BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Contribution & Employer Match

How BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA Supports Your Retirement Savings

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA provides retirement savings benefits through BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN is $186,545.00

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN is $7,547.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
483,010.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 7,547.00 in BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN allocates $29,482,849.00 to match its employees’ contributions, providing an employer match rate of 54.11% of their contributions

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN is approximately $3,868.00
Investing in this additonal $3,868.00 for 20 years would give you extra $247,592.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Contribution & Match Policy

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Plan Policies

BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA 401(K) PLAN Contribution, Match and Other Plan Policies

  • Plan participants may contribute elective deferrals through payroll withholding deductions.
  • Elective deferrals are limited to 75% of compensation and are subject to Internal Revenue Code (IRC) limits.
  • Eligible employees are automatically enrolled in the Plan at a deduction rate of 2% of compensation unless they elect a different deduction rate, or unless they decline to participate.
  • For participants with a deferral rate of less than 6%, the deduction rate is automatically increased by 1% each January until the deduction rate reaches 6%, unless they decline the increase.
  • Blue Cross NC employer safe harbor matching contributions are 100% of the first 4% and 50% of the next 2% of compensation that participants contribute to the Plan.
  • Blue Cross NC nondiscretionary non-elective contributions equal 3% of compensation, allocated to eligible participants.
  • Echo employer safe harbor matching contributions are 100% of the first 6% of compensation that participants contribute to the Plan.
  • All participant and Participating Employer safe harbor matching contributions are fully vested.
  • Participants employed on or hired after January 1, 2024 are fully vested in Blue Cross NC employer non-elective contribution accounts.
  • All other Participating Employer contribution accounts are fully vested after three years of vesting service.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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