Plan Ledger DOL Form 5500 · updated monthly

Blue Cross Blue Shield of Tennessee401(k)

BLUECROSS BLUESHIELD OF TENNESSEE EMPLOYEE RETIREMENT SAVINGS PROGRAM · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Blue Cross Blue Shield of Tennessee reported $1,016,946 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,327 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 0.092% to 0.085%. 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 26th-largest of 1,496 plans among Tennessee employers on file, and the 145th of 4,798 in finance & insurance. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,263,555,153
Participants with balances8,272
Active participants6,823
Employer contributions$22,699,376
Employee contributions$40,169,095
Employer contribution per active participant$3,327
Average account balance$152,751
Benefits paid to participants$83,467,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 8,272 accts · $22.7M emplr
2023$1.1B · 8,199 accts · $31.0M emplr
2022$896.3M · 7,877 accts · $35.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$292,776
Investment management$511,852
Audit (IQPA)$45,929
Total administrative$1,016,946
The Blue Cross Blue Shield of Tennessee 401(k) match · 2024
Employer contribution per active participant$3,327
Median for plans this size$5,259
2024$3,327 per active participant
2023$4,697 per active participant
2022$5,736 per active participant

Blue Cross Blue Shield of Tennessee'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 · 20246
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$511,852
FIDELITY INVESTMENTS INSTITUTIONAL · Trustee (directed) · Loan processing$292,776
BLUE CROSS BLUE SHIELD OF TENNESSEE$132,269
ERNST & YOUNG · Accounting / audit$45,929
BCBSA NEBA · Plan administrator$34,121
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$1,016,946 · 0.09%
2023$987,571 · 0.10%
2022$906,240 · 0.09%
Same employer
Similar plansFinance & Insurance · Tennessee
First Horizon Corporation TN$1.3B · 0.10%
Asurion LLC TN$733.3M · 0.15%
Pinnacle Bank TN$564.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620427913 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.