Retirement plan

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF VERMONT

Name: BLUE CROSS AND BLUE SHIELD OF VERMONT - NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF VERMONT (2024) Form 5500
Creator: BLUE CROSS AND BLUE SHIELD OF VERMONT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF VERMONT, BLUE CROSS AND BLUE SHIELD OF VERMONT

BLUE CROSS AND BLUE SHIELD OF VERMONTEIN 03-0277307Plan #001PY 2024

445 INDUSTRIAL LANE - BERLIN, VT 05602802-223-6131bcbsvt.comLinkedIn201-500 employeesinsurance

Other plans on this EIN

1 filing

#003Retirement-$92.9M assets

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$64M

-8.7% from 2016

Total participants

658

-3.6% from 2016

Average account balance

No prior year

Annual return

2.16%

-8.19 pp from 2016

Benchmarks

See 158 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants250-999

Cohort158 peers

Snapshot2024

Participant deferral / active EE

median $0

Employer contribution / active EE

$2,364

median $8,252

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

2.16%

median 8.39%

Overall peer rank

14of 100

14th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$63.96M

Average account balance

Total assets / participants with a balance (line 6g)

$97K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

353

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$721K

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.16%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
BLUE CROSS BLUE SHIELD ASSOCIATION9 years Service code 14 · EIN 13-5656874	Plan Administrator	$92,118
MERCER3 years Filed as: MERCER INVESTMENT Service code 51 · EIN 30-0282430	Investment Mgmt Fees	$76,247
AON CONSULTING10+ years Filed as: AON CONSULTING, INC. Service code 11 · EIN 22-2232264	Actuarial	$39,000
NORTHERN TRUST COMPANY1 year Filed as: NORTHERN TRUST CO Service code 21 · EIN 36-1561860	Bank Trustee	$19,658
L & S VENTURES LLC5 years Service code 17 · EIN 75-3238476	Pension Consulting	$10,331
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 33-1498605	Accounting	$8,177

Enrolled actuary

1 attachment

MEGHAN KLOKE

AON CONSULTING, INC

Enrollment #2309071

MSC# 17755

PO BOX 551343

ATLANTA, GA 30355

(630) 329-5772

Signed 2025-09-04

Plan features & details

Pension benefit codes1A1C1I3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$326K

$1070 / participant

Recordkeeping$16K4.8%
Trustee / custodial$20K6.0%
Investment mgmt$76K23.4%
Legal$4K1.2%
Actuarial$39K12.0%
Contract admin$92K28.2%
Other / not subdivided$80K24.5%

% of EOY assets

0.510%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $11,866
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$325,553-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

2.16%

8.04%-5.9pp

9.17%-7.0pp

8.76%-6.6pp

Employer contribution / active EE

$2,364

$10,583-77.7%

$40,523-94.2%

$16,664-85.8%

Participant deferral / active EE

$225-100.0%

$42-100.0%

$948-100.0%

Admin fee / account holder

$17,411-100.0%

Provider

Service type

Compensation

BLUE CROSS BLUE SHIELD ASSOCIATION9 years

Service code 14 · EIN 13-5656874

Plan Administrator

$92,118

MERCER3 years

Filed as: MERCER INVESTMENT

Service code 51 · EIN 30-0282430

Investment Mgmt Fees

$76,247

AON CONSULTING10+ years

Filed as: AON CONSULTING, INC.

Service code 11 · EIN 22-2232264

Actuarial

$39,000

NORTHERN TRUST COMPANY1 year

Filed as: NORTHERN TRUST CO

Service code 21 · EIN 36-1561860

Bank Trustee

$19,658

L & S VENTURES LLC5 years

Service code 17 · EIN 75-3238476

Pension Consulting

$10,331

PLANTE & MORAN, PLLC1 year

Service code 10 · EIN 33-1498605

Accounting

$8,177

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF VERMONT

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

MEGHAN KLOKE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF VERMONT

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

MEGHAN KLOKE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion