Blue Cross Blue Shield Of Michigan Employees' Savings Plan — Form 5500 plan (Blue Cross Blue Shield Of Michigan)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Blue Cross Blue Shield Of Michigan Employees' Savings Plan is a benefit plan reported by Blue Cross Blue Shield Of Michigan under EIN 38-2069753 and plan number 003. The latest loaded filing year is 2023. The filing reports 7,622 participants and $1,335,198,413 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.3BPlan net assets, end of year$1,335,198,413
Participants7.6KCovered participants reported7,622
Assets / participant$175.2KComputed: assets ÷ participants$175,177 (computed)
Provider compensationNone reported
Plan sponsor
Blue Cross Blue Shield Of Michigan
EIN
38-2069753
Plan number
003
Plan type
2
Location
Detroit, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20237,622H20241015110053NAL0048946928004
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.3B total assets
Net assets$1.3BLiabilities
Money in vs. money out
Total income / additions$314.8M
Total expenses$74.1M
Benefits paid / distributions$73.7M
Contributions
Employer$25.6M
Participant$69.4M
Full reported line items

Net assets

Total assets (EOY)
$1,335,198,413
Net assets (EOY)
$1,335,198,413
Net assets (BOY)
$1,092,357,210

Income & contributions

Employer contributions
$25,598,540
Participant contributions
$69,389,790
Total contributions
$98,990,952
Total income / additions
$314,799,018

Expenses & distributions

Benefits paid
$73,718,764
Administrative expenses
$375,688
Total expenses
$74,094,452
Net increase / (decrease)
$240,704,566
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 27%Participant 73%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income23%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages