Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan

Compiled by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Blue Cross Blue Shield of Massachusetts, Inc. · Massachusetts · Finance & Insurance

What the 2023 filing shows

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan holds $876M for 3,811 participants — about $229,955 per participant, down 20.4% over the 2022 plan year.

$876M
total plan assets (2022 EOY): 3,811
covered participants: $229,955
avg assets per participant: -20.4%
assets change YoY

The plan reported a net loss of $225M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$876M

Participants

3,811

State

Massachusetts

Industry

Finance & Insurance

What the Filing Says About Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan is a Profit Sharing retirement plan sponsored by Blue Cross Blue Shield of Massachusetts, Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $876M in total end-of-year assets and covers 3,811 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 041045815, and the plan has been effective since 1978-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.1B at the beginning of 2022 to $876M at year-end — a decline of 20.4%. Net assets (after liabilities) closed the year at $876M, with reported net income of $-224,784,277 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$1.1B
Total Assets (End of Year)	$876M
Net Assets (End of Year)	$876M
Net Income	$-224,784,277
Plan Type	Profit Sharing
Employer EIN	041045815
Plan Effective Date	1978-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Blue Cross Blue Shield of Massachusetts, Inc.)

Year	Plans	Participants	Total Assets
2022	2	6,992	$1.8B
2023	2	6,927	$2.0B
2024	2	7,064	$2.1B

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

State Street Salary Savings Program $5.7B · 12,168
The Mitre Corporation Tax Sheltered Annuity Plan $4.7B · 11,980
Harvard University Tax Deferred Annuity Plan $3.8B · 21,064
Boston University Retirement Plan $2.8B · 8,130
Beth Israel Deaconess Medical Center Voluntary 403(b) Plan $2.4B · 13,981

Compare Blue Cross and Blue Shield of Massachuse… side-by-side with 3 peers →

Related Data

Guides

Frequently Asked Questions

How much money is in the Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

As of the 2022 Form 5500 filing, Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan holds $876M in total assets with 3,811 participants. It is sponsored by Blue Cross Blue Shield of Massachusetts, Inc..

What type of plan is Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan is a Profit Sharing plan. It has been effective since 1978-07-01. The plan is filed with the U.S. Department of Labor under EIN 041045815.

Who sponsors the Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan is sponsored by Blue Cross Blue Shield of Massachusetts, Inc., located in Massachusetts. The sponsor's EIN is 041045815 and the plan operates in the Finance & Insurance industry.

How did Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan perform in 2022? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan declined by 20.4% during 2022, moving from $1.1B to $876M in total assets. Net income was $-224,784,277.

Where can I find official filings for Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

Official Form 5500 filings for Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 041045815 or plan name at efast.dol.gov.

How does Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan compare to other plans? ▼

You can compare Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.