Defined Benefit (Pension) · DOL Form 5500 · 2024
Wec Energy Group, Inc. Pension Plan
Data updated 2026-08-11
- $185M
- Total assets
- 328
- Participants
- 94th
- Percentile by assets
- $565,253
- Avg per participant
Official DOL plan name: Wec Energy Group Retirement Plan for Wec Business Services · Sponsored by Wec Energy Group, Inc. · Wisconsin · Utilities
$185M in assets, 328 participants
Wec Energy Group, Inc.'s Wec Energy Group Retirement Plan for Wec Business Services reported $185M in total assets and 328 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 123,622 plans)
- #504 in Utilities (732 peers)
Utilities sector rank
Within Utilities, Wec Energy Group Retirement Plan for Wec Business Services ranks #504 of 732 2024 filers by assets (290% of the sector average)-$185M for 328 participants.
- $185M
- total plan assets (2024 EOY)
- 328
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $565,253
- avg assets per participant
The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wec Energy Group Retirement Plan for Wec Business Services reported net income fell from $3M in the plan year 2023 filing to -$6M in the plan year 2024 filing.
- Wec Energy Group Retirement Plan for Wec Business Services reported participants fell from 358 in the plan year 2023 filing to 328 in the plan year 2024 filing.
- Wec Energy Group Retirement Plan for Wec Business Services end-of-year assets fell from $191M in the plan year 2023 filing to $185M in the plan year 2024 filing.
Rank #504 in Utilities
Among 732 Utilities plans that filed a Form 5500 for plan year 2024, Wec Energy Group Retirement Plan for Wec Business Services ranks #504 by end-of-year assets - about 290% of the sector average of $537M. Nationally it sits in the 94th percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $191M |
|---|---|
| Net Assets (End of Year) | $185M |
| Net Income | -$6M |
| Employer EIN | 391391525 |
| Plan Effective Date | 2017-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wec Energy Group, Inc.)
| 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 Plan for Wec Business Services 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Wec Energy Group Retirement Plan for Wec Business Services by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Wec Energy Group Retirement Plan for Wec Business Services's numbers.
- By total assets, Wec Energy Group Retirement Plan for Wec Business Services ranks in the top 10% of all filed plans by assets. 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