Defined Benefit (Pension) · DOL Form 5500 · 2023

Blue Cross & Blue Shield of Minnesota Pension Plan

Data updated 2026-08-25

$221M
Total assets Near avg plan size
3,045
Participants Above avg headcount
95th
Percentile by assets National rank
$72,584
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

$221M in assets, 3,045 participants

Blue Cross & Blue Shield of Minnesota's Blue Cross and Blue Shield of Minnesota Pension Plan reported $221M in total assets and 3,045 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,175 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Blue Cross and Blue Shield of Minnesota Pension Plan covers 3,045 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $221M.

#8,175
in Finance & Insurance (8,869 peers)
+8.4%
assets growth YoY
2.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$221,019,031 Top 5% higher than 95% 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 Pension 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 Pension Plan lands in the large band (3,045 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Blue Cross and Blue Shield of Minnesota Pension Plan reported net income rose from -$47M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Blue Cross and Blue Shield of Minnesota Pension Plan end-of-year assets rose from $204M in the plan year 2022 filing to $221M in the plan year 2023 filing.
  • Blue Cross and Blue Shield of Minnesota Pension Plan reported participants rose from 3,029 in the plan year 2022 filing to 3,045 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 410984460 · Blue Cross & Blue Shield of Minnesota PY 2023 · Defined Benefit (Pension)

Blue Cross and Blue Shield of Minnesota Pension Plan · $221M · 3,045 · 95th

  • EIN $221M
  • EIN 3,045
  • EIN 95th
  • EIN Defined Benefit (Pension)
  • EIN near Osram Sylvania Pension Plan
  • EIN ind #8175

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

Catholic Medical Center Pension PlanCatholic Medical Center Pens…$221MBlue Cross and Blue Shield of Minnesota Pension PlanBlue Cross and Blue Shield o…$221MOsram Sylvania Pension Plan$221MNon-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Arizona Inc.Non-Contributory Retirement …$221MGolden State Water Company Pension PlanGolden State Water Company P…$221M
End-of-year total assets ($M) among Blue Cross and Blue Shield of Minnesota Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$204M
Net Assets (End of Year)$221M
Net Income$17M
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): 0.221019031 · Participants: 3045Blue Cross and Blue Shield of Minnesota Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank 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 Osram Sylvania Pension Plan in NH ($221M); by covered participants it is Pension Plan for Employees of the Service Employee Int'l Union in DC (3,044 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,045 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 Pension Plan assets move in 2023? ▼
Blue Cross and Blue Shield of Minnesota Pension Plan grew at a solid clip - up 8.4% during 2023, from $204M to $221M. Reported net income was $17M.
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 95th 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 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 Osram Sylvania Pension Plan in NH ($221M, 275 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 Pension Plan for Employees of the Service Employee Int'l Union in DC (3,044 participants, $339M 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.