Blue Cross of Idaho Health Service, Inc. 401(k) Review & Grade
Blue Cross of Idaho Health Service, Inc. 401(k) Plan
Meridian, IDFinance & Insurance1,478 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,170Employer $ per active participant
$9,379Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$234.1MNet plan assets, end of year
$129,741Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 82th |
| Employee saving | 72th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,272 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Blue Cross of Idaho Health Service put in about $6,170 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $9,115,978 |
| Participant (employee) contributions | $13,857,406 |
| Other contributions (incl. rollovers in) | $1,461,029 |
| Administrative expenses paid from the plan | $150,140 |
| Investment advisory & management fees | $19,446 |
| Other admin expenses | $7,528 |
| Benefits paid out | $19,052,293 |
| Net assets, start / end of year | $200.2M / $234.1M |
| Active participants, start / end of year | 1,504 / 1,451 |
| Participants with account balances | 1,804 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $99,241 reported compensation |
| Eide Bailly, LLP | $24,000 reported compensation |
| Financial Engines | $19,446 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003082609NAL0000696435001, received 2025-10-03, EIN 82-0344294, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.