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)
- Total Participants: 171
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 171 | $8.7M | $654,000 | $535,000 |
| 2023 | 153 | $7.5M | $730,000 | $557,000 |
| 2022 | 210 | $6.0M | $785,000 | $557,000 |
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 |
|---|---|---|---|---|
| CROWE, LLP | Auditor | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,000
- Estimated Expense Ratio: 0.092% 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 |
|---|---|---|---|---|---|
| 2024 | $47,000 | $3,000 | $10,000 | $8,000 | — |
| 2023 | $47,000 | $2,000 | $4,000 | $12,000 | — |
| 2022 | $42,000 | $1,000 | $23,000 | — | $18,000 |