401(k) · DOL Form 5500 · 2023

Blue Cross Blue Shield of Massachusetts, Inc. 401(k) Plan

Data updated 2026-08-11

$1.0B
Total assets: 4,026
Participants: 99th
Percentile by assets: $260,605
Avg per participant

Official DOL plan name: Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan · Sponsored by Blue Cross Blue Shield of Massachusetts, Inc. · Massachusetts · Finance & Insurance

$1.0B in assets, 4,026 participants

Blue Cross Blue Shield of Massachusetts, Inc.'s Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reported $1.0B in total assets and 4,026 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#8,653 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan covers 4,026 participants in Massachusetts, 6.1x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.0B.

$1.0B
total plan assets (2023 EOY): 4,026
covered participants: 99th
percentile by assets (of 127,072 plans): $260,605
avg assets per participant

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reported net income rose from -$225M in the plan year 2022 filing to $173M in the plan year 2023 filing.
Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan end-of-year assets rose from $876M in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reported participants rose from 3,811 in the plan year 2022 filing to 4,026 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan reports 4,026 participants - 6.1x that state average ($1.0B EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$876M
Net Assets (End of Year)	$1.0B
Net Income	$173M
Employer EIN	041045815
Plan Effective Date	1978-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Blue Cross Blue Shield of Massachusetts, Inc.)

Total plan assets by year, all Blue Cross Blue Shield of Massachusetts, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	6,992	$1.8B
2023	2	6,927	$2.0B
2024	2	7,064	$2.1B

Nearby 401(k) Plans in Massachusetts

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

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Fidelity Retirement Savings Plan $28.6B · 62,289
Liberty Mutual 401(k) Plan $10.6B · 37,052
Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
Philips North America 401(k) Plan $5.8B · 19,120

Compare Blue Cross and Blue Shield of Massachuse… 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 Massachusetts, Inc. Employee Savings Plan by total assets, not by location.

Bok Financial 401(k) Plan (OK) $1.0B · 4,766
Idexx Retirement and Incentive Savings Plan (ME) $1.0B · 6,594
Southeastern Freight Lines Retirement Savings Program (SC) $1.0B · 8,710
Abc Supply Company Employees' Savings & Retirement Plan (WI) $1.0B · 15,701

Frequently Asked Questions

How did Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan assets move in 2023? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan grew sharply - up 19.7% during 2023, from $876M to $1.0B. Reported net income was $173M.

How have Blue Cross Blue Shield of Massachusetts, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Blue Cross Blue Shield of Massachusetts, Inc.'s sponsor-wide assets grew 16.2%, from $1.8B to $2.1B.

Where does Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan rank by assets among Form 5500 filers? ▼

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Bok Financial 401(k) Plan in OK ($1.0B, 4,766 participants).

Next read for Blue Cross and Blue Shield of Massachuse…

Filing takeaways

Ways to act on Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan's numbers.

By total assets, Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
Blue Cross Blue Shield of Massachusetts, Inc.'s sponsor-wide assets have grown 16.2% 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 041045815.