Retirement plan

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES' RETIREMENT INCOME PLAN

Name: BLUE CROSS BLUE SHIELD OF MICHIGAN - BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES' RETIREMENT INCOME PLAN (2022) Form 5500
Creator: BLUE CROSS BLUE SHIELD OF MICHIGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES' RETIREMENT INCOME PLAN, BLUE CROSS BLUE SHIELD OF MICHIGAN

BLUE CROSS BLUE SHIELD OF MICHIGANEIN 38-2069753Plan #002PY 2022

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

Other plans on this EIN

3 filings

#003Retirement-$1.09B assets #001Retirement-$882.9M assets #004Retirement-$102.8M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$656.4M

-11.2% from 2016

Total participants

7,272

-1.8% from 2016

Average account balance

No prior year

Annual return

-17.50%

-11.19 pp from 2016

Benchmarks

See 115 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort115 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$650.50M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

5,959

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

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.00%

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 10 of 12 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 17 · EIN 04-2647786	Pension Consulting	$498,298
ARROWSTREET CAPITAL1 year Service code 28 · EIN 98-0652482	Investment Management	$338,380
SNYDER CAPITAL MANAGEMENT7 years Filed as: SNYDER CAPITAL Service code 28 · EIN 04-3370184	Investment Management	$261,272
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN Service code 24 · EIN 13-4994650	Discretionary Trustee	$229,086
WESTERN ASSET MANAGEMENT COMPANY7 years Filed as: WESTERN ASSET MANAGEMENT Service code 28 · EIN 95-2705767	Investment Management	$194,969
LEGAL & GENERAL INVESTMENT1 year Filed as: LEGAL & GENERAL INV. CO. Service code 28 · EIN 20-8058531	Investment Management	$99,198
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET BANK & TRUST COMPANY Service code 18 · EIN 04-1867445	Custodial (other than securities); In...	$85,624
NISA INVESTMENT ADVISORS, LLC1 year Service code 28 · EIN 48-1140940	Investment Management	$64,404
HEWITT ASSOCIATES LLC7 years Filed as: HEWITT CONSULTING Service code 17 · EIN 36-2235791	Pension Consulting	$63,994
FRANKLIN TEMPLETON1 year Service code 28 · EIN 94-3411725	Investment Management	$57,965

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1B1C

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).
1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
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

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$6.8M

$4521 / participant

Other / not subdivided$7M100.0%

% of EOY assets

1.033%

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: GJC CPA'S & ADVISORS
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,256-100.0%

$788,447-100.0%

$2,456,633-100.0%

Participation rate

0.0%

14.3%-14.3pp

21.4%-21.4pp

1.5%-1.5pp

Annual return

-17.50%

-6.02%-11.5pp

-3.21%-14.3pp

23.41%-40.9pp

Employer contribution / active EE

$50,033

$11,241+345.1%

$46,051+8.6%

$12,650+295.5%

Participant deferral / active EE

$120-100.0%

$31-100.0%

$1,474-100.0%

Admin fee / account holder

$625-100.0%

$46,258-100.0%

$14,884-100.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 17 · EIN 04-2647786

Pension Consulting

$498,298

ARROWSTREET CAPITAL1 year

Service code 28 · EIN 98-0652482

Investment Management

$338,380

SNYDER CAPITAL MANAGEMENT7 years

Filed as: SNYDER CAPITAL

Service code 28 · EIN 04-3370184

Investment Management

$261,272

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN

Service code 24 · EIN 13-4994650

Discretionary Trustee

$229,086

WESTERN ASSET MANAGEMENT COMPANY7 years

Filed as: WESTERN ASSET MANAGEMENT

Service code 28 · EIN 95-2705767

Investment Management

$194,969

LEGAL & GENERAL INVESTMENT1 year

Filed as: LEGAL & GENERAL INV. CO.

Service code 28 · EIN 20-8058531

Investment Management

$99,198

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET BANK & TRUST COMPANY

Service code 18 · EIN 04-1867445

Custodial (other than securities); In...

$85,624

NISA INVESTMENT ADVISORS, LLC1 year

Service code 28 · EIN 48-1140940

Investment Management

$64,404

HEWITT ASSOCIATES LLC7 years

Filed as: HEWITT CONSULTING

Service code 17 · EIN 36-2235791

Pension Consulting

$63,994

FRANKLIN TEMPLETON1 year

Service code 28 · EIN 94-3411725

Investment Management

$57,965

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES' RETIREMENT INCOME PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES' RETIREMENT INCOME 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