Retirement plan

HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN

Name: HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY - HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN, HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY

HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEYEIN 22-0999690Plan #003PY 2023

THREE PENN PLAZA EAST PP 15A - NEWARK, NJ 07105973-466-4000horizonblue.comLinkedIn5001-10000 employeesinsurance

Other plans on this EIN

1 filing

#005Retirement-$223.8M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$1358.4M

-12.5% from 2016

Total participants

6,802

-6.2% from 2016

Average account balance

$199,827

-6.6% from 2016

Annual return

18.28%

-8.19 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.54B

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

6,957

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-173

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$457,547
CAPFINANCIAL PARTNERS LLC9+ years Filed as: CAPFINANCIAL PARTNERS, LLC. Service code 27 · EIN 26-0058143	Advisory (Plan)	$99,500
EISNERAMPER LLP1 year Service code 10 · EIN 87-1363769	Accounting	$35,805
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY DOMESTIC HOLDINGS Service code 27 · EIN 20-8764829	Advisory (Plan)	$22,500
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$1,279,141

Plan features & details

Pension benefit codes2F2G2J2K2S2T2E

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

-$664K

$-125 / participant

Investment mgmt$458K0.0%
Contract admin$2K0.0%

% of EOY assets

-0.049%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,827

$129,756+54.0%

$170,055+17.5%

$103,657+92.8%

Participation rate

99.9%

91.3%+8.7pp

87.0%+12.9pp

73.4%+26.5pp

Annual return

18.28%

20.17%-1.9pp

53.43%-35.1pp

33.13%-14.9pp

Employer contribution / active EE

$6,800

$5,236+29.9%

$6,790+0.1%

$3,216+111.5%

Participant deferral / active EE

$8,957

$8,283+8.1%

$10,410-14.0%

$5,218+71.7%

Admin fee / account holder

-$98

$73-234.0%

$12,828-100.8%

$114-185.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$457,547

CAPFINANCIAL PARTNERS LLC9+ years

Filed as: CAPFINANCIAL PARTNERS, LLC.

Service code 27 · EIN 26-0058143

Advisory (Plan)

$99,500

EISNERAMPER LLP1 year

Service code 10 · EIN 87-1363769

Accounting

$35,805

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY DOMESTIC HOLDINGS

Service code 27 · EIN 20-8764829

Advisory (Plan)

$22,500

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$1,279,141

HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN

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