Retirement plan

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF FLORIDA INC.

Name: BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC. - NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF FLORIDA INC. (2024) Form 5500
Creator: BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF FLORIDA INC., BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC.

BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC.EIN 59-2015694Plan #001PY 2024

4800 DEERWOOD CAMPUS PARKWAY - JACKSONVILLE, FL 32246800-477-3736LinkedIn1-10 employeesinvestment management

Other plans on this EIN

1 filing

#002Retirement-$1.67B assets

Prospect flagsLow returnsWind-down / frozen

Top hat statement on fileNQDC

Filed July 28, 2006 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$463.5M

-5.1% from 2016

Total participants

4,647

+3.0% from 2016

Average account balance

No prior year

Annual return

-0.36%

-12.71 pp from 2016

Benchmarks

See 102 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort102 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$463.48M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

2,555

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 8 by compensation

Provider	Service type	Compensation
MERCER5 years Filed as: MERCER INVESTMENT MANGEMENT Service code 51 · EIN 30-0282430	Investment Mgmt Fees	$726,388
BLUE CROSS BLUE SHIELD ASSOCIATION5 years Service code 14 · EIN 13-5656874	Plan Administrator	$383,599
NORTHERN TRUST COMPANY10+ years Service code 21 · EIN 36-1561860	Bank Trustee	$156,227
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 33-1498605	Accounting	$59,925
AON CONSULTING6 years Service code 11 · EIN 22-2232264	Actuarial	$51,783
BLOOMBERG FINANCE LP5 years Filed as: BLOOMBERG FINANCE L.P. Service code 72 · EIN 06-1818168	Other investment fees and expenses	$11,402
L & S VENTURES LLC10+ years Filed as: L&S VENTURES LLC Service code 17 · EIN 75-3238476	Pension Consulting	$10,331
GRANT THORNTON LLP10+ years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$8,855

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1I3F3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$678 / participant

Recordkeeping$27K1.9%
Trustee / custodial$156K11.0%
Investment mgmt$726K51.2%
Legal$4K0.3%
Actuarial$52K3.7%
Contract admin$384K27.1%
Other / not subdivided$69K4.9%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $68,780
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$325,553-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

-0.36%

5.34%-5.7pp

9.17%-9.5pp

9.30%-9.7pp

Employer contribution / active EE

$9,329-100.0%

$40,523-100.0%

$12,551-100.0%

Participant deferral / active EE

$267-100.0%

$42-100.0%

$2,867-100.0%

Admin fee / account holder

$17,411-100.0%

Provider

Service type

Compensation

MERCER5 years

Filed as: MERCER INVESTMENT MANGEMENT

Service code 51 · EIN 30-0282430

Investment Mgmt Fees

$726,388

BLUE CROSS BLUE SHIELD ASSOCIATION5 years

Service code 14 · EIN 13-5656874

Plan Administrator

$383,599

NORTHERN TRUST COMPANY10+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$156,227

PLANTE & MORAN, PLLC1 year

Service code 10 · EIN 33-1498605

Accounting

$59,925

AON CONSULTING6 years

Service code 11 · EIN 22-2232264

Actuarial

$51,783

BLOOMBERG FINANCE LP5 years

Filed as: BLOOMBERG FINANCE L.P.

Service code 72 · EIN 06-1818168

Other investment fees and expenses

$11,402

L & S VENTURES LLC10+ years

Filed as: L&S VENTURES LLC

Service code 17 · EIN 75-3238476

Pension Consulting

$10,331

GRANT THORNTON LLP10+ years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$8,855

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF FLORIDA INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUE CROSS AND BLUE SHIELD OF FLORIDA INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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