Plan Ledger DOL Form 5500 · updated monthly

Blue Cross & Blue Shield of Rhode Island401(k)

BLUE CROSS & BLUE SHIELD OF RHODE ISLAND EMPLOYEE SAVINGS PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Blue Cross & Blue Shield of Rhode Island reported $405,672 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,021 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 0.13% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 23rd-largest of 286 plans among Rhode Island employers on file, and the 475th of 4,798 in finance & insurance. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$270,100,146
Participants with balances1,510
Active participants973
Employer contributions$5,858,047
Employee contributions$9,862,423
Employer contribution per active participant$6,021
Average account balance$178,874
Benefits paid to participants$26,385,921
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$270.1M · 1,510 accts · $5.9M emplr
2023$251.1M · 1,458 accts · $5.1M emplr
2022$233.3M · 1,476 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$267,061
Investment management$115,931
Audit (IQPA)$22,680
Total administrative$405,672
The Blue Cross & Blue Shield of Rhode Island 401(k) match · 2024
Employer contribution per active participant$6,021
Median for plans this size$4,294
2024$6,021 per active participant
2023$5,829 per active participant
2022$5,017 per active participant

Blue Cross & Blue Shield of Rhode Island's 2024 employer contribution ran above the $4,294 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY O · Loan processing · Recordkeeping$267,061
MERCER (US) INC · Investment advisory (plan)$115,931
CITRIN COOPERMAN & COMPANY LLP · Accounting / audit$22,680

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
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$405,672 · 0.16%
2023$323,721 · 0.13%
2022$340,688 · 0.13%
Same employer
Similar plansFinance & Insurance · Rhode Island
Ibew Local Union No. 99 RI$178.4M · 0.34%
Aipso RI$136.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050158952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.