Blue Cross Blue Shield of Massachusetts 401(k) match, vesting and fees
What Blue Cross Blue Shield of Massachusetts' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Inst Oper Co. | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Blue Cross Blue Shield of Massachusetts: employer contribution per participant | $5,866 | |
| Peer median | $3,354 |
| Blue Cross Blue Shield of Massachusetts: average balance | $223,393 | |
| Peer median | $126,365 |
| Blue Cross Blue Shield of Massachusetts: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1B at the end of plan year 2023 to $1.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,553 | $1.2B | $31.7M | $5,866 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 5,489 | $1B | $29.3M | $5,556 | 0.02% | Not published | Form 5500 ↗ |
Other Blue Cross Blue Shield of Massachusetts plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Blue Cross and Blue Shield of Massachusetts, Inc. Retirement Income Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Blue Cross Blue Shield of Massachusetts match 401(k) contributions?
The match terms for the Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $31.7M in employer contributions, about $5,866 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Blue Cross Blue Shield of Massachusetts 401(k) match vested?
The vesting schedule for the Blue Cross and Blue Shield of Massachusetts, Inc. Employee Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Blue Cross Blue Shield of Massachusetts 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Inst Oper Co.. The plan administrator is Blue Cross Blue Shield of Massachusetts, Inc..
I left Blue Cross Blue Shield of Massachusetts. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Blue Cross Blue Shield of Massachusetts, Inc., (617) 246-5000) or the recordkeeper, Fidelity Investments Inst Oper Co.. The Blue Cross Blue Shield of Massachusetts old 401(k) page lists the contacts from every plan filing. Find an old Blue Cross Blue Shield of Massachusetts 401(k)
Data from the public Form 5500 annual reports Blue Cross Blue Shield of Massachusetts filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Blue Cross Blue Shield of Massachusetts. Not financial advice. Report a correction · Methodology