Horizon Blue Cross Blue Shield of New Jersey401(k)
HORIZON BLUE CROSS BLUE SHIELD OF NEW JERSEY EMPLOYEES SAVINGS AND INVESTMENT PLAN · NEWARK, NJ · plan year 2024
Horizon Blue Cross Blue Shield of New Jersey's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,539,408,771 across 6,957 participant accounts, with employer contributions averaging $7,180 per active participant. See methodology for what Form 5500 does and doesn't capture.
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 44th-largest of 2,419 plans among New Jersey employers on file, and the 124th of 4,798 in finance & insurance. In 2024, employees put in $1.32 for every $1.00 the employer contributed.
Horizon Blue Cross Blue Shield of New Jersey's 2024 employer contribution ran above 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 220999690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.