401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-11

$885M
Total assets: 3,066
Participants: 98th
Percentile by assets: $288,514
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

$885M in assets, 3,066 participants

Blue Cross & Blue Shield of Minnesota's Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported $885M in total assets and 3,066 participants in its 2024 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 123,622 plans)
#8,273 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Blue Cross and Blue Shield of Minnesota Employee Savings Plan covers 3,066 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $885M.

$885M
total plan assets (2024 EOY): 3,066
covered participants: 98th
percentile by assets (of 123,622 plans): $288,514
avg assets per participant

Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported net income fell from $109M in the plan year 2023 filing to $86M in the plan year 2024 filing.
Blue Cross and Blue Shield of Minnesota Employee Savings Plan end-of-year assets rose from $799M in the plan year 2023 filing to $885M in the plan year 2024 filing.
Blue Cross and Blue Shield of Minnesota Employee Savings Plan reported participants rose from 3,053 in the plan year 2023 filing to 3,066 in the plan year 2024 filing.

See the national 2023→2024 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 3,066 participants - 2.7x that state average ($885M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$799M
Net Assets (End of Year)	$885M
Net Income	$86M
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

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

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.

Carpenter Technology Corporation 401(k) Retirement (PA) $885M · 3,804
Dick's Sporting Goods, Inc. Smart Savings 401(k) Plan (PA) $884M · 51,564
IBEW Local 332 Pension Plan Part B (CA) $886M · 2,215
Vericast Corp. 401(k) Plan (TX) $883M · 4,306

Frequently Asked Questions

How did Blue Cross and Blue Shield of Minnesota Employee Savings Plan assets move in 2024? ▼

Blue Cross and Blue Shield of Minnesota Employee Savings Plan grew at a solid clip - up 10.8% during 2024, from $799M to $885M. Reported net income was $86M.

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 123,622 plans that reported assets for plan year 2024 (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 Carpenter Technology Corporation 401(k) Retirement in PA ($885M, 3,804 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 2024.

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