Retirement plan

BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN

Name: BLUE CROSS BLUE SHIELD OF MI - BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN (2018) Form 5500
Creator: BLUE CROSS BLUE SHIELD OF MI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN, BLUE CROSS BLUE SHIELD OF MI

BLUE CROSS BLUE SHIELD OF MIEIN 38-2069753Plan #001PY 2018

600 LAFAYETTE EAST, MAIL CODE 1801 - DETROIT, MI 482262998313-225-9000bcbsm.comLinkedIn5001-10000 employeesinsurance

Other plans on this EIN

3 filings

#003Retirement-$846.4M assets #002Retirement-$588.5M assets #004Retirement-$111.2M assets

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$725.6M

-3.8% from 2016

Total participants

10,492

-6.0% from 2016

Average account balance

No prior year

Annual return

-6.76%

-7.70 pp from 2016

Benchmarks

See 36 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants5,000-9,999

Cohort36 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$893.44M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

5,046

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$343

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

+2.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 8 by compensation

Provider	Service type	Compensation
WESTERN ASSET MANAGEMENT COMPANY3 years Filed as: WESTERN ASSET MANAGEMENT Service code 28 · EIN 95-2705767	Investment Management	$473,801
SNYDER CAPITAL MANAGEMENT3 years Filed as: SNYDER CAPITAL Service code 28 · EIN 04-3370184	Investment Management	$254,434
NISA INVESTMENT ADVISORS, LLC3 years Filed as: NISA Service code 28 150 MERAMEC AVE · ST LOUIS, MO 63105	Investment Management	$219,525
WILLIS TOWERS WATSON US LLC4+ years Filed as: TOWERS WATSON DELAWARE INC Service code 11 · EIN 53-0181291	Actuarial	$164,771
HEWITT ASSOCIATES LLC3 years Filed as: HEWITT CONSULTING Service code 17 · EIN 36-2235791	Pension Consulting	$128,718
GEORGE JOHNSON & COMPANY4+ years Service code 10 · EIN 38-2029668	Accounting	$124,917
LOOMIS SAYLES3 years Filed as: LOOMIS SAYLES & CO LP Service code 28 · EIN 04-3200030	Investment Management	$101,365
STATE STREET GLOBAL ADVISORS4+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 18 · EIN 04-1867445	Recordkeeping fees; Other fees; Trust...	$76,711

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1C

Plan features

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).

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

$4.2M

$658 / participant

Other / not subdivided$4M100.0%

% of EOY assets

0.578%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GEORGE JOHNSON AND COMPANY
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$379,314-100.0%

Participation rate

0.0%

0.0%0pp

17.4%-17.4pp

0.0%0pp

Annual return

-6.76%

-1.92%-4.8pp

-2.18%-4.6pp

73.13%-79.9pp

Employer contribution / active EE

$2,433

$10,821-77.5%

$38,751-93.7%

$8,421-71.1%

Participant deferral / active EE

$182-100.0%

$151-100.0%

$293-100.0%

Admin fee / account holder

$4,180-100.0%

Provider

Service type

Compensation

WESTERN ASSET MANAGEMENT COMPANY3 years

Filed as: WESTERN ASSET MANAGEMENT

Service code 28 · EIN 95-2705767

Investment Management

$473,801

SNYDER CAPITAL MANAGEMENT3 years

Filed as: SNYDER CAPITAL

Service code 28 · EIN 04-3370184

Investment Management

$254,434

NISA INVESTMENT ADVISORS, LLC3 years

Filed as: NISA

Service code 28

150 MERAMEC AVE · ST LOUIS, MO 63105

Investment Management

$219,525

WILLIS TOWERS WATSON US LLC4+ years

Filed as: TOWERS WATSON DELAWARE INC

Service code 11 · EIN 53-0181291

Actuarial

$164,771

HEWITT ASSOCIATES LLC3 years

Filed as: HEWITT CONSULTING

Service code 17 · EIN 36-2235791

Pension Consulting

$128,718

GEORGE JOHNSON & COMPANY4+ years

Service code 10 · EIN 38-2029668

Accounting

$124,917

LOOMIS SAYLES3 years

Filed as: LOOMIS SAYLES & CO LP

Service code 28 · EIN 04-3200030

Investment Management

$101,365

STATE STREET GLOBAL ADVISORS4+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 18 · EIN 04-1867445

Recordkeeping fees; Other fees; Trust...

$76,711

BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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