UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
| x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Fiscal Year ended December 31, 2011
OR
| ¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number: 001-16751
| A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
WELLPOINT 401(k) RETIREMENT SAVINGS PLAN
| B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
WellPoint, Inc.
120 Monument Circle
Indianapolis, IN 46204
REQUIRED INFORMATION
The WellPoint 401 (k) Retirement Savings Plan (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In lieu of the requirements of Items 1-3 of Form 11-K, the financial statements of the Plan and the supplemental schedule have been prepared in accordance with the financial reporting requirements of ERISA and are presented herein.
WELLPOINT 401(k) RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedule
December 31, 2011 and 2010 and for the
Year Ended December 31, 2011
With Report of Independent Registered Public Accounting Firm
2
WELLPOINT 401(k) RETIREMENT SAVINGS PLAN
Financial Statements and Supplemental Schedule
December 31, 2011 and 2010 and for the
Year Ended December 31, 2011
| Page | ||
| 4 | ||
| Audited Financial Statements: |
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| 5 | ||
| 6 | ||
| 7 | ||
| Supplemental Schedule: |
||
| Schedule H, Line 4i – Schedule of Assets (Held at End of Year) – December 31, 2011 |
18 | |
3
Report of Independent Registered Public Accounting Firm
To the Pension Committee of
ATH Holding Company, LLC
We have audited the accompanying statements of net assets available for benefits of the WellPoint 401(k) Retirement Savings Plan (the “Plan”) as of December 31, 2011 and 2010, and the related statement of changes in net assets available for benefits for the year ended December 31, 2011. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2011 and 2010, and the changes in its net assets available for benefits for the year ended December 31, 2011, in conformity with U.S. generally accepted accounting principles.
Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2011, is presented for the purpose of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan’s management. The information has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
Indianapolis, Indiana
June 22, 2012
4
WellPoint 401(k) Retirement Savings Plan
Statements of Net Assets Available for Benefits
| December 31 | ||||||||
| 2011 | 2010 | |||||||
| Assets |
||||||||
| Investments at fair value |
$ | 3,253,069,311 | $ | 3,205,669,956 | ||||
| Receivables: |
||||||||
| Contribution receivable from employer |
8,225,980 | 12,576,490 | ||||||
| Contribution receivable from participants |
20,075 | 44,042 | ||||||
| Notes receivable from participants |
127,119,066 | 123,500,584 | ||||||
| Due to broker for investment transactions, net |
(2,000 | ) | — | |||||
|
|
|
|
|
|||||
| Net assets available for benefits |
$ | 3,388,432,432 | $ | 3,341,791,072 | ||||
|
|
|
|
|
|||||
See accompanying notes.
5
WellPoint 401(k) Retirement Savings Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2011
| Additions |
||||
| Investment income: |
||||
| Interest and dividends |
$ | 66,783,861 | ||
| Interest income on notes receivable from participants |
5,980,801 | |||
| Contributions: |
||||
| Participants |
180,982,990 | |||
| Rollovers |
8,401,834 | |||
| Employer |
89,538,126 | |||
|
|
|
|||
| Total additions |
351,687,612 | |||
| Deductions |
||||
| Net depreciation in fair value of investments |
44,771,964 | |||
| Benefit payments and withdrawals |
258,634,744 | |||
| Administrative fees |
1,639,544 | |||
|
|
|
|||
| Total deductions |
305,046,252 | |||
|
|
|
|||
| Net increase in net assets available for benefits |
46,641,360 | |||
| Net assets available for benefits at beginning of year |
3,341,791,072 | |||
|
|
|
|||
| Net assets available for benefits at end of year |
$ | 3,388,432,432 | ||
|
|
|
|||
See accompanying notes.
