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. (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$1.21B assets

Prospect flagsWind-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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Total assets (EOY)

$727.6M

-5.1% from 2016

Total participants

5,531

+3.0% from 2016

Average account balance

No prior year

Annual return

15.83%

-12.71 pp from 2016

Benchmarks

See 128 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort128 peers

Snapshot2020

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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 10 of 14 by compensation

Provider	Service type	Compensation
PIMCO FUNDS1 year Filed as: PACIFIC INVESTMENT MANAGEMENT Service code 28 · EIN 95-2632339	Investment Management	$1,278,829
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$337,459
LEGAL & GENERAL INVESTMENT6+ years Service code 28 · EIN 20-8058531	Investment Management	$225,979
BLUE CROSS BLUE SHIELD ASSOCIATION1 year Service code 14 · EIN 13-5656874	Plan Administrator	$208,676
GRANT THORNTON LLP6+ years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$102,467
AON CONSULTING1 year Filed as: AON INVESTMENTS USA Service code 27 · EIN 36-3109431	Advisory (Plan)	$67,298
AON CONSULTING2 years Service code 11 · EIN 22-2232264	Actuarial	$45,722
BROOKFIELD1 year Filed as: BROOKFIELD US INC. Service code 28 · EIN 22-3335453	Investment Management	$34,902
MERCER1 year Filed as: MERCER INVESTMENT MANGEMENT Service code 27 · EIN 30-0282430	Advisory (Plan)	$12,492
MORNINGSTAR1 year Service code 15 · EIN 36-3297908	Recordkeeping	$10,831

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

1 tripped

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

$2.4M

$871 / participant

Investment mgmt$2M63.8%
Contract admin$209K8.8%
Other / not subdivided$647K27.4%

% of EOY assets

0.325%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$373,805-100.0%

Participation rate

0.0%

0.0%0pp

19.3%-19.3pp

0.0%0pp

Annual return

15.83%

9.48%+6.4pp

9.52%+6.3pp

12.86%+3.0pp

Employer contribution / active EE

$12,808-100.0%

$41,951-100.0%

$13,687-100.0%

Participant deferral / active EE

$29-100.0%

$18-100.0%

$833-100.0%

Admin fee / account holder

$1,512-100.0%

Provider

Service type

Compensation

PIMCO FUNDS1 year

Filed as: PACIFIC INVESTMENT MANAGEMENT

Service code 28 · EIN 95-2632339

Investment Management

$1,278,829

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$337,459

LEGAL & GENERAL INVESTMENT6+ years

Service code 28 · EIN 20-8058531

Investment Management

$225,979

BLUE CROSS BLUE SHIELD ASSOCIATION1 year

Service code 14 · EIN 13-5656874

Plan Administrator

$208,676

GRANT THORNTON LLP6+ years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$102,467

AON CONSULTING1 year

Filed as: AON INVESTMENTS USA

Service code 27 · EIN 36-3109431

Advisory (Plan)

$67,298

AON CONSULTING2 years

Service code 11 · EIN 22-2232264

Actuarial

$45,722

BROOKFIELD1 year

Filed as: BROOKFIELD US INC.

Service code 28 · EIN 22-3335453

Investment Management

$34,902

MERCER1 year

Filed as: MERCER INVESTMENT MANGEMENT

Service code 27 · EIN 30-0282430

Advisory (Plan)

$12,492

MORNINGSTAR1 year

Service code 15 · EIN 36-3297908

Recordkeeping

$10,831

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