Minnesota › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Entrust Datacard Corporation Employees' Pension Plan
Sponsored by Entrust Corporation, Shakopee, MN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Entrust Corporation of Shakopee, Minnesota sponsors Entrust Datacard Corporation Employees' Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Mar 2025 shows 486 participants (120 active) and $35.6M in net assets.
Net assets came to $73,158 per participant, below the $87,254 median for defined benefit plans with 250 to 499 participants and above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $1.2M for the year ($9,708 per active participant) and benefits paid were $4.4M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $179K: $369 per participant, below the same-size median of $413. Administrative expenses charged to the plan were $570K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $67.1M in 2009 to $35.6M in 2024 (down 47%), and participants from 1,898 to 486 (down 74%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $73,158 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | $9,708 | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $369 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.51% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,172 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 486 | $35.6M | $73,158 | $1.2M | — | $179K |
| 2023 | 496 | $37.4M | $75,319 | $1.2M | — | $187K |
| 2022 | 511 | $38.0M | $74,409 | $3.7M | — | $320K |
| 2021 | 779 | $60.0M | $77,046 | $960K | — | $308K |
| 2020 | 804 | $65.8M | $81,817 | $5.6M | — | $326K |
| 2019 | 842 | $58.8M | $69,827 | $2.5M | — | $254K |
| 2018 | 853 | $58.3M | $68,385 | $1.1M | — | $288K |
| 2017 | 1,362 | $72.7M | $53,398 | $4.2M | — | $312K |
| 2016 | 1,408 | $70.7M | $50,248 | $900K | — | $306K |
| 2015 | 1,440 | $71.8M | $49,860 | $125K | — | $284K |
| 2014 | 1,462 | $76.5M | $52,340 | — | — | $377K |
| 2013 | 1,879 | $85.1M | $45,309 | $210K | — | $335K |
| 2012 | 1,805 | $80.4M | $44,561 | $850K | — | $265K |
| 2011 | 1,828 | $76.0M | $41,562 | $4.1M | — | $142K |
| 2010 | 1,858 | $72.4M | $38,954 | $450K | — | $173K |
| 2009 | 1,898 | $67.1M | $35,330 | $1.6M | — | $171K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$37,357,518
- Employer contributions$1,165,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,165,000
- Total income, including investment results$3,194,614
- Benefits paid$4,427,522
- Administrative expenses$569,772
- Total expenses$4,997,294
- Net income−$1,802,680
- Net transfers$0
- Net assets, end of year$35,554,838
Participants
- Active participants120
- Retired or separated, receiving benefits165
- Retired or separated, entitled to future benefits182
- Total participants, end of year486
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| SEI Private Trust Company | Custodial (securities); Trustee (directed); Investment management | $122,831 | $0 |
| Aon Consulting, Inc. | Actuarial | $56,589 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$390,352
- Investment advisory and management fees$119,207
- Actuarial fees$56,589
- Trustee and custodial fees$3,624
- Total administrative expenses$569,772
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$29.9M · 84.1%
- U.S. Government securities$5.3M · 14.9%
- Receivables$353K · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWipfli LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 334610.
Other plans of Entrust Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Entrust Corporation Employee Investment Plan | 1,986 | $472M |
Similar plans in Minnesota
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pentair Pump Group, Inc. Bargaining Unit Employees Pension Plan | Pentair Flow Technologies, LLC | 542 | $21.2M | $39,181 |
| Andersen Pension Plan | Andersen Corporation | 463 | $16.7M | $36,115 |
| Twin Cities Bakery Drivers Pension Plan | Twin Cities Bakery Drivers Pension Fund | 1,082 | $97.0M | $89,645 |
| Ridley USA Inc. Salaried Retirement Plan | Ridley USA Inc. | 444 | $47.9M | $107,772 |
| Retirement Plan B for Employees of American Crystal Sugar Company | American Crystal Sugar Company | 1,196 | $77.5M | $64,814 |
| Ridley USA Inc. Hourly Pension Plan | Ridley USA Inc. | 366 | $17.8M | $48,519 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Entrust Datacard Corporation Employees' Pension Plan?
486 participants at the end of the plan year ending 31 Mar 2025, of whom 120 were active employees, with net assets of $35,554,838. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Entrust Corporation contribute per participant?
The filing reports $1,165,000 in employer contributions for the year, which is $9,708 per active participant; the median for plans of the same type and size was $11,032 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $179,420 in compensation to service provider organisations, $369 per participant or 0.51% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $569,772. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Entrust Corporation. Investment advisory or management: SEI Private Trust Company. Trustee or custodian: SEI Private Trust Company. The financial statements were audited by Wipfli LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 15 Jan 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 41-0950297, plan 001, received 15 Jan 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.