401(k) · DOL Form 5500 · 2024

Wec Energy Group, Inc. 401(k) Plan

Data updated 2026-08-06

$2.0B
Total assets: 3,645
Participants: 99th
Percentile by assets: $542,630
Avg per participant

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.

99th percentile by assets (of 116,472 plans)
#655 in Utilities (707 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 ~565 per filing). Assets: $2.0B.

$2.0B
total plan assets (2024 EOY): 3,645
covered participants: 99th
percentile by assets (of 116,472 plans): $542,630
avg assets per participant

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 →

State

Wisconsin

Industry

Utilities

Participants vs Wisconsin filers

In Wisconsin, the average filing covers about 565 participants across 2,767 plans. Wec Energy Group Employee Retirement Savings Plan reports 3,645 participants - 6.5x that state average ($2.0B EOY assets).

Wisconsin filing particulars

Total Assets (Beginning of Year)	$1.8B
Net Assets (End of Year)	$2.0B
Net Income	$158M
Employer EIN	391391525
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Wec Energy Group, Inc.)

Total plan assets by year, all Wec Energy Group, Inc. plans on file

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

Advocate Aurora Health 401(k) Plan $10.5B · 80,015
Johnson Controls Retirement Savings and Investment Plan $7.2B · 28,489
Fiserv 401(k) Savings Plan $5.1B · 26,372
Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $5.0B · 11,661
Rockwell Automation Retirement Savings Plan $3.8B · 9,217

Compare Wec Energy Group Employee Retirement Sav… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Wec Energy Group Employee Retirement Savings Plan by total assets, not by location.

Ukg Retirement Savings Plan (FL) $2.0B · 10,871
The Williams Investment Plus Plan (OK) $2.0B · 5,204
Comerica Incorporated Preferred Savings Plan (TX) $2.0B · 7,789
Holland and Knight Profit Sharing Plan & Trust (FL) $2.0B · 3,700

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 116,472 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).

Next read for Wec Energy Group Employee Retirement Sav…

Filing takeaways

Ways to act on Wec Energy Group Employee Retirement Savings Plan's numbers.

By total assets, Wec Energy Group Employee Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Wisconsin. Compare plans
Wec Energy Group, Inc.'s sponsor-wide assets have grown 8.8% since 2022 across 3 plan years on file. More Utilities plans

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.