Retirement plan

BLUE CROSS BLUE SHIELD OF MICHIGAN EMPLOYEES' SAVINGS PLAN

Name: BLUE CROSS BLUE SHIELD OF MICHIGAN - BLUE CROSS BLUE SHIELD OF MICHIGAN EMPLOYEES' SAVINGS PLAN (2018) 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 EMPLOYEES' SAVINGS PLAN, BLUE CROSS BLUE SHIELD OF MICHIGAN

BLUE CROSS BLUE SHIELD OF MICHIGANEIN 38-2069753Plan #003PY 2018

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

Other plans on this EIN

3 filings

#001Retirement-$725.6M assets #002Retirement-$588.5M assets #004Retirement-$111.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$846.4M

+2.9% from 2016

Total participants

7,102

+10.4% from 2016

Average account balance

$123,039

-7.6% from 2016

Annual return

-3.96%

+4.09 pp from 2016

Benchmarks

See 91 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort91 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52B

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

7,529

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97.86M

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$476K

$83 / participant

Other / not subdivided$476K100.0%

% of EOY assets

0.056%

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

$123,039

$104,281+18.0%

$140,019-12.1%

$68,904+78.6%

Participation rate

96.1%

89.1%+7.0pp

87.5%+8.6pp

74.1%+22.0pp

Annual return

-3.96%

-1.33%-2.6pp

651.19%-655.1pp

1.07%-5.0pp

Employer contribution / active EE

$3,347

$4,070-17.8%

$5,605-40.3%

$2,540+31.7%

Participant deferral / active EE

$8,813

$6,129+43.8%

$6,927+27.2%

$4,015+119.5%

Admin fee / account holder

$69

$79-12.1%

$10,705-99.4%

$71-3.0%

BLUE CROSS BLUE SHIELD OF MICHIGAN EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS BLUE SHIELD OF MICHIGAN EMPLOYEES' SAVINGS 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