Plan Ledger DOL Form 5500 · updated monthly

Blue Cross Blue Shield of North Dakota401(k)

BCBSND AND NORIDIAN HEALTHCARE SOLUTIONS 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Blue Cross Blue Shield of North Dakota reported $392,871 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $4,005 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 0.09% to 0.08%. 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 10th-largest of 279 plans among North Dakota employers on file, and the 310th of 4,798 in finance & insurance. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves; active participation has grown from 2,856 to 3,856 since 2022.

Plan summary
Net assets, end of year$500,265,517
Participants with balances3,898
Active participants3,856
Employer contributions$15,443,036
Employee contributions$15,306,025
Employer contribution per active participant$4,005
Average account balance$128,339
Benefits paid to participants$35,026,487
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$500.3M · 3,898 accts · $15.4M emplr
2023$437.4M · 3,853 accts · $14.2M emplr
2022$360.1M · 3,665 accts · $8.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$329,044
Investment management$63,827
Total administrative$392,871
The Blue Cross Blue Shield of North Dakota 401(k) match · 2024
Employer contribution per active participant$4,005
Median for plans this size$4,294
2024$4,005 per active participant
2023$4,793 per active participant
2022$2,956 per active participant

Blue Cross Blue Shield of North Dakota's 2024 employer contribution ran below 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 · 20242
BELL BANK · Plan administrator · Recordkeeping$329,044
CARDINAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$63,827

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

Recordkeeper by year2
2024BELL BANK
2023BELL STATE BANK

This plan has changed recordkeepers within these filings. If you left Blue Cross Blue Shield of North Dakota 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$392,871 · 0.08%
2023$382,015 · 0.10%
2022$376,536 · 0.09%
Same employer
Similar plansFinance & Insurance · North Dakota
Cboe Services Co. IL$509.1M · 0.03%
Capital Blue Cross PA$507.8M · 0.02%
Ncci Holdings, Inc. FL$505.8M · 0.06%
Alera Group, Inc. IL$499.7M · 0.25%
Bank of Nova Scotia $492.6M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 450173185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.