Plan Snapshot
- Plan Sponsor: Blue Cross & Blue Shield Of Minnesota
- Sponsor EIN: 410984460
- Sponsor Address: 3535 BLUE CROSS ROAD, EAGEN, MN, 55122
- Plan Type: 401(k)
- Total Participants: 2,995
- Total Assets: $884.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,995 | $884.6M | $12.6M | $32.9M |
| 2023 | 3,066 | $798.5M | $12.6M | $30.4M |
| 2022 | 3,053 | $688.9M | $11.1M | $29.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RSM US LLP | Auditor | $21,000 | — | $21,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,000
- Estimated Expense Ratio: 0.002% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $506,971 | $286,596 | — | $21,000 | — |
| 2023 | $332,434 | $202,336 | — | $2,786 | — |
| 2022 | $447,712 | $120,783 | — | — | $48,038 |