401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$799M
Total assets: 3,053
Participants: 98th
Percentile by assets: $261,551
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

$799M in assets, 3,053 participants

Blue Cross & Blue Shield of Minnesota's Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported $799M in total assets and 3,053 participants in its 2023 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 127,072 plans)
#8,594 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Blue Cross and Blue Shield of Minnesota Employee Savings Plan covers 3,053 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $799M.

$799M
total plan assets (2023 EOY): 3,053
covered participants: 98th
percentile by assets (of 127,072 plans): $261,551
avg assets per participant

Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported net income rose from -$179M in the plan year 2022 filing to $109M in the plan year 2023 filing.
Blue Cross and Blue Shield of Minnesota Employee Savings Plan end-of-year assets rose from $689M in the plan year 2022 filing to $799M in the plan year 2023 filing.
Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported participants rose from 3,024 in the plan year 2022 filing to 3,053 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Finance & Insurance

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 3,053 participants - 2.7x that state average ($799M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$689M
Net Assets (End of Year)	$798M
Net Income	$109M
Employer EIN	410984460
Plan Effective Date	1984-05-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Blue Cross & Blue Shield of Minnesota plans on file

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 $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Blue Cross and Blue Shield of Minnesota … side-by-side with 3 peers →

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.

Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan (IN) $799M · 1,082
Vensure Employer Services, Inc. 401(k) Profit Sharing Plan (AZ) $798M · 34,972
Concentrix Retirement and Savings Plan (OH) $798M · 15,691
The Adecco Group 401(k) Plan (FL) $800M · 15,038

Frequently Asked Questions

How did Blue Cross and Blue Shield of Minnesota Employee Savings Plan assets move in 2023? ▼

Blue Cross and Blue Shield of Minnesota Employee Savings Plan grew sharply - up 15.9% during 2023, from $689M to $799M. Reported net income was $109M.

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 127,072 plans that reported assets for plan year 2023 (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 Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan in IN ($799M, 1,082 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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