Employers › WEC Energy Group › plan 050
Recordkeeping fees per participant · WEC Energy Group Limited Retirement Savings Plan · plan year 2024
$146.20
Higher than 78% of the 7,477 plans $1 to 10M that report it.
= $25,000 / 171
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250604110841NAL0011161345001, received 2025-06-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250604110841NAL0011161345001, received 2025-06-04
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-04.
Administrative expenses excluding investment management, per participant
$257.31
Higher than 85% of the 14,713 plans $1 to 10M that report it.
= $44,000 / 171
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250604110841NAL0011161345001, received 2025-06-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250604110841NAL0011161345001, received 2025-06-04
Administrative expenses per participant
$274.85
Higher than 77% of the 15,210 plans $1 to 10M that report it.
= $47,000 / 171
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250604110841NAL0011161345001, received 2025-06-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250604110841NAL0011161345001, received 2025-06-04
Administrative expenses as a share of assets
0.541%
Higher than 52% of the 15,243 plans $1 to 10M that report it.
= $47,000 / $8,691,000
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250604110841NAL0011161345001, received 2025-06-04
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250604110841NAL0011161345001, received 2025-06-04
Employer contributions per participant
$3,825
Higher than 96% of the 13,342 plans $1 to 10M that report it.
= $654,000 / 171
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250604110841NAL0011161345001, received 2025-06-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250604110841NAL0011161345001, received 2025-06-04
Employer share of total contributions
51.7%
Higher than 94% of the 13,370 plans $1 to 10M that report it.
= $654,000 / $1,266,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250604110841NAL0011161345001, received 2025-06-04
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250604110841NAL0011161345001, received 2025-06-04
93.9% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($274.85 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3H controlled-group sponsor · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250604110841NAL0011161345001, received 2025-06-04
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WEC ENERGY GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Plan name | WEC ENERGY GROUP LIMITED RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Sponsor EIN / plan number | 39-1391525 / 050 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Sponsor location | MILWAUKEE, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Filing received | 2025-06-04 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Participants, beginning of year | 259 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Active participants | 171 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Participants, end of year | 280 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Participants with an account balance | 171 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total assets, beginning of year | $7,473,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total assets, end of year | $8,691,000 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Net assets, end of year | $8,691,000 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total income | $2,291,000 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Net income | $1,533,000 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Employer contributions | $654,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Participant contributions | $535,000 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Other contributions (incl. rollovers) | $77,000 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total contributions | $1,266,000 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Benefit payments | $711,000 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total expenses (incl. benefit payments) | $758,000 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Total administrative expenses | $47,000 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Contract administrator fees | $10,000 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Recordkeeping fees | $25,000 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| IQPA audit fees | $8,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Investment advisory and management fees | $3,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Administrative expenses excluding investment management | $44,000 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Held in master trusts | $8,159,000 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250604110841NAL0011161345001, received 2025-06-04 |
| Independent auditor | CROWE, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250604110841NAL0011161345001, received 2025-06-04 |
Position = column in the DOL layout for form year 2024. Filing 20250604110841NAL0011161345001, received 2025-06-04.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 38 Participant communication; 64 Recordkeeping fees; 65 Account maintenance fees | $33,412 | yes |
| CROWE, LLP | N/A | 10 Accounting (including auditing) | $8,250 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250604110841NAL0011161345001, received 2025-06-04.
WEC ENERGY GROUP MASTER TRUST (EIN 043603774, PN 001): plan interest $8,159,000, 0.2% of the trust. The trust's own filing (20250604103537NAL0010776497001, received 2025-06-04) reports net assets $3,615,937,852, administrative expenses $0, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,473,000 | $8,691,000 | 16.3% |
| Participants with a balance | 151 | 171 | 13.2% |
| Administrative expenses | $47,000 | $47,000 | 0.0% |
| Recordkeeping fees per participant | $178.81 | $146.20 | -18.2% |
| Employer contributions | $730,000 | $654,000 | -10.4% |
Prior filing 20240626125359NAL0005720803001, received 2024-06-26; the plan years are contiguous.