Defined Benefit (Pension) · DOL Form 5500 · 2024

Wellmark, Inc. Pension Plan

Data updated 2026-08-11

$235M
Total assets: 1,486
Participants: 95th
Percentile by assets: $157,998
Avg per participant

Official DOL plan name: Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. · Sponsored by Wellmark, Inc. · Iowa · Finance & Insurance

$235M in assets, 1,486 participants

Wellmark, Inc.'s Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. reported $235M in total assets and 1,486 participants in its 2024 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

95th percentile by assets (of 123,622 plans)
#7,847 in Finance & Insurance (8,549 peers)

Coverage in Iowa

Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. covers 1,486 participants in Iowa, 2.4x the typical Iowa plan (state average ~609 per filing). Assets: $235M.

$235M
total plan assets (2024 EOY): 1,486
covered participants: 95th
percentile by assets (of 123,622 plans): $157,998
avg assets per participant

The plan reported a net loss of $62M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. reported net income fell from $10M in the plan year 2023 filing to -$62M in the plan year 2024 filing.
Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. end-of-year assets fell from $297M in the plan year 2023 filing to $235M in the plan year 2024 filing.
Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. reported participants rose from 1,474 in the plan year 2023 filing to 1,486 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Iowa

Industry

Finance & Insurance

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. reports 1,486 participants - 2.4x that state average ($235M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)	$297M
Net Assets (End of Year)	$235M
Net Income	-$62M
Employer EIN	352772844
Plan Effective Date	1955-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Wellmark, Inc.)

Total plan assets by year, all Wellmark, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	1,641	$287M
2023	1	1,474	$297M
2024	1	1,486	$235M

Nearby Defined Benefit (Pension) Plans in Iowa

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants

Transamerica Pension Plan $2.2B · 7,170
Principal Cash Balance Plan $1.5B · 11,945
Midamerican Energy Company Retirement Plan $521M · 2,805
Employers Mutual Casualty Company Retirement Plan $362M · 1,908
Pension Plan of the Plumbers and Steamfitters Local Union No. 33 Retirement Trust $331M · 1,233

Compare Non-Contributory Retirement Program for … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. by total assets, not by location.

Nc Farm Bureau Mutual Insurance Company Retirement Plan (NC) $235M · 1,326
Mayer Brown LLP U.S.a. Cash Balance Pension Plan (IL) $235M · 298
Leidos Biomedical Research, Inc. Retirement Plan (MD) $235M · 476
Mcasf Local 725 Pension Plan (FL) $235M · 982

Frequently Asked Questions

How did Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. assets move in 2024? ▼

Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. declined sharply - down 21.0% during 2024, from $297M to $235M. Reported net income was -$62M.

How have Wellmark, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Wellmark, Inc.'s sponsor-wide assets declined 18.2%, from $287M to $235M.

Where does Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. rank by assets among Form 5500 filers? ▼

Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc.? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Nc Farm Bureau Mutual Insurance Company Retirement Plan in NC ($235M, 1,326 participants).

Next read for Non-Contributory Retirement Program for …

Filing takeaways

Ways to act on Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc.'s numbers.

By total assets, Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Iowa. Compare plans
Wellmark, Inc.'s sponsor-wide assets have declined 18.2% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 352772844.