BLUE CROSS BLUE SHIELD OF SC EMPLOYEE SAVINGS AND SALARY REDUCTION PLAN Contribution & Employer Match

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

BLUE CROSS AND BLUE SHIELD OF SOUTH CAROLINA provides retirement savings benefits through BLUE CROSS BLUE SHIELD OF SC EMPLOYEE SAVINGS AND SALARY REDUCTION 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.

* 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 BLUE SHIELD OF SC EMPLOYEE SAVINGS AND SALARY REDUCTION PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 50% of their compensation to the plan.

2. Employer Match/Contribution Conditions: The employer matches 50% of the first 6% that a participant contributes to the Plan. Additionally, a discretionary contribution of 6% of the participant’s compensation may be made for certain divisions.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their voluntary contributions. All Company contributions are 100% vested after two years of service. Employees must be at least 21 years old and are eligible to participate upon date of hire.

4. Yes, it allows Roth 401(k) contribution.