401(k) · DOL Form 5500 · 2023

Blue Cross Blue Shield of Alabama 401(k) Plan

Data updated 2026-08-11

$757M
Total assets: 4,012
Participants: 98th
Percentile by assets: $188,795
Avg per participant

Official DOL plan name: Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan · Sponsored by Blue Cross Blue Shield of Alabama · Alabama · Finance & Insurance

$757M in assets, 4,012 participants

Blue Cross Blue Shield of Alabama's Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan reported $757M in total assets and 4,012 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)
#8,580 in Finance & Insurance (8,869 peers)

Coverage in Alabama

Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan covers 4,012 participants in Alabama, 11x the typical Alabama plan (state average ~360 per filing). Assets: $757M.

$757M
total plan assets (2023 EOY): 4,012
covered participants: 98th
percentile by assets (of 127,072 plans): $188,795
avg assets per participant

Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan reported net income rose from -$146M in the plan year 2022 filing to $132M in the plan year 2023 filing.
Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan end-of-year assets rose from $626M in the plan year 2022 filing to $757M in the plan year 2023 filing.
Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan reported participants fell from 4,087 in the plan year 2022 filing to 4,012 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Alabama

Industry

Finance & Insurance

Participants vs Alabama filers

In Alabama, the average filing covers about 360 participants across 1,591 plans. Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan reports 4,012 participants - 11x that state average ($757M EOY assets).

Alabama filing particulars

Total Assets (Beginning of Year)	$626M
Net Assets (End of Year)	$757M
Net Income	$132M
Employer EIN	630103830
Plan Effective Date	1985-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Blue Cross Blue Shield of Alabama)

Total plan assets by year, all Blue Cross Blue Shield of Alabama plans on file

Year	Plans	Participants	Total Assets
2022	2	6,241	$1.3B
2023	2	6,026	$1.5B
2024	2	6,246	$1.6B

Nearby 401(k) Plans in Alabama

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

Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan vs. nearby 401(k) plans in Alabama, assets vs. participants

Regions Financial Corporation 401(k) Plan $2.9B · 20,733
Encompass Health Corporation 401(k) Retirement Plan $1.5B · 24,565
Hexagon Employee Retirement Savings Plan $1.5B · 4,618
Vulcan 401(k) Plan $1.4B · 9,487
Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan $1.1B · N/A

Compare Blue Cross and Blue Shield of Al 401(k) … 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 Al 401(k) Plan Salary Deferral Plan by total assets, not by location.

Bellin Health 401(k) Retirement Plan (WI) $757M · 5,261
Audacy Inc. 401(k) Savings & Retirement Plan (PA) $759M · 4,016
Atos 401(k) Savings Plan (TX) $756M · 4,505
Bank of Hawaii Retirement Savings Plan (HI) $759M · 2,094

Frequently Asked Questions

How did Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan assets move in 2023? ▼

Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan grew sharply - up 21.0% during 2023, from $626M to $757M. Reported net income was $132M.

How have Blue Cross Blue Shield of Alabama plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Blue Cross Blue Shield of Alabama's sponsor-wide assets grew 24.3%, from $1.3B to $1.6B.

Where does Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan rank by assets among Form 5500 filers? ▼

Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral 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 401(k) plans are similar in size to Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan? ▼

Among 401(k) plans in other states, the closest by assets is Bellin Health 401(k) Retirement Plan in WI ($757M, 5,261 participants).

Next read for Blue Cross and Blue Shield of Al 401(k) …

Filing takeaways

Ways to act on Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan's numbers.

By total assets, Blue Cross and Blue Shield of Al 401(k) Plan Salary Deferral Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Alabama. Compare plans
Blue Cross Blue Shield of Alabama's sponsor-wide assets have grown 24.3% 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 630103830.