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Original filing (PDF)20251014132821NAL0006063938001
WELLMARK, INC.
Form 5500
FILING_RECEIVED
NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF WELLMARK, INC.
Defined-benefit pension plan
Signals · 4
49% in single holding~90 bps in Sched C feesNo recordkeeper disclosed14 service providers
Active participants
1,340
Accounts w/ balance
0
Plan assets (EOY)
$234.8M
Net assets (EOY)
$234.8M
How this plan invests
This plan
4 pooled trusts
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
76
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Wellington Wellington US Long Duration" is 49% of plan.
- 90 bps in Schedule C fees — 801% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for WELLMARK, INC..
Plan sponsor
Name
WELLMARK, INC.
EIN
35-2772844
Address
1331 GRAND AVE STATION 5W615 · DES MOINES, IA · 50309
Phone
(515) 376-4500
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
14 rowsAdvisor / Consultant
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER | — | — | INVESTMENT ADVISORY | $323K | — |
| PIMCO LIMITED PARTNER | 32-0494577 | — | INVESTMENT MANAGEMENT | $257K | — |
| WELLINGTON TRUST COMPANY | 20-5853753 | — | INVESTMENT MANAGEMENT | $232K | — |
| CASTLELAKE | 98-1456932 | — | INVESTMENT MANAGEMENT | $219K | — |
| SVB CAPITAL | — | MENLO PARK, CA | INVESTMENT MANAGEMENT | $176K | — |
| CRESSY & CO. | — | CHICAGO, IL | INVESTMENT MANAGEMENT | $150K | — |
| RELATED RE | 85-3692834 | — | INVESTMENT MANAGEMENT | $127K | — |
| APOLLO RESOURCES | 83-1847727 | — | INVESTMENT MANAGEMENT | $125K | — |
| AUDAX CAPITAL PARTNERS | 98-1606652 | — | INVESTMENT MANAGEMENT | $81K | — |
| GSO CAPITAL SOL | 83-2432555 | — | INVESTMENT MANAGEMENT | $70K | — |
| INDEPENDENT FRANCISE | — | WASHINGTON, DC | INVESTMENT MANAGEMENT | $56K | — |
| LEGAL & GENERAL INVT MGMT | 20-8058531 | — | INVESTMENT MANAGEMENT | $2K | — |
Trustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL CUSTODIAL SOLUTIONS | 51-0099493 | — | TRUSTEE | $228K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $70K | — |
Investments
23 direct securities · 4 pooled funds· $353.4M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$214.3M
22 holdings
Common Collective Trust
$138.0M
4 holdings
Mutual Funds
$1.1M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Wellington US Long Duration | — | — | $125.5M | $114.0M | 48.6% | |
| CIF US INVESTMENT GRADE CORPORATE L WELLINGTON TRUST COMPANY, NA · EIN 04-6913417 / PN 120 | Common Collective Trust | — | — | $114.0M | 48.6% | |
| U.S. Government Securities U.S. Government U.S Treasury Strips | — | — | $15.6M | $13.6M | 5.8% | |
| LEGAL & GENERAL RUSSELL 3000 CIT LEGAL & GENERAL INVESTMENT MANAGEMENT AMERICA, INC. · EIN 20-8058531 / PN 002 | Common Collective Trust | — | $2.6M | $10.6M | 4.5% | |
| MFS INTL EQUITY CIT SEI TRUST COMPANY · EIN 57-1187281 / PN 013 | Common Collective Trust | — | $9.0M | $8.7M | 3.7% | |
| SVB Strategic Investors Fund IX | — | — | $4.9M | $8.5M | 3.6% | |
| Cressey & Company Fund VI | — | — | $5.1M | $8.3M | 3.5% | |
| One Rock One Rock Capital Partners III | — | — | $3.5M | $7.1M | 3.0% | |
| Platinum Equity Capital Partners V | — | — | $4.7M | $6.2M | 2.7% | |
| Davidson Kempner Davidson Kempner Long-Term Distressed Opportunities Fund V | — | — | $3.9M | $5.7M | 2.4% | |
| SVB Strategic Investors Fund X Cayman | — | — | $4.6M | $5.6M | 2.4% | |
| PIMCO Income Fund | — | — | $5.9M | $5.3M | 2.3% | |
| IFP Global Equity, LP - | — | — | — | $4.9M | 2.1% | |
| Wellington Global Select Cap Appreciation | — | — | $2.1M | $4.6M | 2.0% | |
| WELLGLSELCAPAPP WELLINGTON TRUST COMPANY, NA · EIN 20-5853753 / PN 001 | Common Collective Trust | — | — | $4.6M | 2.0% | |
| Castlelake Income Opps II | — | — | $4.4M | $4.5M | 1.9% | |
| Sweetwater Secondaries Fund II | — | — | $1.9M | $4.3M | 1.8% | |
| PIMCO BRAVO Fund III Onshore | — | — | $1.9M | $4.2M | 1.8% | |
| Related Real Estate Fund III | — | — | $3.6M | $4.0M | 1.7% | |
| Apollo Natural Resources Partners III | — | — | $2.8M | $3.7M | 1.6% | |
| Cash Equivalents Allspring 100% Treasury Money Market | — | — | $3.1M | $3.1M | 1.3% | |
| Audax Direct Lending Solutions Fund II | — | — | $2.5M | $2.6M | 1.1% | |
| Castlelake Income Opps B | — | — | $937K | $1.3M | 0.6% | |
| Limited Partnerships Apollo Natural Resources Partners II | — | — | $595K | $1.3M | 0.5% | |
| Baird Ultra Short Bond Fund | Mutual Funds | — | $1.1M | $1.1M | 0.5% | |
| GSO Cap Solutions Overseas Feeder Fund III | — | — | $634K | $993K | 0.4% | |
| WHI Real Estate Partners WHI Real Estate Partners IV-TE - | — | — | — | $573K | 0.2% |