Retirement plan

BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM

Name: BLUE CROSS BLUE SHIELD OF TENNESSEE - BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM (2024) Form 5500
Creator: BLUE CROSS BLUE SHIELD OF TENNESSEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM, BLUE CROSS BLUE SHIELD OF TENNESSEE

BLUE CROSS BLUE SHIELD OF TENNESSEEEIN 62-0427913Plan #002PY 2024

1 CAMERON HILL CIRCLE - CHATTANOOGA, TN 374022520423-755-5600

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed September 15, 1992 (most recent of 2 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)

$1263.6M

-11.0% from 2016

Total participants

8,284

+0.3% from 2016

Average account balance

$152,751

-10.3% from 2016

Annual return

13.76%

-7.25 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26B

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

8,272

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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 6 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.8 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$511,852
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 25 · EIN 04-2647786	Directed Trustee	$292,776
BLUE CROSS BLUE SHIELD OF TENNESSEE1 year Service code 35 · EIN 62-0427913	Employee (plan sponsor)	$132,269
ERNST & YOUNG LLP9 years Filed as: ERNST & YOUNG Service code 10 · EIN 34-6565596	Accounting	$45,929
BCBSA NEBA10+ years Service code 14 · EIN 13-5656874	Plan Administrator	$34,121
SS&C1 year Service code 49 · EIN 04-3157927	Other Services	$0

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$149 / participant

Recordkeeping$293K28.8%
Investment mgmt$512K50.3%
Salaries / allowances$132K13.0%
Other / not subdivided$80K7.9%

% of EOY assets

0.080%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: $45,929
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,751

$145,513+5.0%

$184,256-17.1%

$99,313+53.8%

Participation rate

99.8%

90.3%+9.6pp

86.8%+13.0pp

71.7%+28.1pp

Annual return

13.76%

21.25%-7.5pp

28.85%-15.1pp

17.67%-3.9pp

Employer contribution / active EE

$3,327

$5,354-37.9%

$6,427-48.2%

$3,264+1.9%

Participant deferral / active EE

$5,887

$8,423-30.1%

$9,133-35.5%

$5,346+10.1%

Admin fee / account holder

$123

$78+58.3%

$13,899-99.1%

$109+12.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$511,852

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 25 · EIN 04-2647786

Directed Trustee

$292,776

BLUE CROSS BLUE SHIELD OF TENNESSEE1 year

Service code 35 · EIN 62-0427913

Employee (plan sponsor)

$132,269

ERNST & YOUNG LLP9 years

Filed as: ERNST & YOUNG

Service code 10 · EIN 34-6565596

Accounting

$45,929

BCBSA NEBA10+ years

Service code 14 · EIN 13-5656874

Plan Administrator

$34,121

SS&C1 year

Service code 49 · EIN 04-3157927

Other Services

BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM

Top hat statement on fileNQDC

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