BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM
Plan Contact
- Address: 200 EAST RANDOLPH,,CHICAGO,IL
- Contact person: JOHN BANTA
- Phone: (312) 297-6000
Plan General Information
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is $424,947,384.00.This plan was established in 1985.
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is 1824
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is $232,975.00
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is $9,526.00.
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is approximately $6,889.00
Investing in this additonal $6,889.00 for 20 years would give you extra $440,941.00, assuming a 10% annual return.
Investing in this additonal $6,889.00 for 20 years would give you extra $440,941.00, assuming a 10% annual return.
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Total Employer Contribution and Match Rate
In 2023, BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM allocates $12,566,841.00 to match its employees' contributions, providing an employer match rate of 73.68% of their contributions
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is 20.84%.
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is 19.67%. This measures the effectiveness of the plan participants' investments in the year.
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM Expense Ratio
In 2023, the investment and administrative expense ratio of BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM is 0.08%.
Enrollment Features
BLUE CROSS AND BLUE SHIELD ASSOCIATION TAX-FAVORED SAVINGS PROGRAM has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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