Department of Labor filing

WEG ELECTRIC CORP.

WEG ELECTRIC CORP. RETIREMENT READINESS 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

35filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,204

Reported employer contributions per active participant.

Higher than about 19% of comparable plans

#People in the filing

259

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$89 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 71% of comparable plans

↗Investment performance

Not available

Plan assets changed 7.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202435out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions19th percentileTypical peer $2,293 · based on 622 comparable plans

Lower reported administrative expense71st percentileTypical peer $193 · based on 639 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, WEG ELECTRIC CORP. reported $311,900 in employer contributions across the plan and 259 active participants. That works out to $1,204 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy78%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 66.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 1.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context35/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $311,900
Participant contributions: $226,353
Other contributions: $3,168
Employer share of reported contributions: 57.9%
Beginning assets: $4,708,449
Ending assets: $5,045,723
Ending net assets: $5,045,723
Ending liabilities: $0
Total income: $1,041,388
Total expenses: $704,114
Administrative expenses: $33,459
Participant loans: $124,463

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$725

2023

$1,146

2024

$1,204

Plan-paid administrative expenses per participant

2022

$88

2023

$81

2024

$89

Active participants

2022

275

2023

295

2024

259

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,204	259	5M	20251015150103NAL0010244962001
2023	$1,146	295	4.7M	20241014070032NAL0026738049001
2022	$725	275	4.3M	20231016100518NAL0075222914001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 650280210-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Dec 11, 2006
Industry: Industry group 333
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2J2K2F2G3D3H2A

Other plans from this sponsor

Related public plan records

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20251015150103NAL0010244962001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