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 (2021) 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 2021

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

Other plans on this EIN

1 filing

#003Retirement-$84.6M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$48M

-8.7% from 2016

Total participants

683

-3.6% from 2016

Average account balance

No prior year

Annual return

10.03%

-8.19 pp from 2016

Benchmarks

See 202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants250-999

Cohort202 peers

Snapshot2021

Participant deferral / active EE

median $0

Employer contribution / active EE

$7,267

median $10,614

Participation rate

0.0%

median 0.0%

Avg account balance

median $2,328,174

Admin fee / account holder

median $4,266

Annual return

10.03%

median 11.50%

Overall peer rank

31of 100

31st 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 of 11 by compensation

Provider	Service type	Compensation
BARTLIT BECK LLP2 years Service code 29 · EIN 36-3909157	Legal	$111,550
AON CONSULTING7+ years Filed as: AON CONSULTING, INC. Service code 11 · EIN 22-2232264	Actuarial	$69,489
BLUE CROSS BLUE SHIELD ASSOCIATION6 years Service code 14 · EIN 13-5656874	Plan Administrator	$47,259
BLACKROCK2 years Service code 28 · EIN 94-3112180	Investment Management	$32,043
NORTHERN TRUST COMPANY7+ years Service code 21 · EIN 36-1561860	Bank Trustee	$13,795
CAPITAL MARKET RISK ADVISORS1 year Service code 29 · EIN 47-4660619	Legal	$12,950
NOMURA CORPORATE RESEARCH AND ASSET2 years Filed as: NOMURA CORPORATION RESEARCH ASSET Service code 28 · EIN 13-3607885	Investment Management	$12,292
L & S VENTURES LLC2 years Service code 17 · EIN 75-3238476	Pension Consulting	$11,797
GRANT THORNTON LLP2 years Service code 10 · EIN 36-6055558	Accounting	$5,994
BROOKFIELD2 years Filed as: BROOKFIELD US INC. Service code 28 · EIN 22-3335453	Investment Management	$5,347

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 2022-09-12

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$340K

$988 / participant

Investment mgmt$50K14.6%
Contract admin$47K13.9%
Other / not subdivided$243K71.5%

% of EOY assets

0.708%

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

$2,098,847-100.0%

$454,052-100.0%

$1,472,696-100.0%

Participation rate

0.0%

4.8%-4.8pp

18.4%-18.4pp

0.7%-0.7pp

Annual return

10.03%

11.84%-1.8pp

8.95%+1.1pp

13.24%-3.2pp

Employer contribution / active EE

$7,267

$12,426-41.5%

$46,559-84.4%

$14,616-50.3%

Participant deferral / active EE

$614-100.0%

$131-100.0%

$830-100.0%

Admin fee / account holder

$3,320-100.0%

$19,831-100.0%

$4,137-100.0%

Provider

Service type

Compensation

BARTLIT BECK LLP2 years

Service code 29 · EIN 36-3909157

Legal

$111,550

AON CONSULTING7+ years

Filed as: AON CONSULTING, INC.

Service code 11 · EIN 22-2232264

Actuarial

$69,489

BLUE CROSS BLUE SHIELD ASSOCIATION6 years

Service code 14 · EIN 13-5656874

Plan Administrator

$47,259

BLACKROCK2 years

Service code 28 · EIN 94-3112180

Investment Management

$32,043

NORTHERN TRUST COMPANY7+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$13,795

CAPITAL MARKET RISK ADVISORS1 year

Service code 29 · EIN 47-4660619

Legal

$12,950

NOMURA CORPORATE RESEARCH AND ASSET2 years

Filed as: NOMURA CORPORATION RESEARCH ASSET

Service code 28 · EIN 13-3607885

Investment Management

$12,292

L & S VENTURES LLC2 years

Service code 17 · EIN 75-3238476

Pension Consulting

$11,797

GRANT THORNTON LLP2 years

Service code 10 · EIN 36-6055558

Accounting

$5,994

BROOKFIELD2 years

Filed as: BROOKFIELD US INC.

Service code 28 · EIN 22-3335453

Investment Management

$5,347

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