Retirement plan

WELLMARK, INC. SAVINGS AND INVESTMENT PLAN

Name: WELLMARK, INC. - WELLMARK, INC. SAVINGS AND INVESTMENT PLAN (2018) Form 5500
Creator: WELLMARK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELLMARK, INC. SAVINGS AND INVESTMENT PLAN, WELLMARK, INC.

WELLMARK, INC.EIN 42-0318333Plan #002PY 2018

1331 GRAND AVENUE - DES MOINES, IA 503092502515-376-4500wellmarkco.comLinkedIn51-200 employeesoil & energy

Other plans on this EIN

1 filing

#001Retirement-$322.0M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 6, 2022 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1331 Grand Avenue, Station 5W615

Des Moines, IA 50309

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (4)

Wellmark, Inc. Senior Leadership Team Long-Term Incentive Compensation Plan8 emp
Wellmark, Inc. Vice Presidents Long-Term Incentive Compensation Plan22 emp
Wellmark, Inc. Nonqualified Deferred Compensation Plan100 emp
Wellmark, Inc. Nonqualified Deferred Compensation Plan for Directors9 emp

Total covered: 139 employees

Open the filing PDF

How to read this page

Total assets (EOY)

$251.6M

-8.8% from 2016

Total participants

2,302

+0.8% from 2016

Average account balance

$110,465

-8.5% from 2016

Annual return

-3.99%

-6.37 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

Participant deferral / active EE

$6,912

median $5,270

Employer contribution / active EE

$3,274

median $2,970

Participation rate

98.7%

median 96.0%

Avg account balance

$110,465

median $66,364

Admin fee / account holder

$49

median $64

Annual return

-3.99%

median -3.97%

Overall peer rank

60of 100

60th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$467.94M

Average account balance

Total assets / participants with a balance (line 6g)

$203K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,305

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Contributions (total)

Employer and participant dollars contributed each year

$32.04M

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.45%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$92

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 14 · EIN 06-1050034	Plan Administrator	$89,610
PLAN DESIGN CONSULTANTS, INC.1 year Filed as: PLAN SPONSOR ADVISORS, LLC Service code 27 · EIN 20-1079566	Advisory (Plan)	$20,000
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 63 · EIN 13-4122960	12b-1 Fees	$16,140

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$112K

$60 / participant

Other / not subdivided$112K100.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,465

$82,546+33.8%

$140,019-21.1%

$75,289+46.7%

Participation rate

98.7%

88.4%+10.4pp

87.5%+11.2pp

72.4%+26.3pp

Annual return

-3.99%

-0.36%-3.6pp

651.19%-655.2pp

-0.04%-4.0pp

Employer contribution / active EE

$3,274

$3,856-15.1%

$5,605-41.6%

$2,405+36.1%

Participant deferral / active EE

$6,912

$5,731+20.6%

$6,927-0.2%

$3,739+84.9%

Admin fee / account holder

$49

$86-42.5%

$10,705-99.5%

$102-51.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 14 · EIN 06-1050034

Plan Administrator

$89,610

PLAN DESIGN CONSULTANTS, INC.1 year

Filed as: PLAN SPONSOR ADVISORS, LLC

Service code 27 · EIN 20-1079566

Advisory (Plan)

$20,000

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 63 · EIN 13-4122960

12b-1 Fees

$16,140

WELLMARK, INC. SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELLMARK, INC. SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion