401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$1.0B
Total assets Very large vs avg
4,026
Participants Above avg headcount
99th
Percentile by assets National rank
$260,605
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,653
in Finance & Insurance (8,869 peers)
+19.7%
assets growth YoY
11×
vs typical plan assets (national mean)

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan's outsized position by total assets

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan vs every filed plan by assets

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

$1,049,196,290 Top 1% higher than 99% 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 Cross and Blue Shield of Massachusetts, Inc. Employee Savings 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 Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan lands in the large band (4,026 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 2022→2023 release diff →

DOL schedule card

Filing strip 041045815 · Blue Cross Blue Shield of Massachusetts, Inc. PY 2023 · 401(k)

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan · $1.0B · 4,026 · 99th

  • VS-ST $1.0B
  • BOY 4,026
  • SCH 99th
  • EBSA 401(k)
  • PART near Bok Financial 401(k) Plan
  • TYPE ind #8653

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 Massachusetts →

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan in the asset neighbourhood

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings PlanBlue Cross and Blue Shield o…$1.0BBok Financial 401(k) Plan$1.0BIdexx Retirement and Incentive Savings PlanIdexx Retirement and Incenti…$1.0BSoutheastern Freight Lines Retirement Savings ProgramSoutheastern Freight Lines R…$1.0BAbc Supply Company Employees' Savings & Retirement PlanAbc Supply Company Employees…$1.0B
End-of-year total assets ($B) among Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$876M
Net Assets (End of Year)$1.0B
Net Income$173M
Employer EIN041045815
Plan Effective Date1978-07-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Blue Cross Blue Shield of Massachusetts, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.1B 16.187976712569725% vs 2022
2024 filing year
$1.7B$1.8B$1.9B$2B$2.1B$2.2B 202220232024 $1.79B $2.08B ▲ +16.2%
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 Scatter plot of 6 data points. 020000400006000080000 -10010203040 Total assets ($B) Participants Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan, Total assets ($B): 1.04919629 · Participants: 4026Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan side-by-side with 3 peers →

Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Bok Financial 401(k) Plan in OK ($1.0B); by covered participants it is Faurecia USA Holdings, Inc. Union Retirement Savings Plan in MI (4,030 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,026 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 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).
Which 401(k) plans cover a similar participant headcount to Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Faurecia USA Holdings, Inc. Union Retirement Savings Plan in MI (4,030 participants, $68M 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 041045815.

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.