# Midamerican Energy Company Health & Welfare Plan
Source: https://planprovider.pro/companies/midamerican-energy-company-421425214-501

> Midamerican Energy Company's Health & Welfare plan: 4,711 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midamerican Energy Company

- **Sponsor EIN:** 421425214

- **Sponsor Address:** P.O. BOX 657, DES MOINES, IA, 503060657

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 4,711

- **Total Assets:** $309.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|4,711|$309.2M|$64.9M|$24.1M|

| 2023|3,959|$276.0M|$58.4M|$21.3M|

| 2022|3,753|$243.0M|$53.9M|$18.4M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WELLMARK BCBS OF IOWA|Other Service Provider|$1,928,931|—|$1,928,931|

| EXPRESS SCRIPTS|Other Service Provider|$1,279,584|—|$1,279,584|

| METROPOLITAN LIFE INSURANCE CO|Other Service Provider|$141,681|—|$141,681|

| COMPSYCH|Other Service Provider|$60,923|—|$60,923|

| VISION SERVICE PLAN|Other Service Provider|$59,222|—|$59,222|

| BENEFITBUMP|Other Service Provider|$46,380|—|$46,380|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,516,721

- **Estimated Expense Ratio:** 1.137% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$5,698,244|—|$3,904,090|—|—|

| 2023|$2,392,189|—|$4,076,324|—|—|

| 2022|$4,105,070|—|—|—|$3,572,213|

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