Retirement plan

BLUE SHIELD OF CALIFORNIA TAX DEFERRED SALARY INVESTMENT PLAN

Name: CALIFORNIA PHYSICIANS SERVICE, DBA BLUE SHIELD OF CA - BLUE SHIELD OF CALIFORNIA TAX DEFERRED SALARY INVESTMENT PLAN (2017) Form 5500
Creator: CALIFORNIA PHYSICIANS SERVICE, DBA BLUE SHIELD OF CA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE SHIELD OF CALIFORNIA TAX DEFERRED SALARY INVESTMENT PLAN, CALIFORNIA PHYSICIANS SERVICE, DBA BLUE SHIELD OF CA

CALIFORNIA PHYSICIANS SERVICE, DBA BLUE SHIELD OF CAEIN 94-0360524Plan #002PY 2017

50 BEALE STREET, 22ND FLOOR - SAN FRANCISCO, CA 94105415-229-5000

Other plans on this EIN

1 filing

#001Retirement-$539.3M assets

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed May 20, 1992

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)

$681.9M

-9.6% from 2016

Total participants

7,711

-12.4% from 2016

Average account balance

$89,604

+10.2% from 2016

Annual return

25.77%

-7.60 pp from 2016

Benchmarks

See 87 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort87 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68B

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

10,447

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 5 by compensation

Provider	Service type	Compensation
BCBSA NEBA1 year Service code 14 · EIN 13-5656874	Plan Administrator	$256,858
AON CONSULTING2 years Filed as: AON HEWITT INVEST. CONSULTING, INC. Service code 16 39584 TREASURY CENTER · CHICAGO, IL 606949500	Consulting	$58,483
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$49,298
MERCER2 years Service code 16 1166 6TH AVENUE · NEW YORK, NY 10036	Consulting	$26,573
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 25 · EIN 04-2647786	Directed Trustee	-$115,124

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$275K

$47 / participant

Investment mgmt$49K17.9%
Other / not subdivided$226K82.1%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 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: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,604

$96,400-7.0%

$149,721-40.2%

$177,276-49.5%

Participation rate

98.3%

88.9%+9.3pp

87.1%+11.2pp

74.8%+23.4pp

Annual return

25.77%

19.02%+6.8pp

1501.67%-1475.9pp

21.25%+4.5pp

Employer contribution / active EE

$7,095

$3,680+92.8%

$5,444+30.3%

$2,479+186.2%

Participant deferral / active EE

$7,302

$5,510+32.5%

$6,568+11.2%

$3,881+88.2%

Admin fee / account holder

$36

$69-47.8%

$11,282-99.7%

$154-76.5%

Provider

Service type

Compensation

BCBSA NEBA1 year

Service code 14 · EIN 13-5656874

Plan Administrator

$256,858

AON CONSULTING2 years

Filed as: AON HEWITT INVEST. CONSULTING, INC.

Service code 16

39584 TREASURY CENTER · CHICAGO, IL 606949500

Consulting

$58,483

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$49,298

MERCER2 years

Service code 16

1166 6TH AVENUE · NEW YORK, NY 10036

Consulting

$26,573

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 25 · EIN 04-2647786

Directed Trustee

-$115,124

BLUE SHIELD OF CALIFORNIA TAX DEFERRED SALARY INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE SHIELD OF CALIFORNIA TAX DEFERRED SALARY INVESTMENT PLAN

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