Plan Ledger DOL Form 5500 · updated monthly

Blue Cross and Blue Shield of Nebraska401(k)

TAX-FAVORED SAVINGS PROGRAM · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Blue Cross and Blue Shield of Nebraska reported $176,466 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $7,499 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 3 years on file its reported administrative ratio has held roughly steady near 0.089%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 35th-largest of 565 plans among Nebraska employers on file, and the 569th of 4,798 in finance & insurance. In 2024, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$207,848,398
Participants with balances1,509
Active participants1,228
Employer contributions$9,208,464
Employee contributions$9,211,578
Employer contribution per active participant$7,499
Average account balance$137,739
Benefits paid to participants$21,563,694
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ
Plan history3
Yearassets · accounts · employer contribution
2024$207.8M · 1,509 accts · $9.2M emplr
2023$190.6M · 1,512 accts · $8.7M emplr
2022$162.2M · 1,523 accts · $8.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,397
Investment management$55,963
Audit (IQPA)$16,500
Total administrative$176,466
The Blue Cross and Blue Shield of Nebraska 401(k) match · 2024
Employer contribution per active participant$7,499
Median for plans this size$3,635
2024$7,499 per active participant
2023$7,475 per active participant
2022$7,603 per active participant

Blue Cross and Blue Shield of Nebraska's 2024 employer contribution ran above the $3,635 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$98,397
NFP RETIREMENT INC · Investment advisory (plan)$50,000
LUTZ & COMPANY PC · Accounting / audit$16,500
ADVISED ASSETS GROUP, LLC · Investment management$5,963

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Blue Cross and Blue Shield of Nebraska before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$176,466 · 0.09%
2023$167,743 · 0.10%
2022$159,479 · 0.09%
Same employer
Similar plansFinance & Insurance · Nebraska
Nelnet, Inc. NE$755.2M · 0.10%
National Indemnity Company NE$600.1M · 0.01%
Union Bank & Trust Company NE$317.2M · 0.01%
Viterra USA Holdings, LLC NE$188.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470095156 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.