Ent Credit Union 401(k) match, vesting and fees
What Ent Credit Union's 401(k) plan says about matching contributions
The Plan provides for safe harbor employer contributions for all eligible participants. Participants who have completed six months of service will be eligible to receive company safe harbor employer contributions equal to 3 percent of the participant's eligible compensation, regardless of the employee's hours of service or employment on the last day of the year. The safe harbor contribution for the year ended December 31, 2024 was approximately $3,710,000. The Credit Union may, at its discretion, provide employer matching contributions of 100 percent of the participant's contribution, not to exceed 6 percent of the employee's deferred compensation. Discretionary employer matching contributions for the year ended December 31, 2024 were approximately $5,940,000.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum of 50 percent of their account balances, not to exceed $50,000. | Audit report, p. 33 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Plante & Moran, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Ent Credit Union: employer contribution per participant | $5,776 | |
| Peer median | $2,966 |
| Ent Credit Union: average balance | $109,609 | |
| Peer median | $104,792 |
| Ent Credit Union: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.10% |
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 $144M at the end of plan year 2021 to $183M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,788 | $183M | $9.6M | $5,776 | 0.07% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 1,730 | $158M | $9.6M | $5,591 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 1,685 | $128M | $8.5M | $5,041 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 1,451 | $144M | $6.9M | $4,789 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Ent Credit Union match 401(k) contributions?
The audit report attached to the Ent Credit Union 401(k) Retirement Plan's plan year 2024 Form 5500, page 33 says: “The Plan provides for safe harbor employer contributions for all eligible participants. Participants who have completed six months of service will be eligible to receive company safe harbor employer contributions equal to 3 percent of the participant's eligible compensation, regardless of the employee's hours of service or employment on the last day of the year. The safe harbor contribution for the year ended December 31, 2024 was approximately $3,710,000. The Credit Union may, at its discretion, provide employer matching contributions of 100 percent of the participant's contribution, not to exceed 6 percent of the employee's deferred compensation. Discretionary employer matching contributions for the year ended December 31, 2024 were approximately $5,940,000.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ent Credit Union 401(k) match vested?
The vesting schedule for the Ent Credit Union 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ent Credit Union 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Ent Credit Union.
I left Ent Credit Union. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ent Credit Union, (719) 574-1100) or the recordkeeper, T Rowe Price Rps Inc. The Ent Credit Union old 401(k) page lists the contacts from every plan filing. