Weg Electric Corp. 401(k) Plan: Login, Facts & Contact Information

Weg Electric Corp. 401(k) Plan Facts

Plan name
WEG U.S. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WEG ELECTRIC CORP.
Participants
1,436 (1,170 active employees)
Former employees with a balance
213
Plan assets
$109,646,924 at Dec 31, 2024
Average account balance
$82,877 across 1,323 accounts
Employer contributions
$3,065,727 in plan year 2024 (8% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1986
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $38.1 million went into the plan in contributions, $3.07 million of it from the employer (8%).
  • $9.97 million was paid out to participants.
  • Investment and other income added $12.3 million.
  • Administrative expenses were $185,271, about $140 per account.

How the Weg Electric Corp. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019450$33.3 million$824,038$2.59 million
2020763$62.3 million$1.21 million$3.46 million
2021813$71.1 million$1.30 million$5.47 million
2022911$58.4 million$1.47 million$6.09 million
2023980$69.2 million$1.72 million$7.11 million
20241,436$109.6 million$3.07 million$9.97 million

Weg Electric Corp. 401(k) Contact Information

Phone
678-249-2000
Mailing address
6655 SUGARLOAF PARKWAY, DULUTH GA 300974907
Plan sponsor
WEG ELECTRIC CORP.
Employer identification number (EIN)
65-0280210
Plan number
002

Questions about the Weg Electric Corp. 401(k)

Does Weg Electric Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $3.07 million, 8% of all contributions.

Does the Weg Electric Corp 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Weg Electric Corp 401(k) plan?

1,436 participants at the start of plan year 2024, 1,170 of them active employees, and 213 former employees who still had money in the plan.

What is the average 401(k) balance at Weg Electric Corp?

About $82,877 per account: $109.6 million in plan assets across 1,323 accounts with a balance at the end of plan year 2024.

Who manages the Weg Electric Corp 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Weg Electric Corp. How do I access my 401(k)?

Your account stays with Empower 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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