Profit Sharing · DOL Form 5500 · 2024
Wells & Tate Electric Co., Inc. Profit Sharing Plan
Data updated 2026-07-24
- $14M
- Total assets
- 27
- Participants
- 64th
- Percentile by assets
- $535,037
- Avg per participant
Official DOL plan name: Wells & Tate Electric Co., Inc. Profit Sharing Plan · Sponsored by Wells & Tate Electric Co., Inc. · Alabama · Construction
$14M in assets, 27 participants
Wells & Tate Electric Co., Inc.'s Wells & Tate Electric Co., Inc. Profit Sharing Plan reported $14M in total assets and 27 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.
- 64th percentile by assets (of 116,472 plans)
Wells & Tate Electric Co., Inc. multi-year trail
Wells & Tate Electric Co., Inc.'s plans moved +23.5% in assets from 2022 to 2024; this filing shows Wells & Tate Electric Co., Inc. Profit Sharing Plan at $14M / 27 participants.
- $14M
- total plan assets (2024 EOY)
- 27
- covered participants
- 64th
- percentile by assets (of 116,472 plans)
- $535,037
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wells & Tate Electric Co., Inc. Profit Sharing Plan end-of-year assets rose from $13M in the plan year 2023 filing to $14M in the plan year 2024 filing.
- Wells & Tate Electric Co., Inc. Profit Sharing Plan reported net income fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
- Wells & Tate Electric Co., Inc. Profit Sharing Plan reported participants fell from 28 in the plan year 2023 filing to 27 in the plan year 2024 filing.
Wells & Tate Electric Co., Inc. across 3 plan years on file
Across the 3 plan years Wells & Tate Electric Co., Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $14M, a gain of 23.5%, while reported participants moved from 30 to 27 (-10.0%). Peak year by sponsor assets: 2024 ($14M); trough: 2022 ($12M).
Wells & Tate Electric Co., Inc. multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 30 | $12M |
| 2023 | 1 | 28 | $13M |
| 2024 | 1 | 27 | $14M |
Wells & Tate Electric Co., Inc. filing trail (2024)
| Total Assets (Beginning of Year) | $13M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | $1M |
| Employer EIN | 630646125 |
| Plan Effective Date | 1974-02-28 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in Alabama
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants
- The Health Care Authority for Baptist Health Matching Dollar Plan $49M · 2,217
- Ewtn 403(b) Retirement Savings Plan $41M · 468
- Radiology Associates of Dothan, P.a. Profit Sharing Plan $28M · 16
- Auto Investment, Inc. 401(k) Plan $27M · 401
- Southlake Orthopaedics Sports Medicine & Spine Center Profit Sharing Plan $16M · 105
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Wells & Tate Electric Co., Inc. Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
How did Wells & Tate Electric Co., Inc. Profit Sharing Plan assets move in 2024? ▼
How have Wells & Tate Electric Co., Inc. plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
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Multi-year trail
Ways to act on Wells & Tate Electric Co., Inc. Profit Sharing Plan's numbers.
- By total assets, Wells & Tate Electric Co., Inc. Profit Sharing Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Alabama. Compare plans
- Wells & Tate Electric Co., Inc.'s sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Construction 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 630646125.
Read our methodology - how this data is sourced, computed, and verified.