401(k) · DOL Form 5500 · 2022

Blue Cross & Blue Shield of Minnesota 401(k) Plan

Data updated 2026-08-25

$689M
Total assets Above avg plan size
3,024
Participants Above avg headcount
98th
Percentile by assets National rank
$227,819
Avg per participant Above avg balance/head
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Official DOL plan name: Blue Cross and Blue Shield of Minnesota Employee Savings Plan · Sponsored by Blue Cross & Blue Shield of Minnesota · Minnesota · Finance & Insurance

$689M in assets, 3,024 participants

Blue Cross & Blue Shield of Minnesota's Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported $689M in total assets and 3,024 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,980 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Blue Cross and Blue Shield of Minnesota Employee Savings Plan covers 3,024 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $689M.

#8,980
in Finance & Insurance (9,261 peers)
-20.6%
assets change YoY
6.9×
vs typical plan assets (national mean)

The plan reported a net loss of $179M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Blue Cross and Blue Shield of Minnesota Employee Savings Plan's outsized position by total assets

Blue Cross and Blue Shield of Minnesota Employee Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$688,924,139 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Blue Cross and Blue Shield of Minnesota Employee Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Blue Cross and Blue Shield of Minnesota Employee Savings Plan lands in the large band (3,024 participants).

EBSA filing schedule strip

Filing strip 410984460 · Blue Cross & Blue Shield of Minnesota PY 2022 · 401(k)

Blue Cross and Blue Shield of Minnesota Employee Savings Plan · $689M · 3,024 · 98th

  • RANK $689M
  • PHOTO 3,024
  • IND 98th
  • EOY 401(k)
  • 5500 near Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan
  • ASSETS ind #8980

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Minnesota →

Blue Cross and Blue Shield of Minnesota Employee Savings Plan in the asset neighbourhood

Nvr, Inc. Profit Sharing Plan$690MPtc 401(k) Savings Plan$689MAlaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) PlanAlaska Airlines, Inc. Cops, …$689MBlue Cross and Blue Shield of Minnesota Employee Savings PlanBlue Cross and Blue Shield o…$689MKirby 401(k) Plan$688M
End-of-year total assets ($M) among Blue Cross and Blue Shield of Minnesota Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$867M
Net Assets (End of Year)$689M
Net Income-$179M
Employer EIN410984460
Plan Effective Date1984-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Blue Cross & Blue Shield of Minnesota)

Sponsor-wide plan assets over time

All Blue Cross & Blue Shield of Minnesota plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 25.046443612811785% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.89B $1.12B ▲ +25.8%
Year Plans Participants Total Assets
2022 2 6,053 $893M
2023 2 6,098 $1.0B
2024 2 6,121 $1.1B

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Blue Cross and Blue Shield of Minnesota Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Blue Cross and Blue Shield of Minnesota Employee Savings Plan, Total assets ($B): 0.688924139 · Participants: 3024Blue Cross and Blue Shield of Minnesota Employee Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Blue Cross and Blue Shield of Minnesota Employee Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Blue Cross and Blue Shield of Minnesota Employee Savings Plan side-by-side with 3 peers →

Blue Cross and Blue Shield of Minnesota Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan in WA ($689M); by covered participants it is Medvet, Inc. Employees Savings Trust in OH (3,023 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($689M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,024 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Blue Cross and Blue Shield of Minnesota Employee Savings Plan assets move in 2022? ▼
Blue Cross and Blue Shield of Minnesota Employee Savings Plan declined sharply - down 20.6% during 2022, from $867M to $689M. Reported net income was -$179M.
How have Blue Cross & Blue Shield of Minnesota plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Blue Cross & Blue Shield of Minnesota's sponsor-wide assets grew 25.0%, from $893M to $1.1B.
Where does Blue Cross and Blue Shield of Minnesota Employee Savings Plan rank by assets among Form 5500 filers? ▼
Blue Cross and Blue Shield of Minnesota Employee Savings Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Blue Cross and Blue Shield of Minnesota Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan in WA ($689M, 6,637 participants).
Which 401(k) plans cover a similar participant headcount to Blue Cross and Blue Shield of Minnesota Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Medvet, Inc. Employees Savings Trust in OH (3,023 participants, $86M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410984460.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.