Plan Snapshot
- Plan Sponsor: Wec Energy Group, INC.
- Sponsor EIN: 391391525
- Sponsor Address: 231 W. MICHIGAN STREET, P409, MILWAUKEE, WI, 53203
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 7,122
- Total Assets: $799,348
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 7,122 | $799,348 | $0 | $0 |
| 2024 | 7,063 | $8.1M | $73.2M | $44.3M |
| 2023 | 6,968 | $33.6M | $85.2M | $41.9M |
| 2022 | 6,876 | $0 | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UNITEDHEALTHCARE | Other Service Provider | $3,790,877 | — | $3,790,877 |
| EXPRESS SCRIPTS | Other Service Provider | $906,062 | — | $906,062 |
| BSWIFT, LLC | Other Service Provider | $617,047 | — | $617,047 |
| DELTA DENTAL OF WISCONSIN | Other Service Provider | $106,830 | — | $106,830 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,420,816
- Estimated Expense Ratio: 678.155% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $154,170,708 | — | $5,420,816 | — | — |
| 2024 | $5,263,122 | — | $5,262,954 | — | — |
| 2023 | $5,214,063 | — | $5,213,977 | — | — |
| 2022 | — | — | — | — | — |