6
WellPoint 401(k) Retirement Savings Plan
December 31, 2011
1. Description of the Plan
General
The WellPoint 401(k) Retirement Savings Plan (the “Plan”) is a defined-contribution plan, which was established to provide savings opportunities for employees of WellPoint, Inc. (“WellPoint”) and certain of its subsidiaries (the “Participating Employers”). Employees of the Participating Employers are generally eligible to participate upon employment. The Plan Sponsor is ATH Holding Company, LLC, a wholly owned subsidiary of WellPoint, Inc. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
Participant Accounts
Individual accounts are maintained by the Plan for each eligible employee who participates in the Plan (“Participant”). Each Participant’s account is credited with the Participant’s contributions, allocations of the Plan Sponsor’s contributions, and an allocation of Plan earnings or losses, reduced by Participant withdrawals and certain administrative fees. Participant accounts are Participant directed. Forfeited balances of terminated Participants’ nonvested accounts are used to reduce future Plan Sponsor contributions. The benefit to which a Participant is entitled is the benefit that can be provided from the Participant’s account.
Contributions
Participants may make voluntary pretax contributions of 1% to 60% of eligible compensation annually, as defined in the Plan document, subject to limitations imposed by applicable Internal Revenue Service (“IRS”) regulations. Eligible employees who do not make an election within 30 days of their date of hire are automatically enrolled in the Plan for pretax contributions of 4% of eligible compensation. After the Participant has completed one year of service, the Plan Sponsor will match up to 100% of the first 3% of the Participant’s eligible compensation contributed, then 50% of the next 2% of the Participant’s eligible compensation contributed, for a total Plan Sponsor match potential of 4%. Prior to January 1, 2011, the Plan Sponsor matched up to 100% of the first 6% of the Participant’s eligible compensation. The Plan Sponsor match is contributed as a pretax contribution.
Participants who attain age 50 by the end of the plan year may elect to contribute additional amounts to their account as permitted by the Economic Growth and Tax Relief Reconciliation Act of 2001 and as provided by the Plan. A “catch-up contribution” enables Participants to contribute additional funds beyond the regular IRS limits as they near retirement. Catch-up contributions are not eligible for matching contributions.
7
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Contributions (continued)
Participants direct their elective contributions into various investment options offered by the Plan, including the WellPoint Stock Fund and a brokerage option account. Generally, Participants are permitted to change investment options daily. Plan Sponsor contributions are allocated in the same manner as that of the Participant’s elective contributions.
Vesting
Active Participants are immediately 100% vested in employee and employer contributions and any earnings thereon. Participants in former plans of acquired companies who were not active employees at the date the plans were merged into the Plan may be subject to separate vesting schedules on former plan employer contributions.
Benefit Payments and Withdrawals
An active Participant in the Plan may make a complete or partial in-service hardship withdrawal of the amounts held in the Participant’s account attributable to the Participant’s pretax contributions, rollovers, pre-2006 employer match, and income allocated to the pretax contribution account. The in-service hardship withdrawal must be necessary in light of an immediate and heavy financial need of the Participant due to one of six causes specified by the Plan, and the Participant shall have obtained all other withdrawals and nontaxable loans provided by the Plan.
Participant contributions to the Participant’s pretax account are suspended for the six months following a hardship withdrawal from a Participant’s pretax account. A Participant may make a withdrawal of voluntary after-tax contributions at any time. Additionally, after attaining age 59 1/2, a Participant may withdraw Participant and Plan Sponsor contributions for any reason.
Upon termination of employment, the Participant is entitled to receive the fully vested current value of his or her account. If the current value of the vested account is less than $1,000, the account is paid in a lump-sum payment. If the vested account value is more than $1,000 but less than $5,000, the account will be rolled over into an IRA unless the Participant elects otherwise. If the vested account value is more than $5,000, the account will remain in the Plan unless the Participant elects otherwise. The Participant may elect to have the entire portion, if any, of the account held in the WellPoint Stock Fund paid in whole shares of WellPoint common stock, with fractional shares and any uninvested funds paid in cash. Participant accounts must be distributed by the year following the later of retirement or attainment of age 70 1/2. Upon death, payments are made to the Participant’s beneficiary in the form of a lump-sum payment or in installments.
