Plan Ledger DOL Form 5500 · updated monthly

Blue Cross and Blue Shield Association401(k)

BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Blue Cross and Blue Shield Association reported $302,277 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $10,798 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 160th-largest of 3,702 plans among Illinois employers on file, and the 363rd of 11,654 in professional & technical services. In 2024, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$479,815,206
Participants with balances1,845
Active participants1,214
Employer contributions$13,109,242
Employee contributions$18,216,823
Employer contribution per active participant$10,798
Average account balance$260,062
Benefits paid to participants$44,377,451
Plan auditUnmodified (clean) audit opinion
AuditorKPMG
Plan history3
Yearassets · accounts · employer contribution
2024$479.8M · 1,845 accts · $13.1M emplr
2023$424.9M · 1,801 accts · $12.6M emplr
2022$351.7M · 1,804 accts · $11.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,851
Investment management$261,426
Total administrative$302,277
The Blue Cross and Blue Shield Association 401(k) match · 2024
Employer contribution per active participant$10,798
Median for plans this size$4,294
2024$10,798 per active participant
2023$10,151 per active participant
2022$9,609 per active participant

Blue Cross and Blue Shield Association's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FINANCIAL ENGINES · Investment advisory (plan)$261,426
FIDELITY INVESTMENTS INSTITUTIONAL · Trustee (directed) · Loan processing$41,709
SS&C · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$302,277 · 0.07%
2023$343,646 · 0.09%
2022$317,593 · 0.08%
Same employer
Similar plansProfessional & Technical Services · Illinois
Jenner & Block LLP IL$624.1M · 0.02%
Vedder Price, P.C. IL$520.5M · 0.03%
Here North America, LLC IL$466.2M · 0.05%
Paylocity Corporation IL$438.1M · 0.13%
Perkins&Will, Inc. IL$414.4M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 135656874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.