Capital Blue Cross 401(k) Review & Grade
Capital Blue Cross Employee Savings Plan
Harrisburg, PAFinance & Insurance2,250 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,088Employer $ per active participant
$7,688Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$507.8MNet plan assets, end of year
$176,683Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 96th |
| Employee saving | 57th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Capital Blue Cross put in about $6,088 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.
- 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 | $13,698,055 |
| Participant (employee) contributions | $17,298,458 |
| Other contributions (incl. rollovers in) | $2,612,274 |
| Administrative expenses paid from the plan | $78,194 |
| Benefits paid out | $43,386,778 |
| Net assets, start / end of year | $454.0M / $507.8M |
| Active participants, start / end of year | 2,260 / 2,240 |
| Participants with account balances | 2,874 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Invesco Advisers, Inc. | $0 reported compensation |
| Dimensional Fund Advisors LP | $0 reported compensation |
| Blackrock Advisors, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002150526NAL0001012368001, received 2025-10-02, EIN 23-0455154, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.