Plan Ledger DOL Form 5500 · updated monthly

Blue Cross and Blue Shield of Florida, Inc.401(k)

BLUE CROSS AND BLUE SHIELD OF FLORIDA, INC. 401(K) RETIREMENT SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Blue Cross and Blue Shield of Florida, Inc. reported $1,914,808 in plan administrative expenses for 2024: 0.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,538 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 rose from 0.11% to 0.12%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 24th-largest of 3,644 plans among Florida employers on file, and the 116th of 4,798 in finance & insurance. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,674,969,299
Participants with balances10,730
Active participants8,954
Employer contributions$31,679,125
Employee contributions$72,157,986
Employer contribution per active participant$3,538
Average account balance$156,102
Benefits paid to participants$114,942,033
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7B · 10,730 accts · $31.7M emplr
2023$1.5B · 10,764 accts · $55.9M emplr
2022$1.2B · 10,308 accts · $52.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$330,030
Investment management$1,563,560
Total administrative$1,914,808
The Blue Cross and Blue Shield of Florida, Inc. 401(k) match · 2024
Employer contribution per active participant$3,538
Median for plans this size$5,259
2024$3,538 per active participant
2023$6,245 per active participant
2022$6,099 per active participant

Blue Cross and Blue Shield of Florida, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size. 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 · 20244
FINANCIAL ENGINES · Investment advisory (plan)$1,563,560
FIDELITY INVESTMENTS INSTITUTIONAL · Trustee (directed) · Loan processing$392,935
BCBSA NEBA · Plan administrator$21,218
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$1,914,808 · 0.12%
2023$1,594,015 · 0.12%
2022$1,459,691 · 0.11%
Same employer
Similar plansFinance & Insurance · Florida
Brown & Brown, Inc. FL$2.0B · 0.05%
Assuredpartners, Inc. FL$1.1B · 0.07%
Southstate Bank, N.A. FL$809.8M · 0.06%
Ncci Holdings, Inc. FL$505.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592015694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.