Defined Benefit (Pension) · DOL Form 5500 · 2024
Independence Blue Cross, LLC Pension Plan
Data updated 2026-08-06
- $687M
- Total assets
- 1,245
- Participants
- 98th
- Percentile by assets
- $551,880
- Avg per participant
Official DOL plan name: Pension Plan of Independence Blue Cross · Sponsored by Independence Blue Cross, LLC · Pennsylvania · Finance & Insurance
$687M in assets, 1,245 participants
Independence Blue Cross, LLC's Pension Plan of Independence Blue Cross reported $687M in total assets and 1,245 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 116,472 plans)
Where Pension Plan of Independence Blue Cross sits by assets
Pension Plan of Independence Blue Cross sits in the top 5% of all filed plans by assets, $687M for 1,245 participants (~$551,880/participant), down 2.5% in 2024.
- $687M
- total plan assets (2024 EOY)
- 1,245
- covered participants
- 98th
- percentile by assets (of 116,472 plans)
- $551,880
- avg assets per participant
The plan reported a net loss of $18M 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
- Pension Plan of Independence Blue Cross reported net income fell from $3M in the plan year 2023 filing to -$18M in the plan year 2024 filing.
- Pension Plan of Independence Blue Cross reported participants fell from 1,292 in the plan year 2023 filing to 1,245 in the plan year 2024 filing.
- Pension Plan of Independence Blue Cross end-of-year assets fell from $705M in the plan year 2023 filing to $687M in the plan year 2024 filing.
Pension Plan of Independence Blue Cross vs the 2024 asset distribution
By assets, Pension Plan of Independence Blue Cross outranks 98% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 6.9x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $705M |
|---|---|
| Net Assets (End of Year) | $686M |
| Net Income | -$18M |
| Employer EIN | 463867722 |
| Plan Effective Date | 1962-10-24 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Independence Blue Cross, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,263 | $1.5B |
| 2023 | 2 | 5,347 | $1.7B |
| 2024 | 2 | 5,530 | $1.6B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan of Independence Blue Cross vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
- Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan of Independence Blue Cross by total assets, not by location.
- Sharpsaver Retirement Plan (CA) $687M · 13,524
- Bwxt Retirement Plan (VA) $688M · 1,742
- Iron Workers District Council of New England Pension Fund (MA) $683M · 2,297
- Pension Plan for Certain Inactive Participants of American Water Works Company, Inc. and Its Designa (NJ) $682M · 2
Frequently Asked Questions
How did Pension Plan of Independence Blue Cross assets move in 2024? ▼
How have Independence Blue Cross, LLC plan assets changed over time? ▼
Where does Pension Plan of Independence Blue Cross rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Pension Plan of Independence Blue Cross? ▼
Next read for Pension Plan of Independence Blue Cross
Scale reading
Ways to act on Pension Plan of Independence Blue Cross's numbers.
- By total assets, Pension Plan of Independence Blue Cross 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 Pennsylvania. Compare plans
- Independence Blue Cross, LLC's sponsor-wide assets have grown 6.2% 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 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 463867722.
Read our methodology - how this data is sourced, computed, and verified.