401(k) · DOL Form 5500 · 2024
Blue Cross Blue Shield of Michigan 401(k) Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 6,219
- Participants
- 99th
- Percentile by assets
- $244,645
- 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
$1.5B in assets, 6,219 participants
Blue Cross Blue Shield of Michigan's Blue Cross Blue Shield of Michigan Employees' Savings Plan reported $1.5B in total assets and 6,219 participants in its 2024 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 116,472 plans)
- #8,072 in Finance & Insurance (8,240 peers)
Coverage in Michigan
Blue Cross Blue Shield of Michigan Employees' Savings Plan covers 6,219 participants in Michigan, 9.8x the typical Michigan plan (state average ~632 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2024 EOY)
- 6,219
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $244,645
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Blue Cross Blue Shield of Michigan Employees' Savings Plan reported net income fell from $241M in the plan year 2023 filing to $186M in the plan year 2024 filing.
- Blue Cross Blue Shield of Michigan Employees' Savings Plan end-of-year assets rose from $1.3B in the plan year 2023 filing to $1.5B in the plan year 2024 filing.
- Blue Cross Blue Shield of Michigan Employees' Savings Plan reported participants rose from 6,006 in the plan year 2023 filing to 6,219 in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 632 participants across 3,963 plans. Blue Cross Blue Shield of Michigan Employees' Savings Plan reports 6,219 participants - 9.8x that state average ($1.5B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $186M |
| 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 $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Scale composition for Blue Cross Blue Shield of Michigan Employees' Savings Plan
Blue Cross Blue Shield of Michigan Employees' Savings Plan reports $1.5B in end-of-year assets across 6,219 participants (0.013% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.007% of 89,805,449 covered participants) - about $244,645 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2024 was $186M.
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 | Open filing |
| 2024 · index core | 6,219 | $1.5B | This page |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- 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.
- Cliftonlarsonallen LLP 401(k) Retirement Plan (MN) $1.5B · 7,938
- Smith & Nephew U.S. Savings Plan (TN) $1.5B · 6,667
- Marsh & Mclennan Agency 401(k) Savings & Investment Plan (NY) $1.5B · 11,530
- Staples, Inc. Employees' 401(k) Savings Plan (MA) $1.5B · 12,947
Frequently Asked Questions
How did Blue Cross Blue Shield of Michigan Employees' Savings Plan assets move in 2024? ▼
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