401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$799M
Total assets Above avg plan size
3,053
Participants Above avg headcount
98th
Percentile by assets National rank
$261,551
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

$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.

  • #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.

#8,594
in Finance & Insurance (8,869 peers)
+15.9%
assets growth YoY
8.0×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$798,514,594 Top 2% higher than 98% of 127,068 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 2023

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

Plan-year 2023 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 (3,053 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Form 5500 schedule snapshot

Filing strip 410984460 · Blue Cross & Blue Shield of Minnesota PY 2023 · 401(k)

Blue Cross and Blue Shield of Minnesota Employee Savings Plan · $799M · 3,053 · 98th

  • EOY $799M
  • 5500 3,053
  • ASSETS 98th
  • PCT 401(k)
  • EIN near Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan
  • RANK ind #8594

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

The Adecco Group 401(k) Plan$800MInfrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation PlanInfrastructure Prosperity Gr…$799MBlue Cross and Blue Shield of Minnesota Employee Savings PlanBlue Cross and Blue Shield o…$799MVensure Employer Services, Inc. 401(k) Profit Sharing PlanVensure Employer Services, I…$798MConcentrix Retirement and Savings PlanConcentrix Retirement and Sa…$798M
End-of-year total assets ($M) among Blue Cross and Blue Shield of Minnesota Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$689M
Net Assets (End of Year)$798M
Net Income$109M
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 -50510152025 Total assets ($B) Participants Blue Cross and Blue Shield of Minnesota Employee Savings Plan, Total assets ($B): 0.798514594 · Participants: 3053Blue Cross and Blue Shield of Minnesota Employee Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan in IN ($799M); by covered participants it is The Service Companies 401(k) Profit Sharing Plan and Trust in FL (3,053 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,053 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 The Service Companies 401(k) Profit Sharing Plan and Trust in FL (3,053 participants, $4M in assets).

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.

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.