Plan Snapshot
- Plan Sponsor: Blue Cross & Blue Shield Of Minnesota
- Sponsor EIN: 410984460
- Sponsor Address: P.O. BOX 64560, ST. PAUL, MN, 551641154
- Plan Type: DB
- Total Participants: 2,994
- Total Assets: $231.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,994 | $231.8M | $4.0M | $0 |
| 2023 | 3,055 | $221.0M | $8.0M | $0 |
| 2022 | 3,045 | $203.9M | $8.1M | $0 |
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 | $43,924 | — | $43,924 |
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: $43,924
- Estimated Expense Ratio: 0.019% 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 | $1,709,521 | $523,807 | $27,396 | $43,924 | — |
| 2023 | $1,843,737 | $503,594 | — | $7,213 | — |
| 2022 | $2,100,868 | $634,813 | — | — | $16,936 |