2023 Form 5500 filing — Wec Energy Group Employee Retirement Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240626124851NAL0005716627001) for Wec Energy Group Employee Retirement Savings Plan, reported by Wec Energy Group, Inc. under EIN 39-1391525 and plan number 031. It reports 5,016 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240626124851NAL0005716627001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wec Energy Group, Inc.
- EIN
- 39-1391525
- Plan number
- 031
- Location
- Milwaukee, WI
- Participants
- 5,016
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,819,426,000
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,819,426,000
- Employer contributions
- $22,319,000
- Participant contributions
- $45,375,000
- Total income / additions
- $316,686,000
- Benefits paid
- $190,269,000
- Administrative expenses
- $723,000
- Total expenses
- $190,992,000
- Net increase / (decrease)
- $125,694,000
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $407,577 | $0 |
| Strategic Advisors, Inc | ADVISOR | $255,062 | not reported in the loaded dataset |
| Baker Tilly Us, Llp | N/A | $42,000 | not reported in the loaded dataset |
| Robert W. Baird & Company | N/A | $13,490 | not reported in the loaded dataset |