Plan Snapshot
- Plan Sponsor: Wellmark, INC.
- Sponsor EIN: 420318333
- Sponsor Address: 1331 GRAND AVENUE, DES MOINES, IA, 503092901
- Plan Type: 401(k)
- Total Participants: 1,930
- Total Assets: $467.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,930 | $467.9M | $10.7M | $21.4M |
| 2023 | 1,944 | $410.2M | $9.4M | $19.7M |
| 2022 | 1,871 | $332.8M | $8.4M | $17.8M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $211,649 | $22,023 | $188,451 | — | — |
| 2023 | $202,178 | $20,577 | $181,601 | — | — |
| 2022 | $174,604 | — | $172,201 | — | $2,403 |