Retirement plan

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES SAVINGS PLAN

Name: BLUE CROSS BLUE SHIELD OF MICHIGAN - BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES SAVINGS PLAN (2020) 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 SAVINGS PLAN, BLUE CROSS BLUE SHIELD OF MICHIGAN

BLUE CROSS BLUE SHIELD OF MICHIGANEIN 38-2069753Plan #004PY 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 #001Retirement-$1.06B assets #002Retirement-$743.6M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$136.9M

+10.6% from 2016

Total participants

2,117

+15.3% from 2016

Average account balance

$67,127

-2.8% from 2016

Annual return

13.19%

+5.71 pp from 2016

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$117.63M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

1,742

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$92K

$55 / participant

Other / not subdivided$92K100.0%

% of EOY assets

0.067%

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

$67,127

$110,699-39.4%

$177,839-62.3%

$90,274-25.6%

Participation rate

95.4%

88.3%+7.1pp

87.7%+7.7pp

73.4%+22.0pp

Annual return

13.19%

22.79%-9.6pp

48.33%-35.1pp

53.97%-40.8pp

Employer contribution / active EE

$1,468

$4,118-64.4%

$5,919-75.2%

$2,523-41.8%

Participant deferral / active EE

$3,565

$6,731-47.0%

$7,714-53.8%

$4,231-15.7%

Admin fee / account holder

$45

$90-49.8%

$12,432-99.6%

$114-60.4%

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED EMPLOYEES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS BLUE SHIELD OF MICHIGAN REPRESENTED 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