401(k) · DOL Form 5500 · 2024
Wealth Enhancement Group, LLC 401(k) Plan
Data updated 2026-08-11
- $199M
- Total assets
- 1,277
- Participants
- 94th
- Percentile by assets
- $155,498
- Avg per participant
Official DOL plan name: Wealth Enhancement Group 401(k) Plan · Sponsored by Wealth Enhancement Group, LLC · Minnesota · Finance & Insurance
$199M in assets, 1,277 participants
Wealth Enhancement Group, LLC's Wealth Enhancement Group 401(k) Plan reported $199M in total assets and 1,277 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)
- #7,763 in Finance & Insurance (8,549 peers)
Where Wealth Enhancement Group 401(k) Plan sits by assets
Wealth Enhancement Group 401(k) Plan sits in the top 10% of all filed plans by assets, $199M for 1,277 participants (~$155,498/participant), up 34.9% in 2024.
- $199M
- total plan assets (2024 EOY)
- 1,277
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $155,498
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wealth Enhancement Group 401(k) Plan end-of-year assets rose from $147M in the plan year 2023 filing to $199M in the plan year 2024 filing.
- Wealth Enhancement Group 401(k) Plan reported participants rose from 1,096 in the plan year 2023 filing to 1,277 in the plan year 2024 filing.
- Wealth Enhancement Group 401(k) Plan reported net income rose from $45M in the plan year 2023 filing to $51M in the plan year 2024 filing.
Wealth Enhancement Group 401(k) Plan vs the 2024 asset distribution
By assets, Wealth Enhancement Group 401(k) Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $147M |
|---|---|
| Net Assets (End of Year) | $199M |
| Net Income | $51M |
| Employer EIN | 753100788 |
| Plan Effective Date | 1999-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wealth Enhancement Group, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 853 | $102M |
| 2023 | 1 | 1,096 | $147M |
| 2024 | 1 | 1,277 | $199M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Wealth Enhancement Group 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Wealth Enhancement Group 401(k) Plan by total assets, not by location.
- Alarm.Com 401(k) Plan (VA) $199M · 1,824
- Securitas Technology Corporation 401(k) Savings Plan (CA) $199M · 3,924
- Pedernales Electric Cooperative Inc. Employees 401(k) Savings Plan (TX) $199M · 946
- The Kraft Group Retirement and 401(k) Plan (MA) $199M · 4,011
Frequently Asked Questions
How did Wealth Enhancement Group 401(k) Plan assets move in 2024? ▼
How have Wealth Enhancement Group, LLC plan assets changed over time? ▼
Where does Wealth Enhancement Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Wealth Enhancement Group 401(k) Plan? ▼
Next read for Wealth Enhancement Group 401(k) Plan
Scale reading
Ways to act on Wealth Enhancement Group 401(k) Plan's numbers.
- By total assets, Wealth Enhancement Group 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Wealth Enhancement Group, LLC's sponsor-wide assets have grown 95.2% since 2022 across 3 plan years on file. More Finance & Insurance plans