2023 Form 5500 filing — Wec Energy Group 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 20240626125213NAL0005719363001) for Wec Energy Group Retirement Savings Plan, reported by Wec Energy Group, Inc. under EIN 39-1391525 and plan number 049. It reports 5,118 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$1.5BReported net assets$1,544,110,000
Participants5.1K5,118
Provider compensation$684K4 Schedule C row(s)$683,968
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240626125213NAL0005719363001
- Plan sponsor
- Wec Energy Group, Inc.
- EIN
- 39-1391525
- Plan number
- 049
- Location
- Milwaukee, WI
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$1.5B total assets
Net assets$1.5BLiabilities$0
Full reported line items
- Total assets (EOY)
- $1,544,110,000
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,544,110,000
- Employer contributions
- $33,046,000
- Participant contributions
- $37,045,000
- Total income / additions
- $274,541,000
- Benefits paid
- $181,189,000
- Administrative expenses
- $689,000
- Total expenses
- $181,878,000
- Net increase / (decrease)
- $92,663,000
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $390,732 | $0 |
| Strategic Advisors,Inc. | ADVISOR | $239,773 | 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 | $11,463 | not reported in the loaded dataset |