Blue Cross Blue Shield of South Carolina

LocationColumbia, SC
Asset Size>$500 million – $1 billion
Number of Participants10,000 or more participants
Business Healthcare
Participation rate95%
Avg. deferral rate7%
No. of funds offered28
Investment ReviewQuarterly
True-up MatchNo
MatchVesting Period2 years
EligibilityImmediately
Default deferral rate2%
Default investmentRetail TDF (Active)
Auto escalationOpt-out
Ret. Income offeringNone
Fee equalizationUnsure/Don’t know
Match Rate50% of first 6% of salary
% receiving full match>50%-75%
Max Employer Contribution9%
  
Financial education: 
Saving/budgetingx
Investing strategiesx
College savingx
Credit/debt mgtx
Tax/estate planning 
Retiree health costs/savings optionsx
  
RecordkeeperFidelity Investments
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