Retirement plan

BLUE CROSS AND BLUE SHIELD OF KANSAS CITY TAX-FAVORED SAVINGS PROGRAM

Name: BLUE CROSS AND BLUE SHIELD OF KANSAS CITY - BLUE CROSS AND BLUE SHIELD OF KANSAS CITY TAX-FAVORED SAVINGS PROGRAM (2016) Form 5500
Creator: BLUE CROSS AND BLUE SHIELD OF KANSAS CITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE CROSS AND BLUE SHIELD OF KANSAS CITY TAX-FAVORED SAVINGS PROGRAM, BLUE CROSS AND BLUE SHIELD OF KANSAS CITY

BLUE CROSS AND BLUE SHIELD OF KANSAS CITYEIN 43-1257251Plan #002PY 2016

2301 MAIN STREET - KANSAS CITY, MO 641082429816-395-2222bluekc.comLinkedIn1001-5000 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$195.2M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 30, 2019 (most recent of 3 filings on file)

Plan administrator

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2301 Main Street

Kansas City State: MO Zip Code: 64108

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Plans declared (1)

Blue Cross and Blue Shield of Kansas City Deferred Compensation Plan24 emp

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Total assets (EOY)

$111.2M

-10.1% from 2016

Total participants

1,196

+4.8% from 2016

Average account balance

$93,042

-9.1% from 2016

Annual return

9.17%

-8.95 pp from 2016

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$282.37M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

1,855

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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 2 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES2+ years Service code 27 · EIN 77-0473565	Advisory (Plan)	$108,929
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 25 · EIN 04-2647786	Directed Trustee	$18,805

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$128K

$129 / participant

Other / not subdivided$128K100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,042

$71,802+29.6%

$133,975-30.6%

$57,661+61.4%

Participation rate

99.9%

85.5%+14.4pp

87.1%+12.8pp

70.2%+29.7pp

Annual return

9.17%

13.51%-4.3pp

29.29%-20.1pp

5.13%+4.0pp

Employer contribution / active EE

$3,670

$3,161+16.1%

$5,211-29.6%

$1,974+85.9%

Participant deferral / active EE

$6,777

$4,606+47.1%

$6,282+7.9%

$3,061+121.4%

Admin fee / account holder

$107

$88+22.0%

$9,324-98.9%

$95+13.1%

Provider

Service type

Compensation

FINANCIAL ENGINES2+ years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$108,929

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 25 · EIN 04-2647786

Directed Trustee

$18,805

BLUE CROSS AND BLUE SHIELD OF KANSAS CITY TAX-FAVORED SAVINGS PROGRAM

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE CROSS AND BLUE SHIELD OF KANSAS CITY TAX-FAVORED SAVINGS PROGRAM

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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