401(k) · DOL Form 5500 · 2024

Wec Energy Group, Inc. 401(k) Plan

Data updated 2026-08-25

$2.0B
Total assets Very large vs avg
3,645
Participants Above avg headcount
99th
Percentile by assets National rank
$542,630
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Wec Energy Group Employee Retirement Savings Plan · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities

$2.0B in assets, 3,645 participants

Wec Energy Group, Inc.'s Wec Energy Group Employee Retirement Savings Plan reported $2.0B in total assets and 3,645 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #680 in Utilities (732 peers)

Coverage in Wisconsin

Wec Energy Group Employee Retirement Savings Plan covers 3,645 participants in Wisconsin, 6.5x the typical Wisconsin plan (state average ~563 per filing). Assets: $2.0B.

#680
in Utilities (732 peers)
+8.7%
assets growth YoY
20×
vs typical plan assets (national mean)

Wec Energy Group Employee Retirement Savings Plan's outsized position by total assets

Wec Energy Group Employee Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,977,887,000 Top 1% higher than 99% of 123,620 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 2024

Wec Energy Group Employee Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wec Energy Group Employee Retirement Savings Plan lands in the large band (3,645 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Wec Energy Group Employee Retirement Savings Plan reported net income rose from $126M in the plan year 2023 filing to $158M in the plan year 2024 filing.
  • Wec Energy Group Employee Retirement Savings Plan end-of-year assets rose from $1.8B in the plan year 2023 filing to $2.0B in the plan year 2024 filing.
  • Wec Energy Group Employee Retirement Savings Plan reported participants rose from 3,558 in the plan year 2023 filing to 3,645 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 391391525 · Wec Energy Group, Inc. PY 2024 · 401(k)

Wec Energy Group Employee Retirement Savings Plan · $2.0B · 3,645 · 99th

  • IND $2.0B
  • EOY 3,645
  • 5500 99th
  • ASSETS 401(k)
  • PCT near Ukg Retirement Savings Plan
  • EIN ind #680

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 Utilities retirement plans → · Plans in Wisconsin →

Wec Energy Group Employee Retirement Savings Plan in the asset neighbourhood

Wec Energy Group Employee Retirement Savings PlanWec Energy Group Employee Re…$2.0BUkg Retirement Savings Plan$2.0BThe Williams Investment Plus PlanThe Williams Investment Plus…$2.0BHolland and Knight Profit Sharing Plan & TrustHolland and Knight Profit Sh…$2.0BComerica Incorporated Preferred Savings PlanComerica Incorporated Prefer…$2.0B
End-of-year total assets ($B) among Wec Energy Group Employee Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Wisconsin filing particulars

Total Assets (Beginning of Year)$1.8B
Net Assets (End of Year)$2.0B
Net Income$158M
Employer EIN391391525
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wec Energy Group, Inc.)

Sponsor-wide plan assets over time

All Wec Energy Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6.4B 8.758255265520711% vs 2022
2024 filing year
$5.8B$6B$6.2B$6.4B$6.6B 202220232024 $5.92B $6.43B ▲ +8.6%
Year Plans Participants Total Assets
2022 11 11,543 $5.9B
2023 11 11,075 $6.2B
2024 11 10,813 $6.4B

Nearby 401(k) Plans in Wisconsin

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

Wec Energy Group Employee Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 024681012 Total assets ($B) Participants Wec Energy Group Employee Retirement Savings Plan, Total assets ($B): 1.977887 · Participants: 3645Wec Energy Group Employee Retirement Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 10.487791739 · Participants: 80015Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 7.188548319 · Participants: 28489Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 5.136404794 · Participants: 26372Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.988151 · Participants: 11661Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.765132976 · Participants: 9217Rockwell Automation Retirement Savings Plan
Wec Energy Group Employee Retirement Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Wec Energy Group Employee Retirement Savings Plan side-by-side with 3 peers →

Wec Energy Group Employee Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Ukg Retirement Savings Plan in FL ($2.0B); by covered participants it is Ahc 401(k) Profit Sharing Plan in TN (3,645 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,645 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wec Energy Group Employee Retirement Savings Plan assets move in 2024? ▼
Wec Energy Group Employee Retirement Savings Plan grew at a solid clip - up 8.7% during 2024, from $1.8B to $2.0B. Reported net income was $158M.
How have Wec Energy Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wec Energy Group, Inc.'s sponsor-wide assets grew 8.8%, from $5.9B to $6.4B.
Where does Wec Energy Group Employee Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Wec Energy Group Employee Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Wec Energy Group Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ukg Retirement Savings Plan in FL ($2.0B, 10,871 participants).
Which 401(k) plans cover a similar participant headcount to Wec Energy Group Employee Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ahc 401(k) Profit Sharing Plan in TN (3,645 participants, $55M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 391391525.

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.