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 (2021) 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 2021

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

Other plans on this EIN

3 filings

#001Retirement-$978.0M assets #002Retirement-$748.6M assets #004Retirement-$136.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1325.3M

+2.9% from 2016

Total participants

7,351

+10.4% from 2016

Average account balance

$184,664

-7.6% from 2016

Annual return

14.59%

+4.09 pp from 2016

Benchmarks

See 97 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort97 peers

Snapshot2021

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

$430K

$74 / participant

Other / not subdivided$430K100.0%

% of EOY assets

0.032%

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 & COMPANY
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,664

$136,780+35.0%

$189,534-2.6%

$101,555+81.8%

Participation rate

97.0%

90.9%+6.2pp

87.8%+9.2pp

74.5%+22.5pp

Annual return

14.59%

37.00%-22.4pp

555.39%-540.8pp

21.00%-6.4pp

Employer contribution / active EE

$3,790

$4,857-22.0%

$6,162-38.5%

$2,972+27.5%

Participant deferral / active EE

$10,109

$7,572+33.5%

$8,220+23.0%

$4,874+107.4%

Admin fee / account holder

$60

$64-6.7%

$12,049-99.5%

$139-57.1%

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