Entrust Corporation 401(k) Review & Grade
Entrust Corporation Employee Investment Plan
Shakopee, MNManufacturing1,556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,336Employer $ per active participant
$12,538Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$471.6MNet plan assets, end of year
$239,892Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 92th |
| Lower admin cost | 87th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,522 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Entrust put in about $7,336 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 | $11,411,873 |
| Participant (employee) contributions | $19,502,540 |
| Other contributions (incl. rollovers in) | $4,263,559 |
| Administrative expenses paid from the plan | $235,230 |
| Contract administrator fees | $197,604 |
| Investment advisory & management fees | $37,626 |
| Benefits paid out | $46,039,252 |
| Net assets, start / end of year | $427.3M / $471.6M |
| Active participants, start / end of year | 1,617 / 1,494 |
| Participants with account balances | 1,966 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $159,366 reported compensation |
| Mercer Investments LLC | $62,626 reported compensation |
| JP Morgan Chase | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140425NAL0000688419001, received 2025-10-13, EIN 41-0950297, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.