8
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Participant Loans
Participants may request a loan not in excess of the lesser of: (1) 50% of the vested account balance, or (2) $50,000, less the highest outstanding loan balance during the preceding year. Repayment of loans shall not exceed five years, except for loans used to acquire the Participant’s principal residence. Each loan bears interest equal to the prime lending rate plus 1% as listed by Reuters on the last business day of the month prior to the month the loan is requested and is set on the day the loan is approved. Repayments are made by payroll deduction. Participants may have no more than three loans outstanding at any one time.
Forfeitures
Forfeitures of terminated nonvested account balances totaling $192,576 and $131,929 remained in the Plan as of December 31, 2011 and 2010, respectively. Forfeitures of $14,093 were used to reduce Plan Sponsor contributions during 2011.
Plan Termination
Although it has not expressed any intent to do so, the Plan Sponsor has the right to terminate the Plan subject to the terms of ERISA. In the event the Plan is terminated, each Participant’s account shall be nonforfeitable with respect to both the Participant’s and the Plan Sponsor’s contributions, and the net assets are to be set aside for the payment of withdrawals to the Participants. The Plan Sponsor has the right to amend the Plan or to suspend matching contributions to the Plan at any time, either permanently or temporarily, for any length of time.
Administration of the Plan
Vanguard Fiduciary Trust Company (“Vanguard”) serves as the Plan’s trustee to administer the Plan’s assets. The Vanguard Group, Inc. serves as the Plan’s recordkeeper and provides investment services.
The Plan Sponsor may bear certain costs associated with administering the Plan. These costs are not included in the accompanying financial statements and constitute exempt party-in-interest transactions.
More detailed information concerning the Plan may be found by consulting the summary plan description, which is available from the Plan Sponsor.
9
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
2. Significant Accounting Policies
Basis of Presentation
The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting and are in conformity with U.S. generally accepted accounting principles (“GAAP”). Accordingly, contributions to the Plan and interest and dividend income are recognized as earned, and realized gains and losses and net unrealized appreciation (depreciation) of fair value of investments are recognized as they occur. Plan benefit payments and withdrawals are recognized when paid.
New Accounting Pronouncements
In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements (“ASU 2010-06”), which amends Accounting Standards Codification 820, Fair Value Measurements and Disclosures (“ASC 820”) to require a number of additional disclosures regarding fair value measurements. Effective January 1, 2011, ASU 2010-06 requires that information regarding the purchases, sales, issues and settlements of Level III assets and liabilities be presented on a gross basis. The Plan adopted the amended guidance effective December 31, 2011. The adoption did not have a material effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.
In May 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. (“ASU 2011-04”), which amends ASC 820 to clarify the application of existing fair value measurement and disclosure requirements and to require expanded disclosures regarding fair value measurements. The amended guidance became effective for annual periods beginning after December 15, 2011. The adoption of ASU 2011-04 is not expected to have a material effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.
Use of Estimates
The preparation of financial statements in accordance with GAAP requires the use of estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.
10
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
2. Significant Accounting Policies (continued)
Investment Valuation and Income Recognition
Investments of the Plan are recorded at fair value. See Note 5 for further discussion of fair value measurements.
Purchases and sales of securities are recorded on a trade-date basis and interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.
Notes Receivable from Participants
Notes receivable from participants represent Participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2011 or 2010. If a Participant ceases to make loan repayments and the Plan administrator deems the Participant loan to be a distribution, the Participant loan balance is reduced and a benefit payment is recorded.
