Employers › BCBSM
Recordkeeping fees per participant · Blue Cross and Blue Shield of Minnesota Employee Savings Plan · plan year 2024
$26.96
Higher than 23% of the 1,697 plans $250M to 1B that report it.
= $129,756 / 4,813
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014204146NAL0003595457001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014204146NAL0003595457001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Administrative expenses excluding investment management, per participant
$45.79
Higher than 27% of the 2,324 plans $250M to 1B that report it.
= $220,375 / 4,813
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014204146NAL0003595457001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014204146NAL0003595457001, received 2025-10-14
Administrative expenses per participant
$105.33
Higher than 62% of the 2,405 plans $250M to 1B that report it.
= $506,971 / 4,813
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014204146NAL0003595457001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014204146NAL0003595457001, received 2025-10-14
Administrative expenses as a share of assets
0.057%
Higher than 39% of the 2,407 plans $250M to 1B that report it.
= $506,971 / $884,584,676
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014204146NAL0003595457001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014204146NAL0003595457001, received 2025-10-14
Employer contributions per participant
$2,627
Higher than 41% of the 2,457 plans $250M to 1B that report it.
= $12,645,807 / 4,813
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014204146NAL0003595457001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014204146NAL0003595457001, received 2025-10-14
Employer share of total contributions
23.6%
Higher than 26% of the 2,459 plans $250M to 1B that report it.
= $12,645,807 / $53,564,865
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014204146NAL0003595457001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014204146NAL0003595457001, received 2025-10-14
Plan terms are not published in public filings.
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014204146NAL0003595457001, received 2025-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BLUE CROSS & BLUE SHIELD OF MINNESOTA | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Plan name | BLUE CROSS AND BLUE SHIELD OF MINNESOTA EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Sponsor EIN / plan number | 41-0984460 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Sponsor location | EAGEN, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Industry (business code) | 524140, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Participants, beginning of year | 4,995 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Active participants | 2,995 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Participants, end of year | 4,858 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Participants with an account balance | 4,813 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total assets, beginning of year | $798,514,594 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total assets, end of year | $884,584,676 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Net assets, end of year | $884,584,676 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total income | $182,892,881 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Net income | $86,267,847 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Employer contributions | $12,645,807 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Participant contributions | $32,908,257 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $8,010,801 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total contributions | $53,564,865 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Benefit payments | $96,118,063 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $96,625,034 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Total administrative expenses | $506,971 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Recordkeeping fees | $129,756 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| IQPA audit fees | $21,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Investment advisory and management fees | $286,596 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Administrative expenses excluding investment management | $220,375 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Held in common/collective trusts | $749,000,680 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Held in mutual funds | $102,740,943 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014204146NAL0003595457001, received 2025-10-14 |
| Independent auditor | RSM US LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014204146NAL0003595457001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014204146NAL0003595457001, received 2025-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $172,971 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | NONE | 37 Participant loan processing; 50 Direct payment from the plan; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $129,756 | yes |
| R.V. KUHNS & ASSOCIATES, INC. | NONE | 16 Consulting (general); 50 Direct payment from the plan | $76,125 | no |
| MERCER INVESTMENTS LLC | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $37,500 | no |
| BLUECROSS BLUESHIELD ASSOCIATION | NONE | 16 Consulting (general); 50 Direct payment from the plan | $34,874 | no |
| RSM US LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $21,000 | no |
| FOLEY & LARDNER LLP | NONE | 29 Legal; 50 Direct payment from the plan | $7,797 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014204146NAL0003595457001, received 2025-10-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $798,514,594 | $884,584,676 | 10.8% |
| Participants with a balance | 4,930 | 4,813 | -2.4% |
| Administrative expenses | $332,434 | $506,971 | 52.5% |
| Recordkeeping fees per participant | $23.31 | $26.96 | 15.7% |
| Employer contributions | $12,631,449 | $12,645,807 | 0.1% |
Prior filing 20241015093800NAL0029151681001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: BLUE CROSS & BLUE SHIELD OF MINNESOTA; SEC registrant: BCBSM, Inc. (CIK 1800228, matched by EIN).