Plan Ledger DOL Form 5500 · updated monthly

Wec Energy Group, Inc.401(k) + ESOP (KSOP)

WEC ENERGY GROUP EMPLOYEE RETIREMENT SAVINGS PLAN · MILWAUKEE, WI · plan year 2025

Reported admin expense ratio · 2025
0.04%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Wec Energy Group, Inc. reported $736,000 in plan administrative expenses for 2025: 0.04% of average plan assets, below the peer median. Employer contributions averaged $7,448 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.037% to 0.035%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other utilities employers. By assets it is the 16th-largest of 1,936 plans among Wisconsin employers on file, and the 27th of 412 in utilities. In 2025, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,180,379,000
Participants with balances5,077
Active participants3,832
Employer contributions$28,541,000
Employee contributions$51,368,000
Employer contribution per active participant$7,448
Average account balance$429,462
Benefits paid to participants$226,096,000
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history4
Yearassets · accounts · employer contribution
2025$2.2B · 5,077 accts · $28.5M emplr
2024$2.0B · 4,966 accts · $25.9M emplr
2023$1.8B · 4,935 accts · $22.3M emplr
2022$1.7B · 4,853 accts · $19.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$332,000
Investment management$356,000
Audit (IQPA)$43,000
Total administrative$736,000
The Wec Energy Group, Inc. 401(k) match · 2025
Employer contribution per active participant$7,448
Median for plans this size$5,084
2025$7,448 per active participant
2024$6,969 per active participant
2023$6,123 per active participant
2022$5,525 per active participant

Wec Energy Group, Inc.'s 2025 employer contribution ran above the $5,084 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
FIDELITY INVESTMENTS INSTITUTIONAL · Recordkeeping · Consulting$329,814
STRATEGIC ADVISORS, INC · Investment advisory (participants)$342,710
CROWE, LLP · Accounting / audit$42,840
ROBERT W. BAIRD & COMPANY · Investment advisory (plan) · Named fiduciary$13,474
REINHART, BOERNER, VANDEUREN · Legal$5,367

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Fidelity
2024Fidelity
2023Fidelity

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$736,000 · 0.04%
2024$690,000 · 0.04%
2023$723,000 · 0.04%
2022$720,000 · 0.04%
All plans at this employer3
WEC ENERGY GROUP EMPLOYEE RETIREMENT SAVINGS PLAN401(k) + ESOP (KSOP)
WEC ENERGY GROUP RETIREMENT SAVINGS PLAN401(k) + ESOP (KSOP)
WEC ENERGY GROUP LIMITED RETIREMENT SAVINGS PLAN401(k) + ESOP (KSOP)
Same employer
Similar plansUtilities · Wisconsin
Nisource Inc IN$2.0B · 0.00%
Pacificorp OR$1.8B · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391391525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.