Coloplast Corp. 401(k) Review & Grade
Coloplast Corp. 401(k) Plan
Minneapolis, MNManufacturing1,274 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,421Employer $ per active participant
$12,289Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$228.4MNet plan assets, end of year
$114,749Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 86th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Coloplast put in about $5,421 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,906,372 |
| Participant (employee) contributions | $15,656,731 |
| Other contributions (incl. rollovers in) | $3,889,132 |
| Administrative expenses paid from the plan | $112,509 |
| Other admin expenses | $112,509 |
| Benefits paid out | $19,069,853 |
| Net assets, start / end of year | $194.7M / $228.4M |
| Active participants, start / end of year | 1,248 / 1,300 |
| Participants with account balances | 1,990 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli,llp |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $78,274 reported compensation |
| The Vanguard Group, Inc. | $39,185 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002114246NAL0000446433001, received 2025-10-02, EIN 26-0755281, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.