The Wells Companies 401(k) Plan: Login, Facts & Contact Information

The Wells Companies 401(k) Plan Facts

Plan name
WELLS CONCRETE PRODUCTS COMPANY PROFIT SHARING 401(K) AND LABORERS UNION SUPPLEMENTAL RETIREMENT PLAN
Plan type
401(k) and profit sharing
Plan sponsor
THE WELLS COMPANIES
Participants
1,623 (2,296 active employees)
Former employees with a balance
518
Plan assets
$107,992,323 at Dec 31, 2024
Average account balance
$45,993 across 2,348 accounts
Employer contributions
$3,010,852 in plan year 2024 (14% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 1967
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $21.2 million went into the plan in contributions, $3.01 million of it from the employer (14%).
  • $8.28 million was paid out to participants.
  • Investment and other income added $11.8 million.
  • Administrative expenses were $75,454, about $32 per account.

How the The Wells Companies 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019696$38.8 million$1.86 million$4.34 million
20201,104$51.1 million$1.50 million$7.78 million
20211,137$55.8 million$1.73 million$4.85 million
20221,188$71.8 million$1.97 million$8.51 million
20231,644$83.4 million$1.88 million$8.49 million
20241,623$108.0 million$3.01 million$8.28 million

The Wells Companies 401(k) Contact Information

Phone
507-553-3138
Mailing address
P.O.BOX 656, ALBANY MN 56307
Plan sponsor
THE WELLS COMPANIES
Employer identification number (EIN)
27-2789430
Plan number
001

Questions about the The Wells Companies 401(k)

Does The Wells Companies contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $3.01 million in employer contributions for plan year 2024.

Does the The Wells Companies 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the The Wells Companies 401(k) plan?

1,623 participants at the start of plan year 2024, 2,296 of them active employees, and 518 former employees who still had money in the plan.

What is the average 401(k) balance at The Wells Companies?

About $45,993 per account: $108.0 million in plan assets across 2,348 accounts with a balance at the end of plan year 2024.

Who manages the The Wells Companies 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at The Wells Companies. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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