WEC Energy Group, Inc.
Overview
WEC Energy Group, Inc. sponsors a self-funded health plan that covered 7,122 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 7,122 · prior year 7,063
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- WEC Energy Group Welfare Plan, plan 504 (7,122 participants)
- Broker compensation
- $745K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Metropolitan Life Insurance Company | Life | 12,450 | $8.5M | $372K |
| Securehorizons | Medical | 3,250 | $6.0M | — |
| Delta Dental of Wisconsin | Dental | 2,809 | $4.8M | $9K |
| Continental American Insurance Company | Long-term disability | 7,580 | $3.1M | $277K |
| Fidelity Security Life Insurance Company | Vision | 10,388 | $856K | $87K |
| Hartford Life and Accident Insurance Co. | Business Travel Accident | 6,143 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 7,122 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- WEC Energy Group, Inc.
- Sponsor EIN
- 39-1391525
- Plan number
- 504
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 39-1391525 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- WEC Energy Group Retirement Account Plan
- Type
- Pension plan
- Participants
- 5,464
About this data
Source: WEC Energy Group, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with WEC Energy Group, Inc..