Defined Benefit (Pension) · DOL Form 5500 · 2024
Blue Cross Blue Shield of Michigan Pension Plan
Data updated 2026-08-06
- $893M
- Total assets
- 6,733
- Participants
- 98th
- Percentile by assets
- $132,695
- 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
$893M in assets, 6,733 participants
Blue Cross Blue Shield of Michigan's Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reported $893M in total assets and 6,733 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)
- #7,974 in Finance & Insurance (8,240 peers)
Coverage in Michigan
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan covers 6,733 participants in Michigan, 11x the typical Michigan plan (state average ~632 per filing). Assets: $893M.
- $893M
- total plan assets (2024 EOY)
- 6,733
- covered participants
- 98th
- percentile by assets (of 116,472 plans)
- $132,695
- avg assets per participant
The plan reported a net loss of $21M 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 Blue Shield of Michigan Employees' Retirement Account Plan reported net income fell from $31M in the plan year 2023 filing to -$21M in the plan year 2024 filing.
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reported participants rose from 6,430 in the plan year 2023 filing to 6,733 in the plan year 2024 filing.
- Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan end-of-year assets fell from $914M in the plan year 2023 filing to $893M 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' Retirement Account Plan reports 6,733 participants - 11x that state average ($893M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $914M |
|---|---|
| Net Assets (End of Year) | $893M |
| Net Income | -$21M |
| 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
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
- Fca US LLC Pension Plan $3.7B · 2,267
Scale composition for Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan
Blue Cross Blue Shield of Michigan Employees' Retirement Account Plan reports $893M in end-of-year assets across 6,733 participants (0.008% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.007% of 89,805,449 covered participants) - about $132,695 per participant (97% of the national average assets-per-participant) . Net income for plan year 2024 was -$21M.
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 | Open filing |
| 2024 · index core | 6,733 | $893M | This page |
The same sponsor also keeps 3 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 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.
- Thermo Fisher Scientific Inc. Retirement Plan (PA) $894M · 1,517
- Permanente Physicians Retirement Plan for Mapmg (CA) $893M · 2,216
- Duquesne Light Company Defined Benefit Retirement Plan (PA) $895M · 327
- Cottage Health Pension Plan (CA) $890M · 3,623
Frequently Asked Questions
How did Blue Cross Blue Shield of Michigan Employees' Retirement Account 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' 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? ▼
Next read for Blue Cross Blue Shield of Michigan Emplo…
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