11
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
3. Investments
Investments that represent 5% or more of the Plan’s net assets available for benefits as of December 31 were as follows:
| 2011 | 2010 | |||||||
| The Vanguard Group mutual funds: |
||||||||
| Prime Money Market Fund |
$ | 479,224,720 | $ | 470,254,510 | ||||
| Institutional Index Fund |
455,734,903 | 462,061,081 | ||||||
| Total Bond Market Index Fund |
349,565,745 | 329,512,804 | ||||||
| Wellington Fund |
250,267,303 | 241,561,772 | ||||||
| Total International Stock Index Fund |
231,540,946 | 278,962,477 | ||||||
| PRIMECAP Fund |
198,922,424 | 213,892,637 | ||||||
| Extended Market Index Fund |
172,727,190 | 186,856,749 | ||||||
| Target Retirement 2025 Fund |
170,356,142 | * | ||||||
| WellPoint Stock Fund |
207,374,009 | 184,228,378 | ||||||
| * | Does not represent 5% or more of the Plan’s net assets available for benefits for this period. |
During the year ended December 31, 2011, the Plan’s investments, including investments bought, sold, and held during the year, appreciated (depreciated) as follows:
| Mutual funds |
$ | (75,339,803 | ) | |
| WellPoint Stock Fund |
30,567,839 | |||
|
|
|
|||
| Net depreciation of investments |
$ | (44,771,964 | ) | |
|
|
|
Prior to December 31, 2010, the Plan maintained the Custom Blended Fund. The assets of the Custom Blended Fund consisted of a group annuity contract with Principal Life Insurance Company and cash equivalents held in the Vanguard Group Prime Money Market Fund (the “Prime MM Fund”). The annuity was paid to the Plan in annual installments through December 31, 2010, with proceeds reinvested in the Prime MM Fund.
4. Employee Stock Ownership Plan (ESOP)
Effective August 15, 2011, the Plan was amended to designate the portion of a Participant’s account held in the WellPoint Stock Fund as an ESOP and the account is considered an eligible individual account plan as defined by ERISA. WellPoint, Inc. common stock is purchased by the ESOP using Participant directed contributions. Each Participant is entitled to exercise voting rights attributable to the shares allocated to his or her account.
12
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
4. Employee Stock Ownership Plan (ESOP) (continued)
Put Option
In accordance with IRS regulations, WellPoint, Inc. stock that ceases to be readily tradable on an established market includes a put option for any Participant who is otherwise entitled to a total distribution from the Plan. The put option is the right to require that the Plan Sponsor repurchase the WellPoint stock credited to the Participant’s account under a fair valuation formula. The distribution may be paid with interest over a period of not more than five years.
Dividends Paid on WellPoint, Inc. Stock
Any cash dividends paid to the Participant’s account will be reinvested in the WellPoint Stock Fund unless the Participant elects to receive the dividend in cash paid directly to the Participant. Participants may change their election to receive dividends in cash or to reinvest dividends at least quarterly.
5. Fair Value of Investments
ASC 820, defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and requires certain disclosures about fair value measurements.
Investments recorded at fair value in the statements of net assets available for benefits are categorized based on the level of judgment associated with the inputs used to measure their fair value. Level inputs, as defined by ASC 820, are as follows:
| Level Input: |
Input Definition: | |
| Level I |
Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date. | |
| Level II |
Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date. | |
| Level III |
Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. | |
Transfers between Levels, if any, are recorded as of the date the transfer occurred.
13
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
5. Fair Value of Investments (continued)
The asset’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used maximize the use of observable inputs and minimize the use of unobservable inputs.
The following methods and assumptions were used to determine the fair value of investments recorded at fair value in the statements of net assets available for benefits.
Mutual funds: Valued at quoted market prices, which represent net asset value (“NAV”), of shares held by the Plan at year end.
Equity securities: Valued at the quoted market price reported on the active market on which the individual securities are traded on the last business day of the plan year.
The WellPoint Stock Fund is a unitized fund that invests in WellPoint, Inc. common stock. A portion of the fund may also be invested in short-term reserves to accommodate daily transactions. WellPoint common stock is valued at the closing price on the New York Stock Exchange on the last business day of the year.
Group annuity contract: Valued at fair value by discounting the related cash flows based on the guaranteed yield to maturity of the contract. As of December 31, 2010, all funds invested in the group annuity contract were transferred to Vanguard, thus all funds have now been moved to the Prime MM Fund, a mutual fund.
Life insurance contracts: Valued at the cash surrender value of the policies as reported by the insurer.
