401(k)
2022 plan-year 401(k) DOL Form 5500

Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan

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

Sponsored by Blue Cross and Blue Shield of South Carolina · South Carolina · Finance & Insurance

What the 2023 filing shows

Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan holds $1.1B for 11,881 participants — about $91,346 per participant, down 18.0% over the 2022 plan year.

$1.1B
total plan assets (2022 EOY)
11,881
covered participants
$91,346
avg assets per participant
-18.0%
assets change YoY

The plan reported a net loss of $239M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1.1B
Participants
11,881
Industry
Finance & Insurance

What the Filing Says About Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan

Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan is a 401(k) retirement plan sponsored by Blue Cross and Blue Shield of South Carolina, headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $1.1B in total end-of-year assets and covers 11,881 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 570287419, and the plan has been effective since 1983-01-26. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.3B at the beginning of 2022 to $1.1B at year-end — a decline of 18.0%. Net assets (after liabilities) closed the year at $1.1B, with reported net income of $-238,824,073 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)$1.3B
Total Assets (End of Year)$1.1B
Net Assets (End of Year)$1.1B
Net Income$-238,824,073
Plan Type401(k)
Employer EIN570287419
Plan Effective Date1983-01-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Blue Cross and Blue Shield of South Carolina)

Year Plans Participants Total Assets
2022 2 16,530 $2.2B
2023 2 15,692 $2.5B
2024 2 15,965 $2.7B

Nearby 401(k) Plans in South Carolina

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

Frequently Asked Questions

How much money is in the Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan?
As of the 2022 Form 5500 filing, Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan holds $1.1B in total assets with 11,881 participants. It is sponsored by Blue Cross and Blue Shield of South Carolina.
What type of plan is Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan?
Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan is a 401(k) plan. It has been effective since 1983-01-26. The plan is filed with the U.S. Department of Labor under EIN 570287419.
Who sponsors the Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan?
Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan is sponsored by Blue Cross and Blue Shield of South Carolina, located in South Carolina. The sponsor's EIN is 570287419 and the plan operates in the Finance & Insurance industry.
How did Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan perform in 2022?
Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan declined by 18.0% during 2022, moving from $1.3B to $1.1B in total assets. Net income was $-238,824,073.
Where can I find official filings for Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan?
Official Form 5500 filings for Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 570287419 or plan name at efast.dol.gov.
How does Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan compare to other plans?
You can compare Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan against other 401(k) plans on the plan type page, or view plans in South Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 570287419.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.