401(k) · DOL Form 5500 · 2022

Blue Cross Blue Shield of Massachusetts, Inc. 401(k) Plan

Data updated 2026-08-11

$876M
Total assets: 3,811
Participants: 99th
Percentile by assets: $229,955
Avg per participant

Official DOL plan name: Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan · Sponsored by Blue Cross Blue Shield of Massachusetts, Inc. · Massachusetts · Finance & Insurance

$876M in assets, 3,811 participants

Blue Cross Blue Shield of Massachusetts, Inc.'s Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reported $876M in total assets and 3,811 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

99th percentile by assets (of 139,126 plans)
#9,036 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan covers 3,811 participants in Massachusetts, 5.8x the typical Massachusetts plan (state average ~659 per filing). Assets: $876M.

$876M
total plan assets (2022 EOY): 3,811
covered participants: 99th
percentile by assets (of 139,126 plans): $229,955
avg assets per participant

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.

State

Massachusetts

Industry

Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reports 3,811 participants - 5.8x that state average ($876M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$1.1B
Net Assets (End of Year)	$876M
Net Income	-$225M
Employer EIN	041045815
Plan Effective Date	1978-07-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Blue Cross Blue Shield of Massachusetts, Inc. plans on file

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

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Fidelity Retirement Savings Plan $23.0B · 52,036
Liberty Mutual 401(k) Plan $8.8B · 32,843
Massachusetts Institute of Technology Supplemental 401(k) Plan $5.8B · 13,690
Philips North America 401(k) Plan $5.2B · 19,750
Boston Scientific Corporation 401(k) Retirement Savings Plan $4.9B · 18,359

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

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan by total assets, not by location.

Nv Energy 401(k) Plan (NV) $877M · 2,308
Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies (GA) $877M · 12,606
Howmet Aerospace Salaried Retirement Savings Plan (PA) $878M · 2,892
Cuna Mutual 401(k) Plan for Non-Represented Employees (WI) $875M · 3,433

Frequently Asked Questions

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

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan declined sharply - down 20.4% during 2022, from $1.1B to $876M. Reported net income was -$225M.

How have Blue Cross Blue Shield of Massachusetts, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Blue Cross Blue Shield of Massachusetts, Inc.'s sponsor-wide assets grew 16.2%, from $1.8B to $2.1B.

Where does Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan rank by assets among Form 5500 filers? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Nv Energy 401(k) Plan in NV ($877M, 2,308 participants).

Next read for Blue Cross and Blue Shield of Massachuse…

Filing takeaways

Ways to act on Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan's numbers.

By total assets, Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
Blue Cross Blue Shield of Massachusetts, Inc.'s sponsor-wide assets have grown 16.2% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 041045815.