Education Minnesota 401(k) match, vesting and fees
What Education Minnesota's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Harrington Langer & Associates (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Education Minnesota: employer contribution per participant | $6,040 | |
| Peer median | $1,803 |
| Education Minnesota: average balance | $241,261 | |
| Peer median | $48,934 |
| Education Minnesota: admin expenses ÷ assets | 0.17% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $32.7M at the end of plan year 2021 to $40.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 186 | $40.8M | $1M | $6,040 | 0.17% | Not published | Form 5500 ↗ |
| 2023 | 199 | $39.7M | $1M | $5,868 | 0.14% | Not published | Form 5500 ↗ |
| 2022 | 190 | $34.9M | $1M | $5,783 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 191 | $32.7M | $918K | $5,338 | 0.15% | Not published | Form 5500 ↗ |
Other Education Minnesota plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Education Minnesota Employees Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Harrington Langer & Associates (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Education Minnesota match 401(k) contributions?
The match terms for the Education Minnesota Employee'S Savings and Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $1M in employer contributions, about $6,040 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Education Minnesota 401(k) match vested?
The vesting schedule for the Education Minnesota Employee'S Savings and Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Education Minnesota 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Education Minnesota.
I left Education Minnesota. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Education Minnesota, (651) 292-4810) or the recordkeeper, Transamerica Retirement Solutions. The Education Minnesota old 401(k) page lists the contacts from every plan filing. Find an old Education Minnesota 401(k)
Data from the public Form 5500 annual reports Education Minnesota filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Education Minnesota. Not financial advice. Report a correction · Methodology