Profit Sharing · DOL Form 5500 · 2024

Wells & Tate Electric Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
27
Participants Small participant base
64th
Percentile by assets National rank
$535,037
Avg per participant High balance/head
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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.

  • #5,600 in Construction (9,039 peers)

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.

#5,600
in Construction (9,039 peers)
+10.1%
assets growth YoY

Wells & Tate Electric Co., Inc. Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Wells & Tate Electric Co., Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$14,445,993 Top 36% higher than 64% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Wells & Tate Electric Co., Inc. Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wells & Tate Electric Co., Inc. Profit Sharing Plan is a small filing (27 participants) on this national headcount ladder.

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 630646125 · Wells & Tate Electric Co., Inc. PY 2024 · Profit Sharing

Wells & Tate Electric Co., Inc. Profit Sharing Plan · $14M · 27 · 64th

  • ASSETS $14M
  • PCT 27
  • EIN 64th
  • RANK Profit Sharing
  • PHOTO near Ace & Stewart Detailing, Inc. Profit Sharing Plan
  • IND ind #5600

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Alabama →

Wells & Tate Electric Co., Inc. Profit Sharing Plan in the asset neighbourhood

Wells & Tate Electric Co., Inc. Profit Sharing PlanWells & Tate Electric Co., I…$14MAce & Stewart Detailing, Inc. Profit Sharing PlanAce & Stewart Detailing, Inc…$14MCenter Management Services Inc. Profit Sharing PlanCenter Management Services I…$14MVirginia Cancer Specialists, P.C. Profit Sharing PlanVirginia Cancer Specialists,…$14MGood Earth Tools, Inc. Profit Sharing PlanGood Earth Tools, Inc. Profi…$14M
End-of-year total assets ($M) among Wells & Tate Electric Co., Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Wells & Tate Electric Co., Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Wells & Tate Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 23.47050052756613% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.7M $14.5M ▲ +23.5%
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 EIN630646125
Plan Effective Date1974-02-28
Filing StatusFILING 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 Scatter plot of 6 data points. -50005001000150020002500 102030405060 Total assets ($M) Participants Wells & Tate Electric Co., Inc. Profit Sharing Plan, Total assets ($M): 14.445993 · Participants: 27Wells & Tate Electric Co., Inc. Profit Sharing PlanThe Health Care Authority for Baptist Health Matching Dollar Plan, Total assets ($M): 48.988463 · Participants: 2217The Health Care Authority for Baptist Health Matching Dollar PlanEwtn 403(b) Retirement Savings Plan, Total assets ($M): 40.769673 · Participants: 468Ewtn 403(b) Retirement Savings PlanPathology Associates, P.C. Profit Sharing Plan and Trust, Total assets ($M): 34.666809 · Participants: 40Pathology Associates, P.C. Profit Sharing Plan and TrustRadiology Associates of Dothan, P.a. Profit Sharing Plan, Total assets ($M): 27.607066 · Participants: 16Radiology Associates of Dothan, P.a. Profit Sharing PlanAuto Investment, Inc. 401(k) Plan, Total assets ($M): 27.311595 · Participants: 401Auto Investment, Inc. 401(k) Plan
Wells & Tate Electric Co., Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Alabama, assets vs. participants
Compare Wells & Tate Electric Co., Inc. Profit Sharing Plan side-by-side with 3 peers →

Wells & Tate Electric Co., Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Alabama, the nearest Profit Sharing by assets is Ace & Stewart Detailing, Inc. Profit Sharing Plan in CA ($14M); by covered participants it is Learning First, Inc. Retirement Plan in NJ (27 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (27 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wells & Tate Electric Co., Inc. Profit Sharing Plan assets move in 2024? ▼
Wells & Tate Electric Co., Inc. Profit Sharing Plan grew at a solid clip - up 10.1% during 2024, from $13M to $14M. Reported net income was $1M.
How have Wells & Tate Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wells & Tate Electric Co., Inc.'s sponsor-wide assets grew 23.5%, from $12M to $14M.
Which Profit Sharing plans are similar in size to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Ace & Stewart Detailing, Inc. Profit Sharing Plan in CA ($14M, 5 participants).
Which Profit Sharing plans cover a similar participant headcount to Wells & Tate Electric Co., Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Learning First, Inc. Retirement Plan in NJ (27 participants, $2M in assets).

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.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.