WELLMARK, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC.
401k plan membership statisitcs for NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC.
| Measure | Date | Value |
|---|
| 2023: NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC. 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 2,915 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 1,456 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 359 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 939 |
| Total of all active and inactive participants | 2023-01-01 | 2,754 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 35 |
| Total participants | 2023-01-01 | 2,789 |
| Number of participants with account balances | 2023-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 18 |
| 2022: NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC. 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 376,443,894 |
| Acturial value of plan assets | 2022-12-31 | 357,785,162 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 38,037,140 |
| Number of terminated vested participants | 2022-12-31 | 906 |
| Fundng target for terminated vested participants | 2022-12-31 | 47,753,601 |
| Active participant vested funding target | 2022-12-31 | 156,488,984 |
| Number of active participants | 2022-12-31 | 1,820 |
| Total funding liabilities for active participants | 2022-12-31 | 160,042,305 |
| Total participant count | 2022-12-31 | 3,098 |
| Total funding target for all participants | 2022-12-31 | 245,833,046 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 53,188,849 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 53,188,849 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 58,699,214 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 13,152,287 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total participants, beginning-of-year | 2022-01-01 | 3,107 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 1,567 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 353 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 955 |
| Total of all active and inactive participants | 2022-01-01 | 2,875 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 38 |
| Total participants | 2022-01-01 | 2,913 |
| Number of participants with account balances | 2022-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 75 |
| Measure | Date | Value |
|---|
| 2023 : NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC. 2023 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2023-12-31 | $792,008 |
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $792,008 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $32,035,176 |
| Total loss/gain on sale of assets | 2023-12-31 | $-132,347 |
| Total of all expenses incurred | 2023-12-31 | $21,695,881 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $18,647,132 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $0 |
| Value of total assets at end of year | 2023-12-31 | $297,274,074 |
| Value of total assets at beginning of year | 2023-12-31 | $286,934,779 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $3,048,749 |
| Total interest from all sources | 2023-12-31 | $1,058,813 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $633,607 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $633,607 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-12-31 | $25,443,159 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $5,009,196 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-12-31 | $-480,412 |
| Other income not declared elsewhere | 2023-12-31 | $8,622,951 |
| Administrative expenses (other) incurred | 2023-12-31 | $280,032 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $10,339,295 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $297,274,074 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $286,934,779 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2023-12-31 | $76,730,029 |
| Assets. partnership/joint venture interests at beginning of year | 2023-12-31 | $71,742,216 |
| Investment advisory and management fees | 2023-12-31 | $2,472,899 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $21,919,796 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $23,901,603 |
| Income. Interest from US Government securities | 2023-12-31 | $881,695 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $166,053,500 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $141,751,417 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $1,498,732 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $6,688,455 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $6,688,455 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $177,118 |
| Asset value of US Government securities at end of year | 2023-12-31 | $26,062,821 |
| Asset value of US Government securities at beginning of year | 2023-12-31 | $17,888,341 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,884,990 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $19,175,154 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $18,647,132 |
| Contract administrator fees | 2023-12-31 | $248,579 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Aggregate proceeds on sale of assets | 2023-12-31 | $23,381,678 |
| Aggregate carrying amount (costs) on sale of assets | 2023-12-31 | $23,514,025 |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2023-12-31 | 135565207 |
| 2022 : NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC. 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $475,405 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $475,405 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-65,708,808 |
| Total loss/gain on sale of assets | 2022-12-31 | $-6,777,625 |
| Total of all expenses incurred | 2022-12-31 | $28,296,266 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $26,079,629 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
| Value of total assets at end of year | 2022-12-31 | $286,934,779 |
| Value of total assets at beginning of year | 2022-12-31 | $380,939,853 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $2,216,637 |
| Total interest from all sources | 2022-12-31 | $311,431 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $633,552 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $633,552 |
| Administrative expenses professional fees incurred | 2022-12-31 | $377,901 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $25,443,159 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $39,400,943 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $-480,412 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $13,740,313 |
| Other income not declared elsewhere | 2022-12-31 | $-7,425,288 |
| Administrative expenses (other) incurred | 2022-12-31 | $288,098 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-94,005,074 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $286,934,779 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $380,939,853 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-12-31 | $71,742,216 |
| Assets. partnership/joint venture interests at beginning of year | 2022-12-31 | $78,917,848 |
| Investment advisory and management fees | 2022-12-31 | $1,300,656 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $23,901,603 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $48,465,230 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $3,680,182 |
| Income. Interest from US Government securities | 2022-12-31 | $191,146 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $141,751,417 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $185,572,400 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $6,688,455 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $-82,275 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $-82,275 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $120,285 |
| Asset value of US Government securities at end of year | 2022-12-31 | $17,888,341 |
| Asset value of US Government securities at beginning of year | 2022-12-31 | $11,245,212 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-9,163,628 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-43,762,655 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $26,079,629 |
| Contract administrator fees | 2022-12-31 | $249,982 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $27,079,768 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $33,857,393 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | RSM US LLP |
| Accountancy firm EIN | 2022-12-31 | 420714325 |
