401(k) · DOL Form 5500 · 2023
Blue Cross Blue Shield of Michigan 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 6,006
- Participants
- 99th
- Percentile by assets
- $222,311
- Avg per participant
Official DOL plan name: Blue Cross Blue Shield of Michigan Employees' Savings Plan · Sponsored by Blue Cross Blue Shield of Michigan · Michigan · Finance & Insurance
$1.3B in assets, 6,006 participants
Blue Cross Blue Shield of Michigan's Blue Cross Blue Shield of Michigan Employees' Savings Plan reported $1.3B in total assets and 6,006 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)
- #8,698 in Finance & Insurance (8,869 peers)
Coverage in Michigan
Blue Cross Blue Shield of Michigan Employees' Savings Plan covers 6,006 participants in Michigan, 9.4x the typical Michigan plan (state average ~638 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2023 EOY)
- 6,006
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $222,311
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Blue Cross Blue Shield of Michigan Employees' Savings Plan reported net income rose from -$238M in the plan year 2022 filing to $241M in the plan year 2023 filing.
- Blue Cross Blue Shield of Michigan Employees' Savings Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Blue Cross Blue Shield of Michigan Employees' Savings Plan reported participants rose from 5,845 in the plan year 2022 filing to 6,006 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' Savings Plan reports 6,006 participants - 9.4x that state average ($1.3B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $241M |
| Employer EIN | 382069753 |
| Plan Effective Date | 1983-07-01 |
| 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 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Blue Cross Blue Shield of Michigan Employees' Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Scale composition for Blue Cross Blue Shield of Michigan Employees' Savings Plan
Blue Cross Blue Shield of Michigan Employees' Savings Plan reports $1.3B in end-of-year assets across 6,006 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $222,311 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $241M.
This plan identity (EIN 382069753, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.5B (+39.3%) while covered participants moved from 5,845 to 6,219 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,845 | $1.1B | Open filing |
| 2023 | 6,006 | $1.3B | This page |
| 2024 · index core | 6,219 | $1.5B | 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 401(k) Plans Nationally
401(k) plans in other states closest to Blue Cross Blue Shield of Michigan Employees' Savings Plan by total assets, not by location.
- Morgan, Lewis & Bockius LLP Tax Saver Retirement Plan (PA) $1.3B · 3,137
- Evergy, Inc. 401(k) Savings Plan (MO) $1.3B · 4,443
- Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program (IN) $1.3B · 7,493
- Roper Technologies, Inc. Employees' Retirement Savings 004 Plan (FL) $1.3B · 10,095
Frequently Asked Questions
How did Blue Cross Blue Shield of Michigan Employees' Savings 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' Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Blue Cross Blue Shield of Michigan Employees' Savings Plan? ▼
Next read for Blue Cross Blue Shield of Michigan Emplo…
Filing takeaways
Ways to act on Blue Cross Blue Shield of Michigan Employees' Savings Plan's numbers.
- By total assets, Blue Cross Blue Shield of Michigan Employees' 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 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