg assets per participant
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.
Wells & Tate Electric Co., Inc. across 3 plan years on file
Across the 3 plan years Wells & Tate Electric Co., Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $14M, a gain of 23.5%, while reported participants moved from 30 to 27 (-10.0%). Peak year by sponsor assets: 2024 ($14M); trough: 2022 ($12M).
Wells & Tate Electric Co., Inc. multi-year asset trail
| 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 EIN | 630646125 |
| Plan Effective Date | 1974-02-28 |
| Filing Status | FILING 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
- The Health Care Authority for Baptist Health Matching Dollar Plan $45M · 2,207
- Pathology Associates, P.C. Profit Sharing Plan and Trust $33M · 42
- Radiology Associates of Dothan, P.a. Profit Sharing Plan $27M · 16
- Auto Investment, Inc. 401(k) Plan $24M · 392
- Southlake Orthopaedics Sports Medicine & Spine Center Profit Sharing Plan $15M · 103
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Wells & Tate Electric Co., Inc. Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
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Multi-year trail
Ways to act on Wells & Tate Electric Co., Inc. Profit Sharing Plan's numbers.
- By total assets, Wells & Tate Electric Co., Inc. Profit Sharing Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Alabama. Compare plans
- Wells & Tate Electric Co., Inc.'s sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Construction plans