Blue Cross & Blue Shield of Minnesota 401(k) match, vesting and fees
What Blue Cross & Blue Shield of Minnesota's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Rsm US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Blue Cross & Blue Shield of Minnesota: employer contribution per participant | $2,627 | |
| Peer median | $2,966 |
| Blue Cross & Blue Shield of Minnesota: average balance | $183,791 | |
| Peer median | $104,792 |
| Blue Cross & Blue Shield of Minnesota: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $867M at the end of plan year 2021 to $885M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,858 | $885M | $12.6M | $2,627 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 4,995 | $798M | $12.6M | $2,562 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 4,990 | $689M | $11.1M | $2,255 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 5,036 | $867M | $11.8M | $2,374 | 0.05% | Not published | Form 5500 ↗ |
Other Blue Cross & Blue Shield of Minnesota plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Blue Cross and Blue Shield of Minnesota Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Rsm US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Blue Cross & Blue Shield of Minnesota match 401(k) contributions?
The match terms for the Blue Cross and Blue Shield of Minnesota Employee Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $12.6M in employer contributions, about $2,627 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Blue Cross & Blue Shield of Minnesota 401(k) match vested?
The vesting schedule for the Blue Cross and Blue Shield of Minnesota Employee Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Blue Cross & Blue Shield of Minnesota 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Blue Cross & Blue Shield of Minnesota.
I left Blue Cross & Blue Shield of Minnesota. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Blue Cross & Blue Shield of Minnesota, (651) 662-8000) or the recordkeeper, Fidelity Investments Institutional. The Blue Cross & Blue Shield of Minnesota old 401(k) page lists the contacts from every plan filing. Find an old Blue Cross & Blue Shield of Minnesota 401(k)
Data from the public Form 5500 annual reports Blue Cross & Blue Shield of Minnesota filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Blue Cross & Blue Shield of Minnesota. Not financial advice. Report a correction · Methodology