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BLUECROSS BLUESHIELD OF TENNESSEE

Chattanooga, Tennessee
500+ employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Bluecross Blueshield Of Tennessee Employee Retirement Savings Program
This plan meets industry benchmarks with a balanced mix of contributions and features but may need enhancements to stand out in recruitment.
BLUECROSS BLUESHIELD OF TENNESSEE
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$3,383
Avg Employer Contribution per Person per Year
Competitive
Not EE Friendly
Plan Design
Below
EE Friendly
Admin Fees as a % of Total Assets
Below
13%
1 Year Return
Competitive

Peer Group

Size
500+ employees
Region
All Region Average
Industry
Finance and Insurance

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Bluecross Blueshield Of Tennessee Employee Retirement Savings Program
Plan type
401k
Plan start date
06/01/1991
Plan assets
$1,263,555,153
Participation Rate
99.82 %
Loan %
1.28 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
Yes

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
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Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
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Administrative Fees %
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