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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$72.1M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$45.5M

-8.7% from 2016

Total participants

684

-3.6% from 2016

Average account balance

No prior year

Annual return

-52.03%

-8.19 pp from 2016

Benchmarks

See 221 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants250-999

Cohort221 peers

Snapshot2020

Participant deferral / active EE

median $0

Employer contribution / active EE

$43,869

median $13,762

Participation rate

0.0%

median 0.0%

Avg account balance

median $1,863,299

Admin fee / account holder

median $4,319

Annual return

-52.03%

median 11.34%

Overall peer rank

33of 100

33rd 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 10 by compensation

Provider	Service type	Compensation
BLUE CROSS BLUE SHIELD ASSOCIATION5 years Service code 14 · EIN 13-5656874	Plan Administrator	$51,863
AON CONSULTING6+ years Filed as: AON CONSULTING, INC. Service code 11 · EIN 22-2232264	Actuarial	$45,714
BARTLIT BECK LLP1 year Service code 29 · EIN 36-3909157	Legal	$38,867
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$18,458
BLACKROCK1 year Service code 28 · EIN 94-3112180	Investment Management	$13,964
NOMURA CORPORATE RESEARCH AND ASSET1 year Filed as: NOMURA CORPORATION RESEARCH ASSET Service code 28 · EIN 13-3607885	Investment Management	$11,525
CORNERSTONE RESEARCH, INC.1 year Filed as: CORNERSTONE RESEARCH,INC. Service code 29 · EIN 94-3092543	Legal	$9,442
L & S VENTURES LLC1 year Service code 17 · EIN 75-3238476	Pension Consulting	$7,882
GRANT THORNTON LLP1 year Service code 10 · EIN 36-6055558	Accounting	$6,441
BROOKFIELD1 year Filed as: BROOKFIELD US INC. Service code 28 · EIN 22-3335453	Investment Management	$5,138

Enrolled actuary

1 attachment

SANDRA D. MCCOY

AON CONSULTING, INC

Enrollment #2006353

200 E. RANDOLPH STREET, FLOOR 14

CHICAGO, IL 60601

(312) 381-5693

Signed 2021-09-16

Plan features & details

Pension benefit codes1A1C3H

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).
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$225K

$612 / participant

Investment mgmt$29K12.9%
Contract admin$52K23.1%
Other / not subdivided$144K64.0%

% of EOY assets

0.493%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,863,299-100.0%

$373,805-100.0%

$2,822,362-100.0%

Participation rate

0.0%

5.0%-5.0pp

19.3%-19.3pp

0.6%-0.6pp

Annual return

-52.03%

9.58%-61.6pp

9.52%-61.5pp

11.45%-63.5pp

Employer contribution / active EE

$43,869

$21,155+107.4%

$41,951+4.6%

$17,219+154.8%

Participant deferral / active EE

$125-100.0%

$18-100.0%

$357-100.0%

Admin fee / account holder

$4,319-100.0%

$1,512-100.0%

$15,480-100.0%

Provider

Service type

Compensation

BLUE CROSS BLUE SHIELD ASSOCIATION5 years

Service code 14 · EIN 13-5656874

Plan Administrator

$51,863

AON CONSULTING6+ years

Filed as: AON CONSULTING, INC.

Service code 11 · EIN 22-2232264

Actuarial

$45,714

BARTLIT BECK LLP1 year

Service code 29 · EIN 36-3909157

Legal

$38,867

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$18,458

BLACKROCK1 year

Service code 28 · EIN 94-3112180

Investment Management

$13,964

NOMURA CORPORATE RESEARCH AND ASSET1 year

Filed as: NOMURA CORPORATION RESEARCH ASSET

Service code 28 · EIN 13-3607885

Investment Management

$11,525

CORNERSTONE RESEARCH, INC.1 year

Filed as: CORNERSTONE RESEARCH,INC.

Service code 29 · EIN 94-3092543

Legal

$9,442

L & S VENTURES LLC1 year

Service code 17 · EIN 75-3238476

Pension Consulting

$7,882

GRANT THORNTON LLP1 year

Service code 10 · EIN 36-6055558

Accounting

$6,441

BROOKFIELD1 year

Filed as: BROOKFIELD US INC.

Service code 28 · EIN 22-3335453

Investment Management

$5,138

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

SANDRA D. MCCOY

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

SANDRA D. MCCOY

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