Defined Benefit (Pension) · DOL Form 5500 · 2022

Blue Cross & Blue Shield of Minnesota Pension Plan

Data updated 2026-08-25

$204M
Total assets Near avg plan size
3,029
Participants Above avg headcount
96th
Percentile by assets National rank
$67,311
Avg per participant Below avg balance/head
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Official DOL plan name: Blue Cross and Blue Shield of Minnesota Pension Plan · Sponsored by Blue Cross & Blue Shield of Minnesota · Minnesota · Finance & Insurance

$204M in assets, 3,029 participants

Blue Cross & Blue Shield of Minnesota's Blue Cross and Blue Shield of Minnesota Pension Plan reported $204M in total assets and 3,029 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,578 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Blue Cross and Blue Shield of Minnesota Pension Plan covers 3,029 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $204M.

#8,578
in Finance & Insurance (9,261 peers)
-18.7%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $47M 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 Pension Plan's outsized position by total assets

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

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

$203,884,850 Top 4% higher than 96% 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 Pension 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 Pension Plan lands in the large band (3,029 participants).

Plan-year Form 5500 strip

Filing strip 410984460 · Blue Cross & Blue Shield of Minnesota PY 2022 · Defined Benefit (Pension)

Blue Cross and Blue Shield of Minnesota Pension Plan · $204M · 3,029 · 96th

  • PART $204M
  • PART 3,029
  • PART 96th
  • PART Defined Benefit (Pension)
  • PART near Haynes International, Inc. Pension Plan
  • PART ind #8578

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 Pension Plan in the asset neighbourhood

The Defined Benefit Pension Plan of the Head Start Sponsoring BoardThe Defined Benefit Pension …$204MBlue Cross and Blue Shield of Minnesota Pension PlanBlue Cross and Blue Shield o…$204MHaynes International, Inc. Pension PlanHaynes International, Inc. P…$204MRyerson Pension Plan$204MMymichigan Health Employees' Pension PlanMymichigan Health Employees'…$204M
End-of-year total assets ($M) among Blue Cross and Blue Shield of Minnesota Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$251M
Net Assets (End of Year)$204M
Net Income-$47M
Employer EIN410984460
Plan Effective Date1953-01-01
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 Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Blue Cross and Blue Shield of Minnesota Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Blue Cross and Blue Shield of Minnesota Pension Plan, Total assets ($B): 0.20388485 · Participants: 3029Blue Cross and Blue Shield of Minnesota Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Blue Cross and Blue Shield of Minnesota Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Blue Cross and Blue Shield of Minnesota Pension Plan side-by-side with 3 peers →

Blue Cross and Blue Shield of Minnesota Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Haynes International, Inc. Pension Plan in IN ($204M); by covered participants it is General Dynamics Retirement Plan (Commercial) in VA (3,036 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($204M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,029 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 Pension Plan assets move in 2022? ▼
Blue Cross and Blue Shield of Minnesota Pension Plan declined sharply - down 18.7% during 2022, from $251M to $204M. Reported net income was -$47M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Blue Cross and Blue Shield of Minnesota Pension Plan ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to Blue Cross and Blue Shield of Minnesota Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Haynes International, Inc. Pension Plan in IN ($204M, 319 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Blue Cross and Blue Shield of Minnesota Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is General Dynamics Retirement Plan (Commercial) in VA (3,036 participants, $1.9B 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.