Defined Benefit (Pension) · DOL Form 5500 · 2023

Independence Blue Cross, LLC Pension Plan

Data updated 2026-08-11

$705M
Total assets: 1,292
Participants: 98th
Percentile by assets: $545,713
Avg per participant

Official DOL plan name: Pension Plan of Independence Blue Cross · Sponsored by Independence Blue Cross, LLC · Pennsylvania · Finance & Insurance

$705M in assets, 1,292 participants

Independence Blue Cross, LLC's Pension Plan of Independence Blue Cross reported $705M in total assets and 1,292 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)
#8,557 in Finance & Insurance (8,869 peers)

Where Pension Plan of Independence Blue Cross sits by assets

Pension Plan of Independence Blue Cross sits in the top 5% of all filed plans by assets, $705M for 1,292 participants (~$545,713/participant), up 0.4% in 2023.

$705M
total plan assets (2023 EOY): 1,292
covered participants: 98th
percentile by assets (of 127,072 plans): $545,713
avg assets per participant

Pension Plan of Independence Blue Cross reported net income rose from -$172M in the plan year 2022 filing to $3M in the plan year 2023 filing.
Pension Plan of Independence Blue Cross reported participants fell from 1,405 in the plan year 2022 filing to 1,292 in the plan year 2023 filing.
Pension Plan of Independence Blue Cross end-of-year assets rose from $702M in the plan year 2022 filing to $705M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Finance & Insurance

Pension Plan of Independence Blue Cross vs the 2023 asset distribution

By assets, Pension Plan of Independence Blue Cross outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 7.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$702M
Net Assets (End of Year)	$704M
Net Income	$3M
Employer EIN	463867722
Plan Effective Date	1962-10-24
Filing Status	FILING RECEIVED

Sponsor Plan History (Independence Blue Cross, LLC)

Total plan assets by year, all Independence Blue Cross, LLC plans on file

Year	Plans	Participants	Total Assets
2022	2	5,263	$1.5B
2023	2	5,347	$1.7B
2024	2	5,530	$1.6B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Pension Plan of Independence Blue Cross vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

Compare Pension Plan of Independence Blue Cross side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pension Plan of Independence Blue Cross by total assets, not by location.

Hotel Union and Hotel Industry of Hawaii Pension Plan (HI) $705M · 7,370
Community Hospital of the Monterey Peninsula Retirement Plan (CA) $704M · 907
Pension Plan for Employees of American Water Works Company, Inc. & Its Designated Subsidiaries (NJ) $703M · 1,633
Mea-Messa-Mea Financial Services Staff Retirement Plan & Trust (MI) $708M · 524

Frequently Asked Questions

How did Pension Plan of Independence Blue Cross assets move in 2023? ▼

Pension Plan of Independence Blue Cross held essentially flat - up 0.4% during 2023, from $702M to $705M. Reported net income was $3M.

How have Independence Blue Cross, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Independence Blue Cross, LLC's sponsor-wide assets grew 6.2%, from $1.5B to $1.6B.

Where does Pension Plan of Independence Blue Cross rank by assets among Form 5500 filers? ▼

Pension Plan of Independence Blue Cross 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 Pension Plan of Independence Blue Cross? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Hotel Union and Hotel Industry of Hawaii Pension Plan in HI ($705M, 7,370 participants).

Next read for Pension Plan of Independence Blue Cross

Scale reading

Ways to act on Pension Plan of Independence Blue Cross's numbers.

By total assets, Pension Plan of Independence Blue Cross 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 Pennsylvania. Compare plans
Independence Blue Cross, LLC's sponsor-wide assets have grown 6.2% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 463867722.