Plan Ledger DOL Form 5500 · updated monthly

Trean Corporation401(k)

TREAN CORPORATION INCENTIVE SAVINGS PLAN · WAYZATA, MN · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Trean Corporation reported $116,102 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $4,990 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 0.14% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 692nd-largest of 1,918 plans among Minnesota employers on file, and 2,408th of 4,798 in finance & insurance. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,251,030
Participants with balances377
Active participants306
Employer contributions$1,526,951
Employee contributions$2,262,599
Employer contribution per active participant$4,990
Average account balance$80,241
Benefits paid to participants$7,377,087
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 377 accts · $1.5M emplr
2023$29.3M · 412 accts · $1.9M emplr
2022$23.5M · 434 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,102
Audit (IQPA)$41,000
Total administrative$116,102
The Trean Corporation 401(k) match · 2024
Employer contribution per active participant$4,990
Median for plans this size$2,416
2024$4,990 per active participant
2023$5,973 per active participant
2022$5,761 per active participant

Trean Corporation's 2024 employer contribution ran above the $2,416 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$75,102
BOULAY GROUP · Accounting / audit$41,000
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)indirect comp
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)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$116,102 · 0.39%
2023$57,438 · 0.22%
2022$34,912 · 0.14%
Same employer
Similar plansFinance & Insurance · Minnesota
Ideal Credit Union MN$28.1M · 0.17%
Wnb Holding Company MN$28.0M · 0.34%
Longevity Holdings Inc MN$27.9M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411966220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.