Defined Benefit (Pension) · DOL Form 5500 · 2023

California Physicians Service Dba Blue Shield of California Pension Plan

Data updated 2026-08-11

$566M
Total assets
2,766
Participants
98th
Percentile by assets
$204,453
Avg per participant
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Official DOL plan name: Blue Shield of California Employees Retirement Plan · Sponsored by California Physicians Service Dba Blue Shield of California · California · Finance & Insurance

$566M in assets, 2,766 participants

California Physicians Service Dba Blue Shield of California's Blue Shield of California Employees Retirement Plan reported $566M in total assets and 2,766 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #8,512 in Finance & Insurance (8,869 peers)

Coverage in California

Blue Shield of California Employees Retirement Plan covers 2,766 participants in California, 4.4x the typical California plan (state average ~630 per filing). Assets: $566M.

$566M
total plan assets (2023 EOY)
2,766
covered participants
98th
percentile by assets (of 127,072 plans)
$204,453
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Blue Shield of California Employees Retirement Plan reported net income rose from -$189M in the plan year 2022 filing to $36M in the plan year 2023 filing.
  • Blue Shield of California Employees Retirement Plan reported participants fell from 3,004 in the plan year 2022 filing to 2,766 in the plan year 2023 filing.
  • Blue Shield of California Employees Retirement Plan end-of-year assets rose from $528M in the plan year 2022 filing to $566M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Finance & Insurance

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Blue Shield of California Employees Retirement Plan reports 2,766 participants - 4.4x that state average ($566M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$528M
Net Assets (End of Year)$562M
Net Income$36M
Employer EIN940360524
Plan Effective Date1957-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (California Physicians Service Dba Blue Shield of California)

$1.6B$1.8B$2B$2.2B$2.4B 202220232024 $1.69B $2.24B ▲ +32.5%
Total plan assets by year, all California Physicians Service Dba Blue Shield of California plans on file
Year Plans Participants Total Assets
2022 2 11,173 $1.7B
2023 2 10,587 $2.0B
2024 2 9,714 $2.2B

Nearby Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Blue Shield of California Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

Blue Shield of California Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Blue Shield of Calif…Kaiser Permanente Re…Pacific Gas and Elec…Pacific Gas and Elec…Retirement Plan for …Disney Salaried Pens…
Blue Shield of California Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Blue Shield of California Employees Reti… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Blue Shield of California Employees Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Blue Shield of California Employees Retirement Plan assets move in 2023? ▼
Blue Shield of California Employees Retirement Plan grew at a solid clip - up 7.0% during 2023, from $528M to $566M. Reported net income was $36M.
How have California Physicians Service Dba Blue Shield of California plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), California Physicians Service Dba Blue Shield of California's sponsor-wide assets grew 32.5%, from $1.7B to $2.2B.
Where does Blue Shield of California Employees Retirement Plan rank by assets among Form 5500 filers? ▼
Blue Shield of California Employees Retirement Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Blue Shield of California Employees Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Arconic Corp. Pension Plan B in PA ($565M, 3,877 participants).

Next read for Blue Shield of California Employees Reti…

Filing takeaways

Ways to act on Blue Shield of California Employees Retirement Plan's numbers.

  • By total assets, Blue Shield of California Employees Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
  • California Physicians Service Dba Blue Shield of California's sponsor-wide assets have grown 32.5% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 940360524.

Read our methodology - how this data is sourced, computed, and verified.

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