Employer · plans filed under one EIN
California Physicians Service, DBA Blue Shield of Ca
Oakland, CA · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under California Physicians Service, DBA Blue Shield of Ca's employer identification number (Oakland, California). Their latest filings total 17,337 participant records and $2.24B in net assets.
The largest is Blue Shield of California Tax Deferred Salary Investment Plan, a 401(k) plan with 10,619 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $62.7M and participant contributions $79.8M in the latest plan years; benefits paid were $156M. Schedule C compensation reported to service provider organisations totalled $2.9M.
Combined net assets moved from $444M in 2009 to $2.24B in 2024 (up 405%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Blue Shield of California Tax Deferred Salary Investment Plan | 401(k) plan | 2024 | 10,619 | $1.68B | $158,484 | $6,335 | $735K |
| Blue Shield of California Employees Retirement Plan | cash balance pension plan | 2024 | 6,718 | $561M | $83,520 | $6,559 | $2.1M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 17,337 | $2.24B | $62.7M | $79.8M |
| 2023 | 2 | 17,385 | $2.00B | $68.5M | $76.0M |
| 2022 | 2 | 17,919 | $1.69B | $72.6M | $75.5M |
| 2021 | 2 | 18,372 | $2.07B | $55.8M | $71.8M |
| 2020 | 2 | 17,674 | $1.81B | $63.3M | $64.3M |
| 2019 | 2 | 17,175 | $1.47B | $50.9M | $56.9M |
| 2018 | 2 | 17,113 | $1.18B | $87.3M | $50.8M |
| 2017 | 2 | 16,095 | $1.19B | $66.7M | $42.5M |
| 2016 | 2 | 17,097 | $954M | $58.1M | $40.0M |
| 2015 | 2 | 16,110 | $877M | $61.7M | $36.4M |
| 2014 | 2 | 15,640 | $836M | $37.7M | $31.9M |
| 2013 | 2 | 15,242 | $777M | $28.9M | $29.5M |
| 2012 | 2 | 13,226 | $650M | $28.4M | $28.2M |
| 2011 | 2 | 13,914 | $559M | $44.6M | $25.7M |
| 2010 | 2 | 13,676 | $525M | $33.0M | $23.2M |
| 2009 | 2 | 13,519 | $444M | $35.3M | $22.4M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Blue Cross and Blue Shield Assoc. | Plan Administrator | 1 | $1,135,558 |
| Strategic Advisors, Inc. | Investment advisory (plan) | 1 | $456,703 |
| Fidelity Investments Institutional | Trustee (directed); Participant loan processing | 1 | $236,808 |
| Acadian Asset Management | Investment management | 1 | $224,164 |
| The Northern Trust Company | Trustee (directed) | 1 | $207,437 |
| Income Research and Management Inc. | Trustee (bank, trust company, or similar financial institution) | 1 | $155,409 |
| Baillie Gifford | Investment management | 1 | $147,900 |
| BlackRock Financial Management, Inc. | Investment management | 1 | $137,588 |
| Victory Capital Management Inc. | Investment management | 1 | $45,060 |
| Armanino LLP | Accounting (including auditing) | 1 | $42,179 |
| Blue Shield of California | Contract Administrator | 1 | $31,407 |
| Mercer Investments, LLC | Investment advisory (plan) | 1 | $21,250 |
| Armanino LLP | Accounting (including auditing) | 1 | $20,016 |
| SS&C | Other services | 1 | $0 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does California Physicians Service, DBA Blue Shield of Ca have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Blue Shield of California Tax Deferred Salary Investment Plan and Blue Shield of California Employees Retirement Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does California Physicians Service, DBA Blue Shield of Ca contribute to its plans?
$62,723,566 in employer contributions across these plans in their latest plan years, about $6,387 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Blue Cross and Blue Shield Assoc., Strategic Advisors, Inc., Fidelity Investments Institutional and Acadian Asset Management and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.