14
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
5. Fair Value of Investments (continued)
A summary of fair value measurements by level for investments measured at fair value on a recurring basis is as follows:
| Level I | Level II | Level III | Total | |||||||||||||
| December 31, 2011 |
||||||||||||||||
| Mutual funds: |
||||||||||||||||
| Money market |
$ | 481,667,380 | $ | — | $ | — | $ | 481,667,380 | ||||||||
| Domestic equities |
1,453,072,152 | — | — | 1,453,072,152 | ||||||||||||
| International equities |
234,464,926 | — | — | 234,464,926 | ||||||||||||
| Fixed income |
382,292,688 | — | — | 382,292,688 | ||||||||||||
| Life cycle |
494,085,295 | — | — | 494,085,295 | ||||||||||||
| Equity securities |
32,558 | — | — | 32,558 | ||||||||||||
| WellPoint Stock Fund |
— | 207,374,009 | — | 207,374,009 | ||||||||||||
| Life insurance contracts |
— | — | 80,303 | 80,303 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
$ | 3,045,614,999 | $ | 207,374,009 | $ | 80,303 | $ | 3,253,069,311 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Level I | Level II | Level III | Total | |||||||||||||
| December 31, 2010 |
||||||||||||||||
| Mutual funds: |
||||||||||||||||
| Money market |
$ | 472,483,500 | $ | — | $ | — | $ | 472,483,500 | ||||||||
| Domestic equities |
1,489,281,557 | — | — | 1,489,281,557 | ||||||||||||
| International equities |
282,393,643 | — | — | 282,393,643 | ||||||||||||
| Fixed income |
336,446,024 | — | — | 336,446,024 | ||||||||||||
| Life cycle |
440,709,830 | — | — | 440,709,830 | ||||||||||||
| Equity securities |
48,021 | — | — | 48,021 | ||||||||||||
| WellPoint Stock Fund |
— | 184,228,378 | — | 184,228,378 | ||||||||||||
| Life insurance contracts |
— | — | 79,003 | 79,003 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total |
$ | 3,021,362,575 | $ | 184,228,378 | $ | 79,003 | $ | 3,205,669,956 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
15
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
5. Fair Value of Investments (continued)
A reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level III inputs for the years ended December 31, 2011 and 2010 is as follows:
| Group Annuity Contract |
Life Insurance Contracts |
|||||||
| Year ended December 31, 2011: |
||||||||
| Beginning balance at January 1, 2011 |
$ | — | $ | 79,003 | ||||
| Unrealized gains relating to assets held at end of year |
— | 777 | ||||||
| Purchases |
— | 523 | ||||||
|
|
|
|
|
|||||
| Ending balance at December 31, 2011 |
$ | — | $ | 80,303 | ||||
|
|
|
|
|
|||||
| Year ended December 31, 2010: |
||||||||
| Beginning balance at January 1, 2010 |
$ | 12,211,821 | $ | 85,952 | ||||
| Interest income |
423,787 | — | ||||||
| Distributions |
— | (6,949 | ) | |||||
| Dispositions |
(12,635,608 | ) | — | |||||
|
|
|
|
|
|||||
| Ending balance at December 31, 2010 |
$ | — | $ | 79,003 | ||||
|
|
|
|
|
|||||
There were no transfers between Levels I and II during 2011 or 2010. The group annuity contract annual installment received December 31, 2010 was invested in the Prime MM Fund and is shown as a disposition.
6. Related-Party Transactions
As of December 31, 2011, the Plan owned approximately 3,091,873 shares of WellPoint common stock with a fair value of $204,836,586. During 2011, the Plan had net sales of WellPoint common stock totaling $8,662,157. Purchases related to dividends reinvested are excluded from the net sales amount.
16
WellPoint 401(k) Retirement Savings Plan
Notes to Financial Statements (continued)
7. Income Tax Status
The Plan has received a determination letter from the IRS dated March 12, 2009, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the “Code”) and, therefore, the related trust is exempt from taxation under Section 501(a) of the Code. Subsequent to the issuance of the favorable determination letter, the Plan has been amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan Sponsor has indicated it will take any necessary steps to bring the Plan’s operations into compliance with the Code.
