Plan Ledger DOL Form 5500 · updated monthly

Entrust Corporation401(k)

ENTRUST CORPORATION EMPLOYEE INVESTMENT PLAN · SHAKOPEE, MN · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Entrust Corporation reported $235,230 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $7,638 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.04% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 88th-largest of 1,918 plans among Minnesota employers on file, and the 592nd of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$471,626,980
Participants with balances1,966
Active participants1,494
Employer contributions$11,411,873
Employee contributions$19,502,540
Employer contribution per active participant$7,638
Average account balance$239,892
Benefits paid to participants$46,039,252
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$471.6M · 1,966 accts · $11.4M emplr
2023$427.3M · 1,982 accts · $11.0M emplr
2022$367.0M · 1,909 accts · $10.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,604
Investment management$37,626
Total administrative$235,230
The Entrust Corporation 401(k) match · 2024
Employer contribution per active participant$7,638
Median for plans this size$4,294
2024$7,638 per active participant
2023$7,182 per active participant
2022$6,951 per active participant

Entrust Corporation's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$159,366
MERCER INVESTMENTS LLC · Contract administrator · Investment advisory (plan)$62,626
JP MORGAN CHASE · Investment advisory (plan)$12,500
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$235,230 · 0.05%
2023$169,373 · 0.04%
2022$167,541 · 0.04%
Same employer
Similar plansManufacturing · Minnesota
H.B. Fuller Company MN$529.3M · 0.21%
Apogee Enterprises, Inc. MN$497.1M · 0.12%
Tennant Company MN$486.4M · 0.08%
Toppan Merrill LLC MN$460.8M · 0.04%
Ablenet, Inc. MN$454.6M
Bio-Techne Corporation MN$377.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410950297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.