Retirement plan

BLUE CROSS & BLUE SHIELD OF RI EMPLOYEE SAVINGS PLAN

Name: BLUE CROSS & BLUE SHIELD OF RI - BLUE CROSS & BLUE SHIELD OF RI EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: BLUE CROSS & BLUE SHIELD OF RI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE CROSS & BLUE SHIELD OF RI EMPLOYEE SAVINGS PLAN, BLUE CROSS & BLUE SHIELD OF RI

BLUE CROSS & BLUE SHIELD OF RIEIN 05-0158952Plan #002PY 2017

500 EXCHANGE STREET - PROVIDENCE, RI 02903401-459-5169bcbsri.comLinkedIn501-1000 employeesinsurance

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 5, 2014 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$206.2M

-3.4% from 2016

Total participants

1,417

+6.8% from 2016

Average account balance

$145,999

-9.5% from 2016

Annual return

13.46%

+11.25 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$270.10M

Not enough data

1 years with asset history on file

Average account balance

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

$179K

Not enough data

1 years with per-participant data

Participants with account balance

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

1,510

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 33 · EIN 04-1590850	Other investment fees and expenses; P...	$118,711
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY WEALTH MGMT Service code 27 · EIN 20-8764829	Advisory (Plan)	$50,111
BLUE CROSS & BLUE SHIELD OF RI3+ years Service code 27	Advisory (Plan)	$49,051
CITRIN COOPERMAN1 year Filed as: CITRIN COOPERMAN & COMPANY LLP Service code 10 · EIN 22-2428965	Accounting	$27,210
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 52-2264646	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD Service code 52 · EIN 52-0794097	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

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

$114K

$145 / participant

Investment mgmt$108K94.7%
Contract admin$6K5.3%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,999

$81,537+79.1%

$149,721-2.5%

$69,634+109.7%

Participation rate

99.4%

86.1%+13.2pp

87.1%+12.3pp

70.7%+28.7pp

Annual return

13.46%

22.79%-9.3pp

1501.67%-1488.2pp

27572.26%-27558.8pp

Employer contribution / active EE

$5,156

$3,239+59.2%

$5,444-5.3%

$2,032+153.7%

Participant deferral / active EE

$8,216

$4,994+64.5%

$6,568+25.1%

$3,224+154.9%

Admin fee / account holder

$81

$107-24.3%

$11,282-99.3%

$110-26.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 33 · EIN 04-1590850

Other investment fees and expenses; P...

$118,711

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY WEALTH MGMT

Service code 27 · EIN 20-8764829

Advisory (Plan)

$50,111

BLUE CROSS & BLUE SHIELD OF RI3+ years

Service code 27

Advisory (Plan)

$49,051

CITRIN COOPERMAN1 year

Filed as: CITRIN COOPERMAN & COMPANY LLP

Service code 10 · EIN 22-2428965

Accounting

$27,210

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-2264646

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD

Service code 52 · EIN 52-0794097

Indirect Investment Fees

BLUE CROSS & BLUE SHIELD OF RI EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS & BLUE SHIELD OF RI EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

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