Defined Benefit (Pension) · DOL Form 5500 · 2024
Blue Cross and Blue Shield of Alabama Pension Plan
Data updated 2026-08-11
- $712M
- Total assets
- 1,955
- Participants
- 98th
- Percentile by assets
- $364,133
- Avg per participant
Official DOL plan name: Blue Cross and Blue Shield of Alabama Retirement Plan · Sponsored by Blue Cross and Blue Shield of Alabama · Alabama · Finance & Insurance
$712M in assets, 1,955 participants
Blue Cross and Blue Shield of Alabama's Blue Cross and Blue Shield of Alabama Retirement Plan reported $712M in total assets and 1,955 participants in its 2024 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 123,622 plans)
- #8,228 in Finance & Insurance (8,549 peers)
Coverage in Alabama
Blue Cross and Blue Shield of Alabama Retirement Plan covers 1,955 participants in Alabama, 5.4x the typical Alabama plan (state average ~360 per filing). Assets: $712M.
- $712M
- total plan assets (2024 EOY)
- 1,955
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $364,133
- avg assets per participant
The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Blue Cross and Blue Shield of Alabama Retirement Plan reported net income fell from $82M in the plan year 2023 filing to -$25M in the plan year 2024 filing.
- Blue Cross and Blue Shield of Alabama Retirement Plan end-of-year assets fell from $737M in the plan year 2023 filing to $712M in the plan year 2024 filing.
- Blue Cross and Blue Shield of Alabama Retirement Plan reported participants fell from 2,014 in the plan year 2023 filing to 1,955 in the plan year 2024 filing.
Participants vs Alabama filers
In Alabama, the average filing covers about 360 participants across 1,591 plans. Blue Cross and Blue Shield of Alabama Retirement Plan reports 1,955 participants - 5.4x that state average ($712M EOY assets).
Alabama filing particulars
| Total Assets (Beginning of Year) | $737M |
|---|---|
| Net Assets (End of Year) | $712M |
| Net Income | -$25M |
| Employer EIN | 630103830 |
| Plan Effective Date | 1947-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Blue Cross and Blue Shield of Alabama)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 6,241 | $1.3B |
| 2023 | 2 | 6,026 | $1.5B |
| 2024 | 2 | 6,246 | $1.6B |
Nearby Defined Benefit (Pension) Plans in Alabama
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Blue Cross and Blue Shield of Alabama Retirement Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
- Regions Financial Corporation Retirement Plan $1.2B · 282
- Regions Financial Corporation Retirement Plan for Associates $708M · 2,240
- Retail, Wholesale & Department Store International Union and Industry Pension Fund $619M · 1,556
- Vulcan Materials Company Pension Plan $471M · 740
- Alabama Farmers Federation and Affiliated Companies Retirement Plan $460M · 871
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Blue Cross and Blue Shield of Alabama Retirement Plan by total assets, not by location.
- Pension Plan for Employees of American Water Works Company, Inc. & Its Designated Subsidiaries (NJ) $712M · 1,488
- Yum Brands Retirement Plan (KY) $711M · 2,572
- Teamsters Negotiated Pension Plan (MO) $713M · 2,256
- Permanente Physicians Retirement Plan (OR) $711M · 754
Frequently Asked Questions
How did Blue Cross and Blue Shield of Alabama Retirement Plan assets move in 2024? ▼
How have Blue Cross and Blue Shield of Alabama plan assets changed over time? ▼
Where does Blue Cross and Blue Shield of Alabama Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Blue Cross and Blue Shield of Alabama Retirement Plan? ▼
Next read for Blue Cross and Blue Shield of Alabama Re…
Filing takeaways
Ways to act on Blue Cross and Blue Shield of Alabama Retirement Plan's numbers.
- By total assets, Blue Cross and Blue Shield of Alabama Retirement 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 Alabama. Compare plans
- Blue Cross and Blue Shield of Alabama's sponsor-wide assets have grown 24.3% since 2022 across 3 plan years on file. More Finance & Insurance plans