Defined Benefit (Pension) · DOL Form 5500 · 2023
Blue Cross Blue Shield of Michigan Pension Plan
Data updated 2026-08-11
- $914M
- Total assets
- 6,430
- Participants
- 98th
- Percentile by assets
- $142,149
- Avg per participant
Official DOL plan name: Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan · Sponsored by Blue Cross Blue Shield of Michigan · Michigan · Finance & Insurance
$914M in assets, 6,430 participants
Blue Cross Blue Shield of Michigan's Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reported $914M in total assets and 6,430 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)
- #8,626 in Finance & Insurance (8,869 peers)
Coverage in Michigan
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan covers 6,430 participants in Michigan, 10x the typical Michigan plan (state average ~638 per filing). Assets: $914M.
- $914M
- total plan assets (2023 EOY)
- 6,430
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $142,149
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reported net income rose from -$95M in the plan year 2022 filing to $31M in the plan year 2023 filing.
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan end-of-year assets rose from $883M in the plan year 2022 filing to $914M in the plan year 2023 filing.
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reported participants fell from 6,601 in the plan year 2022 filing to 6,430 in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reports 6,430 participants - 10x that state average ($914M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $883M |
|---|---|
| Net Assets (End of Year) | $914M |
| Net Income | $31M |
| Employer EIN | 382069753 |
| Plan Effective Date | 1948-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Blue Cross Blue Shield of Michigan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 15,548 | $2.7B |
| 2023 | 4 | 15,287 | $3.0B |
| 2024 | 4 | 16,052 | $3.2B |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
- Ford Motor Company UAW Retirement Plan $19.3B · 26,442
- Ford Motor Company General Retirement Plan $12.7B · 10,215
- Dow Employees' Pension Plan $11.5B · 14,051
- Fca US LLC UAW Pension Agreement $11.2B · 13,635
Scale composition for Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reports $914M in end-of-year assets across 6,430 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $142,149 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2023 was $31M.
This plan identity (EIN 382069753, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $883M to $893M (+1.2%) while covered participants moved from 6,601 to 6,733 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,601 | $883M | Open filing |
| 2023 | 6,430 | $914M | This page |
| 2024 · index core | 6,733 | $893M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Blue Cross Blue Shield of Michigan Employees' Savings Plan (401(k), $1.5B, 6,219 participants)
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan (Defined Benefit (Pension), $893M, 6,733 participants)
- Blue Cross Blue Shield of Michigan Represented Employees' Retirement Income Plan (Defined Benefit (Pension), $651M, 1,682 participants)
- Blue Cross Blue Shield of Michigan Represented Employees' Savings Plan (401(k), $118M, 1,418 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan by total assets, not by location.
Frequently Asked Questions
How did Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan assets move in 2023? ▼
How have Blue Cross Blue Shield of Michigan plan assets changed over time? ▼
Where does Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan? ▼
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Filing takeaways
Ways to act on Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan's numbers.
- By total assets, Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan 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 Michigan. Compare plans
- Blue Cross Blue Shield of Michigan's sponsor-wide assets have grown 16.4% since 2022 across 3 plan years on file. More Finance & Insurance plans