Defined Benefit (Pension) · DOL Form 5500 · 2023

California Physicians Service Dba Blue Shield of California Pension Plan

Data updated 2026-08-25

$566M
Total assets Above avg plan size
2,766
Participants Above avg headcount
98th
Percentile by assets National rank
$204,453
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,512
in Finance & Insurance (8,869 peers)
+7.0%
assets growth YoY
5.7×
vs typical plan assets (national mean)

Blue Shield of California Employees Retirement Plan's outsized position by total assets

Blue Shield of California Employees Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$565,516,148 Top 2% higher than 98% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Blue Shield of California Employees Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Blue Shield of California Employees Retirement Plan lands in the large band (2,766 participants).

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 →

Published 5500 schedule card

Filing strip 940360524 · California Physicians Service Dba Blue Shield of California PY 2023 · Defined Benefit (Pension)

Blue Shield of California Employees Retirement Plan · $566M · 2,766 · 98th

  • VS-ST $566M
  • BOY 2,766
  • SCH 98th
  • EBSA Defined Benefit (Pension)
  • PART near Arconic Corp. Pension Plan B
  • TYPE ind #8512

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in California →

Blue Shield of California Employees Retirement Plan in the asset neighbourhood

Smart Local 265 Pension Fund$566MSt Louis Painters Pension PlanSt Louis Painters Pension Pl…$566MBlue Shield of California Employees Retirement PlanBlue Shield of California Em…$566MArconic Corp. Pension Plan B$565M32bj School Workers Pension Fund32bj School Workers Pension …$565M
End-of-year total assets ($M) among Blue Shield of California Employees Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All California Physicians Service Dba Blue Shield of California plans reported in each filing year

Latest sponsor-wide plan assets
$2.2B 32.467653318004395% vs 2022
2024 filing year
$1.6B$1.8B$2B$2.2B$2.4B 202220232024 $1.69B $2.24B ▲ +32.5%
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 Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Blue Shield of California Employees Retirement Plan, Total assets ($B): 0.565516148 · Participants: 2766Blue Shield of California Employees Retirement PlanKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan D
Blue Shield of California Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Blue Shield of California Employees Retirement Plan side-by-side with 3 peers →

Blue Shield of California Employees Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Arconic Corp. Pension Plan B in PA ($565M); by covered participants it is Ufcw Local 23 & Giant Eagle Pension Fund in PA (2,763 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($566M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,766 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Blue Shield of California Employees Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ufcw Local 23 & Giant Eagle Pension Fund in PA (2,763 participants, $74M in assets).

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.