Defined Benefit (Pension) · DOL Form 5500 · 2024

Wec Energy Group, Inc. Pension Plan

Data updated 2026-07-24

$1.3B
Total assets: 2,252
Participants: 99th
Percentile by assets: $566,496
Avg per participant

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

$1.3B in assets, 2,252 participants

Wec Energy Group, Inc.'s Wec Energy Group Retirement Account Plan reported $1.3B in total assets and 2,252 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)

Coverage in Wisconsin

Wec Energy Group Retirement Account Plan covers 2,252 participants in Wisconsin, 4.0x the typical Wisconsin plan (state average ~565 per filing). Assets: $1.3B.

$1.3B
total plan assets (2024 EOY): 2,252
covered participants: 99th
percentile by assets (of 116,472 plans): $566,496
avg assets per participant

The plan reported a net loss of $26M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Wec Energy Group Retirement Account Plan reported net income fell from -$1M in the plan year 2023 filing to -$26M in the plan year 2024 filing.
Wec Energy Group Retirement Account Plan reported participants fell from 2,410 in the plan year 2023 filing to 2,252 in the plan year 2024 filing.
Wec Energy Group Retirement Account Plan end-of-year assets fell from $1.3B in the plan year 2023 filing to $1.3B 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 Retirement Account Plan reports 2,252 participants - 4.0x that state average ($1.3B EOY assets).

Wisconsin filing particulars

Total Assets (Beginning of Year)	$1.3B
Net Assets (End of Year)	$1.3B
Net Income	-$26M
Employer EIN	391391525
Plan Effective Date	1962-01-01
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 Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Wec Energy Group Retirement Account Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants

Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.5B · 10,236
The Northwestern Mutual Employee Retirement Plan $3.3B · 8,254
The Northwestern Mutual Life Insurance Company Agents Retirement Plan $2.1B · 7,653
Harley-Davidson Retirement Plan $1.9B · 1,414
North Central States Regional Council of Carpenters Pension Fund $1.8B · 5,105

Compare Wec Energy Group Retirement Account Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Wec Energy Group Retirement Account Plan by total assets, not by location.

Colgate-Palmolive Company Employees' Retirement Income Plan (NY) $1.3B · 1,330
Eighth District Electrical Pension Fund (NV) $1.3B · 10,468
Eastman Retirement Assistance Plan (TN) $1.3B · 2,885
Ua Local 290 Plumber, Steamfitter & Shipfitter Pension Plan (OR) $1.3B · 3,464

Frequently Asked Questions

How did Wec Energy Group Retirement Account Plan assets move in 2024? ▼

Wec Energy Group Retirement Account Plan edged down modestly - down 2.0% during 2024, from $1.3B to $1.3B. Reported net income was -$26M.

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 Retirement Account Plan rank by assets among Form 5500 filers? ▼

Wec Energy Group Retirement Account 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 Defined Benefit (Pension) plans are similar in size to Wec Energy Group Retirement Account Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Colgate-Palmolive Company Employees' Retirement Income Plan in NY ($1.3B, 1,330 participants).

Next read for Wec Energy Group Retirement Account Plan

Filing takeaways

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

By total assets, Wec Energy Group Retirement Account Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.

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.