Wec Energy Group Retirement Savings Plan — Form 5500 plan (Wec Energy Group, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Wec Energy Group Retirement Savings Plan is a benefit plan reported by Wec Energy Group, Inc. under EIN 39-1391525 and plan number 049. The latest loaded filing year is 2023. The filing reports 5,118 participants and $1,544,110,000 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Wec Energy Group, Inc.
- EIN
- 39-1391525
- Plan number
- 049
- Plan type
- 2
- Location
- Milwaukee, WI
- Latest filing year
- 2023
- Participants
- 5,118
- End-of-year plan assets
- $1,544,110,000
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 5,118 | H, C | 20240626125213NAL0005719363001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,544,110,000
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,544,110,000
- Net assets (BOY)
- $1,451,564,000
Income & contributions
- Employer contributions
- $33,046,000
- Participant contributions
- $37,045,000
- Total contributions
- $73,785,000
- Total income / additions
- $274,541,000
Expenses & distributions
- Benefits paid
- $181,189,000
- Administrative expenses
- $689,000
- Total expenses
- $181,878,000
- Net increase / (decrease)
- $92,663,000
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $390,732 | $0 | 2023 |
| Strategic Advisors,Inc. | ADVISOR | $239,773 | not reported in the loaded dataset | 2023 |
| Baker Tilly Us, Llp | N/A | $42,000 | not reported in the loaded dataset | 2023 |
| Robert W. Baird & Company | N/A | $11,463 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Wec Energy Group, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in WI
- 401(k) and benefit plan filings in Milwaukee, WI
- Fidelity Investments Institutional — Schedule C compensation
- Strategic Advisors,Inc. — Schedule C compensation
- Baker Tilly Us, Llp — Schedule C compensation
- Robert W. Baird & Company — Schedule C compensation