401(k) · DOL Form 5500 · 2022
Blue Cross & Blue Shield of Minnesota 401(k) Plan
Data updated 2026-08-11
- $689M
- Total assets
- 3,024
- Participants
- 98th
- Percentile by assets
- $227,819
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $689M
- total plan assets (2022 EOY)
- 3,024
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $227,819
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Blue Cross and Blue Shield of Minnesota Employee Savings Plan reports 3,024 participants - 2.7x that state average ($689M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $867M |
|---|---|
| Net Assets (End of Year) | $689M |
| Net Income | -$179M |
| Employer EIN | 410984460 |
| Plan Effective Date | 1984-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Blue Cross & Blue Shield of Minnesota)
| 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
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Blue Cross and Blue Shield of Minnesota Employee Savings Plan by total assets, not by location.
- Alaska Airlines, Inc. Cops, Mrp & Dispatch 401(k) Plan (WA) $689M · 6,637
- Kirby 401(k) Plan (TX) $688M · 5,033
- Ptc 401(k) Savings Plan (MA) $689M · 2,379
- Nvr, Inc. Profit Sharing Plan (VA) $690M · 6,910
Frequently Asked Questions
How did Blue Cross and Blue Shield of Minnesota Employee Savings Plan assets move in 2022? ▼
How have Blue Cross & Blue Shield of Minnesota plan assets changed over time? ▼
Where does Blue Cross and Blue Shield of Minnesota Employee Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Blue Cross and Blue Shield of Minnesota Employee Savings Plan? ▼
Next read for Blue Cross and Blue Shield of Minnesota …
Filing takeaways
Ways to act on Blue Cross and Blue Shield of Minnesota Employee Savings Plan's numbers.
- By total assets, Blue Cross and Blue Shield of Minnesota Employee Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Blue Cross & Blue Shield of Minnesota's sponsor-wide assets have grown 25.0% since 2022 across 3 plan years on file. More Finance & Insurance plans