GAAP requires plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2011, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions.
17
WellPoint 401(k) Retirement Savings Plan
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)
December 31, 2011
| EIN: 11-3713086 | ||||||||
| Plan Number: 003 | ||||||||
| (a) | (b) | (c) | (e) | |||||
| Identity of issuer, borrower, lessor, or similar party |
Description of investment including maturity date, interest rate, collateral and par or maturity value |
Current Value |
||||||
| Shares of registered investment companies |
||||||||
| * Dimensional Fund Advisors |
US Vector Portfolio | $ | 96,920,710 | |||||
| * Touchstone Sands Capital |
Select Growth Fund Class Y | 70,267,895 | ||||||
| * The Vanguard Group Mutual Funds |
||||||||
| Prime Money Market Fund | 479,224,720 | |||||||
| Institutional Index Fund | 455,734,903 | |||||||
| Total Bond Market Index Fund Investor Shares | 349,565,745 | |||||||
| Wellington Fund Investor Shares | 250,267,303 | |||||||
| Total International Stock Index Fund | 231,540,946 | |||||||
| PRIMECAP Fund Investor Shares | 198,922,424 | |||||||
| Extended Market Index Fund Investor Shares | 172,727,190 | |||||||
| Target Retirement 2025 Fund | 170,356,142 | |||||||
| Windsor II Fund Investor Shares | 119,378,696 | |||||||
| Target Retirement 2035 Fund | 113,382,777 | |||||||
| Target Retirement 2015 Fund | 97,291,340 | |||||||
| Explorer Fund Investor Shares | 74,544,933 | |||||||
| Target Retirement 2045 Fund | 54,060,318 | |||||||
| Inflation-Protected Securities Fund Investor Shares | 29,205,433 | |||||||
| Target Retirement Income | 27,760,399 | |||||||
| Target Retirement 2020 Fund | 13,139,969 | |||||||
| Target Retirement 2030 Fund | 5,632,352 | |||||||
| Target Retirement 2010 Fund | 4,698,562 | |||||||
| Target Retirement 2040 Fund | 3,443,144 | |||||||
| Target Retirement 2050 Fund | 2,082,408 | |||||||
| Target Retirement 2005 Fund | 2,015,477 | |||||||
| Target Retirement 2055 Fund | 222,405 | |||||||
|
|
|
|||||||
| 3,022,386,191 | ||||||||
18
WellPoint 401(k) Retirement Savings Plan
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)
December 31, 2011
| EIN: 11-3713086 | ||||||||
| Plan Number: 003 | ||||||||
| (a) | (b) | (c) | (e) | |||||
| Identity of issuer, borrower, lessor, or similar party |
Description of investment including maturity date, interest rate, collateral and Par or maturity value |
Current value |
||||||
| * WellPoint Stock Fund |
207,374,009 | |||||||
| Brokerage Option Accounts |
23,228,808 | |||||||
| * Notes receivable from participants |
Interest rates range from 4.0% to 10.5% | 127,119,066 | ||||||
| American Mayflower Life Insurance Company |
Individual life insurance cash surrender values | 80,303 | ||||||
|
|
|
|||||||
| $ | 3,380,188,377 | |||||||
|
|
|
|||||||
| * | Party-in-Interest |
Note: As all investments are participant directed, column (d) is not applicable and has been eliminated.
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SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Pension Committee of ATH Holding Company, LLC has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
| WELLPOINT 401(k) RETIREMENT SAVINGS PLAN | ||||
| By: | /s/ Randal L. Brown | |||
| Randal L. Brown | ||||
| Chairman of the Pension Committee of ATH Holding Company, LLC | ||||
Date: June 22, 2012
EXHIBIT INDEX
| Exhibit Number |
Description | |
| 23 | Consent of Independent Registered Public Accounting Firm | |
20