Employer · plans filed under one EIN
Wec Energy Group, Inc.
Milwaukee, WI · Utilities
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
11 retirement plans with 100 or more participants file Form 5500 under Wec Energy Group, Inc.'s employer identification number (Milwaukee, Wisconsin). Their latest filings total 21,476 participant records and $6.87B in net assets.
The largest is Wec Energy Group Retirement Account Plan, a cash balance pension plan with 5,267 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $65.5M and participant contributions $91.6M in the latest plan years; benefits paid were $611M. Schedule C compensation reported to service provider organisations totalled $4.1M.
Combined net assets moved from $3.08B in 2014 to $6.87B in 2025 (up 123%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Wec Energy Group Retirement Account Plan | cash balance pension plan | 2025 | 5,267 | $1.29B | $245,236 | — | $947K |
| Wec Energy Group Employee Retirement Savings Plan | ESOP with a 401(k) feature | 2025 | 5,193 | $2.18B | $419,869 | $7,448 | $729K |
| Wec Energy Group Retirement Savings Plan | ESOP with a 401(k) feature | 2025 | 4,875 | $1.88B | $385,138 | $10,841 | $683K |
| Wec Energy Group Retirement Plan for Wisconsin Public Service Corporation | cash balance pension plan | 2025 | 2,166 | $744M | $343,381 | $81 | $529K |
| Wec Energy Group Legacy Retirement Account Plan | cash balance pension plan | 2025 | 1,236 | $139M | $112,269 | — | $240K |
| Wec Energy Group Retirement Plan for PGL and NSG | cash balance pension plan | 2025 | 1,017 | $300M | $295,235 | — | $322K |
| Wec Energy Group Retirement Plan for Wec Business Services | cash balance pension plan | 2025 | 571 | $190M | $332,970 | — | $193K |
| Wec Energy Group Retirement Plan for Michigan Gas Utilities Corporation | cash balance pension plan | 2025 | 351 | $58.2M | $165,672 | — | $159K |
| Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation | cash balance pension plan | 2025 | 303 | $46.8M | $154,396 | — | $157K |
| Wec Energy Group Limited Retirement Savings Plan | ESOP with a 401(k) feature | 2025 | 286 | $11.2M | $39,154 | $4,616 | $38K |
| Wec Energy Group Retirement Plan for Integrys Holding | cash balance pension plan | 2025 | 211 | $35.6M | $168,673 | — | $115K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 11 | 21,476 | $6.87B | $65.5M | $91.6M |
| 2024 | 11 | 21,818 | $6.43B | $60.6M | $87.3M |
| 2023 | 11 | 22,311 | $6.19B | $56.1M | $83.0M |
| 2022 | 11 | 22,917 | $5.92B | $52.1M | $80.3M |
| 2021 | 11 | 23,418 | $7.50B | $101M | $80.0M |
| 2020 | 11 | 24,293 | $7.11B | $151M | $80.2M |
| 2019 | 11 | 25,065 | $6.54B | $99.6M | $78.7M |
| 2018 | 9 | 15,089 | $2.87B | $60.6M | $445K |
| 2017 | 9 | 15,564 | $3.15B | $92.4M | $244K |
| 2016 | 4 | 20,095 | $4.25B | $33.5M | $49.4M |
| 2015 | 3 | 14,747 | $3.03B | $104M | $40.9M |
| 2014 | 3 | 14,927 | $3.08B | $24.4M | $39.8M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Fidelity Investments Institutional | Plan Administrator; Recordkeeping and information management; Consulting (pension); Participant communication | 11 | $2,040,066 |
| Willis Towers Watson US LLC | Actuarial; Consulting (pension); Other services | 8 | $1,112,924 |
| Strategic Advisors, Inc. | Investment advisory (participants) | 2 | $655,072 |
| CliftonLarsonAllen LLP | Accounting (including auditing) | 8 | $195,135 |
| Crowe, LLP | Accounting (including auditing) | 2 | $85,680 |
| Robert W. Baird & Company | Investment advisory (plan); Named fiduciary | 2 | $24,940 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Wec Energy Group, Inc. have?
11 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Wec Energy Group Retirement Account Plan, Wec Energy Group Employee Retirement Savings Plan, Wec Energy Group Retirement Savings Plan and Wec Energy Group Retirement Plan for Wisconsin Public Service Corporation and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Wec Energy Group, Inc. contribute to its plans?
$65,536,000 in employer contributions across these plans in their latest plan years, about $6,264 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Fidelity Investments Institutional, Willis Towers Watson US LLC, Strategic Advisors, Inc. and CliftonLarsonAllen LLP and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.