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 (2020) 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 2020

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

Other plans on this EIN

3 filings

#003Retirement-$1.23B assets #002Retirement-$743.6M assets #004Retirement-$136.9M assets

Prospect flagsLow employer contributionWind-down / frozen

How to read this page

Total assets (EOY)

$1055.8M

-3.8% from 2016

Total participants

11,454

-6.0% from 2016

Average account balance

No prior year

Annual return

8.43%

-7.70 pp from 2016

Benchmarks

See 189 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort189 peers

Snapshot2020

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
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 17 · EIN 04-2647786	Pension Consulting	$617,092
WESTERN ASSET MANAGEMENT COMPANY5 years Filed as: WESTERN ASSET MANAGEMENT Service code 28 · EIN 95-2705767	Investment Management	$425,960
NISA INVESTMENT ADVISORS, LLC5 years Filed as: NISA Service code 28 150 MERAMEC AVE · ST LOUIS, MO 63105	Investment Management	$258,923
SNYDER CAPITAL MANAGEMENT5 years Filed as: SNYDER CAPITAL Service code 28 · EIN 04-3370184	Investment Management	$230,810
HEWITT ASSOCIATES LLC5 years Filed as: HEWITT CONSULTING Service code 17 · EIN 36-2235791	Pension Consulting	$166,337
LOOMIS SAYLES5 years Filed as: LOOMIS SAYLES & CO LP Service code 28 · EIN 04-3200030	Investment Management	$124,341
STATE STREET GLOBAL ADVISORS6+ years Filed as: STATE STREET BANK & TRUST COMPANY Service code 18 · EIN 04-1867445	Direct payment from the plan; Trustee...	$90,036
GEORGE JOHNSON & COMPANY6+ years Service code 17 · EIN 38-2029668	Pension Consulting	$25,974

Enrolled actuary

1 attachment

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Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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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.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$3.6M

$539 / participant

Other / not subdivided$4M100.0%

% of EOY assets

0.341%

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

$373,805-100.0%

Participation rate

0.0%

0.0%0pp

19.3%-19.3pp

0.0%0pp

Annual return

8.43%

5230.06%-5221.6pp

9.52%-1.1pp

5230.06%-5221.6pp

Employer contribution / active EE

$10,491-100.0%

$41,951-100.0%

$10,491-100.0%

Participant deferral / active EE

$460-100.0%

$18-100.0%

$460-100.0%

Admin fee / account holder

$1,512-100.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 17 · EIN 04-2647786

Pension Consulting

$617,092

WESTERN ASSET MANAGEMENT COMPANY5 years

Filed as: WESTERN ASSET MANAGEMENT

Service code 28 · EIN 95-2705767

Investment Management

$425,960

NISA INVESTMENT ADVISORS, LLC5 years

Filed as: NISA

Service code 28

150 MERAMEC AVE · ST LOUIS, MO 63105

Investment Management

$258,923

SNYDER CAPITAL MANAGEMENT5 years

Filed as: SNYDER CAPITAL

Service code 28 · EIN 04-3370184

Investment Management

$230,810

HEWITT ASSOCIATES LLC5 years

Filed as: HEWITT CONSULTING

Service code 17 · EIN 36-2235791

Pension Consulting

$166,337

LOOMIS SAYLES5 years

Filed as: LOOMIS SAYLES & CO LP

Service code 28 · EIN 04-3200030

Investment Management

$124,341

STATE STREET GLOBAL ADVISORS6+ years

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 18 · EIN 04-1867445

Direct payment from the plan; Trustee...

$90,036

GEORGE JOHNSON & COMPANY6+ years

Service code 17 · EIN 38-2029668

Pension Consulting

$25,974

BLUE CROSS BLUE SHIELD OF MI EMPLOYEES' RETIREMENT ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

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

Reportable transactions (Schedule G)

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