Retirement plan

TAX-FAVORED SAVINGS PROGRAM

Name: BLUE CROSS AND BLUE SHIELD OF NEBRASKA - TAX-FAVORED SAVINGS PROGRAM (2023) Form 5500
Creator: BLUE CROSS AND BLUE SHIELD OF NEBRASKA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX-FAVORED SAVINGS PROGRAM, BLUE CROSS AND BLUE SHIELD OF NEBRASKA

BLUE CROSS AND BLUE SHIELD OF NEBRASKAEIN 47-0095156Plan #002PY 2023

1919 AKSARBEN DRIVE - OMAHA, NE 681062278402-982-8886nebraskablue.comLinkedIn1001-5000 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$50.6M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed February 24, 2017 (most recent of 4 filings on file)

Plan administrator

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PO Box 3248

Omaha State: NE Zip Code: 68180

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Plans declared (1)

Blue Cross and Blue Shield of Nebraska Nonqualified Savings Plan30 emp

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Total assets (EOY)

$190.6M

+17.5% from 2022

Total participants

1,519

-0.3% from 2022

Average account balance

$126,046

+18.3% from 2022

Annual return

16.00%

+31.78 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$207.85M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

1,509

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND6 years Service code 13 · EIN 06-1050034	Contract Administrator	$90,775
NFP RETIREMENT INC4 years Filed as: NFP RETIREMENT, INC. Service code 27 · EIN 33-0905143	Advisory (Plan)	$50,000
LUTZ & COMPANY, PC4 years Service code 10 · EIN 47-0625816	Accounting	$26,000
PRUDENTIAL RETIREMENT INSURANCE AND6 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$168K

$143 / participant

Investment mgmt$50K29.8%
Contract admin$91K54.1%
Other / not subdivided$27K16.1%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUTZ & COMPANY
Auditor EIN: 470625816
Audit fees: $26,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,046

$112,686+11.9%

$170,057-25.9%

$80,169+57.2%

Participation rate

99.4%

87.4%+12.0pp

87.0%+12.4pp

72.9%+26.5pp

Annual return

16.00%

67.04%-51.0pp

53.42%-37.4pp

40.39%-24.4pp

Employer contribution / active EE

$7,475

$4,481+66.8%

$6,790+10.1%

$2,978+151.0%

Participant deferral / active EE

$7,486

$7,876-5.0%

$10,411-28.1%

$5,016+49.2%

Admin fee / account holder

$111

$99+12.0%

$12,826-99.1%

$145-23.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND6 years

Service code 13 · EIN 06-1050034

Contract Administrator

$90,775

NFP RETIREMENT INC4 years

Filed as: NFP RETIREMENT, INC.

Service code 27 · EIN 33-0905143

Advisory (Plan)

$50,000

LUTZ & COMPANY, PC4 years

Service code 10 · EIN 47-0625816

Accounting

$26,000

PRUDENTIAL RETIREMENT INSURANCE AND6 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

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

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