Form 5500 · Employee benefit plan · MINNEAPOLIS, MN
MEDTRONIC
The filing calls this plan MEDTRONIC GROUP INSURANCE PLAN.
MEDTRONIC of MINNEAPOLIS, MN insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is BSC AGENCY, LLC. Coverage is written through DELTA DENTAL OF MINNESOTA and 13 other carriers. The plan's most recent policy period ended in June.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 41-0793183 · plan 540 · plan year 2025, filed Jul 20, 2026
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74 other employer plans in Minnesota have policy years ending in June. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 7 insured health contracts, with KAISER FOUNDATION HEALTH PLAN, INC., covers 954 of 47,080 participants (2%) on Schedule A.
Also declared: severance, death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 17 insured contracts covering health, dental, vision, life and disability; the largest, with DELTA DENTAL OF MINNESOTA, covers 72,487 people.
Reported premium across the insured contracts is $102,849,813, with $2,312,423 in disclosed broker commissions — about 2.2% of premium.
The health contract's policy period ended in June, while at least one ancillary line's policy period ended in December. The plan is on a split renewal cycle.
BSC AGENCY, LLC is the broker of record on 2 of the 17 contracts; the rest name a different broker or none.
14 carriers appear on the filing, including DELTA DENTAL OF MINNESOTA, HARTFORD LIFE AND ACCIDENT, RELIANCE STANDARD LIFE INSURANCE COMPANY and VISION SERVICE PLAN. DELTA DENTAL OF MINNESOTA writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| RELIASTAR LIFE INSURANCE COMPANY | — | 31,454 | Jan 1, 2026 | $6,712,700 | $671,270 |
| HARTFORD LIFE AND ACCIDENT | Life | 45,348 | Jan 1, 2026 | $20,137,068 | $668,707 |
| ZURICH AMERICAN INSURANCE COMPANY | — | 99,800 | Jan 1, 2026 | $2,087,772 | $417,554 |
| RELIANCE STANDARD LIFE INSURANCE COMPANY | Disability | 38,116 | Jan 1, 2026 | $13,040,422 | $260,808 |
| ARAG INSURANCE COMPANY | — | 13,220 | Jan 1, 2026 | $1,348,904 | $134,890 |
| GENWORTH LIFE INSURANCE COMPANY | Health | 675 | Jul 1, 2025 | $957,188 | $95,299 |
| MULTINATIONAL LIFE INSURANCE COMPANY | Disability | 5,722 | Jan 1, 2026 | $269,893 | $53,979 |
| RELIANCE STANDARD LIFE INSURANCE COMPANY | Disability | 1,042 | Jan 1, 2026 | $495,789 | $9,916 |
| DELTA DENTAL OF MINNESOTA | Dental | 72,487 | Jan 1, 2026 | $36,469,832 | $0 |
| VISION SERVICE PLAN | Vision | 25,982 | Jan 1, 2026 | $6,835,776 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 954 | Jan 1, 2026 | $6,550,455 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 446 | Jan 1, 2026 | $3,523,924 | $0 |
| PRUDENTIAL INSURANCE COMPANY OF AMERICA | Health | 965 | May 1, 2025 | $2,418,139 | $0 |
| HARTFORD LIFE AND ACCIDENT | — | 17,895 | Jan 1, 2026 | $1,386,981 | $0 |
| HMSA | Health | 39 | Jan 1, 2026 | $226,006 | $0 |
| AETNA LIFE INSURANCE COMPANY | Health, Dental, Vision | 24 | Jan 1, 2026 | $206,001 | $0 |
| AETNA INTERNATIONAL | Health, Dental, Vision | 21 | Jan 1, 2026 | $182,963 | $0 |
Premium and claims on these contracts
MULTINATIONAL LIFE INSURANCE COMPANY, contract 139-8985-000. For the contract year on this filing, the carrier reported $269,893 in premium earned and $112,018 in claims incurred. Dividing one by the other gives 42%.
DELTA DENTAL OF MINNESOTA, contract 103001. For the contract year on this filing, the carrier reported $36,469,832 in premium earned and $32,923,873 in claims incurred. Dividing one by the other gives 90%.
- MULTINATIONAL LIFE INSURANCE COMPANY, contract 139-8985-000 reported $53,979 in retention.
- DELTA DENTAL OF MINNESOTA, contract 103001 reported $9,208,633 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Reported to OSHA
Reported to OSHA for 2025: 13,608 employees, 33 recordable cases, 100 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
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