Wellmark, Inc.

Plan nameWellmark, Inc.
LocationDes Moines, Iowa
Asset size$306mm
# of participants2,300
Business Category Insurance
Participation Rate94.0%
Avg Deferral Rate8.9%
# of Funds Offered13
Investment ReviewQuarterly
True-up FeatureYes
Match Vesting Period2 years
EligibilityImmediate
Default Deferral Rate4%
Default InvestmentTDF (all types)
Auto-EscalationOpt-out
Systematic WithdrawalsNo
Fee EqualizationNot reported
Match Rate100% of first 4% of salary
% Receiving Full Match>75%
Max Employer Contribution4%
Financial Education 
   Saving/BudgetingYes
   Investing strategiesYes
   Tax/Estate planningYes
   College savingYes
   Credit/Debt mgmtYes
   Retiree health costs/savings optionsYes
Recordkeeper:Prudential
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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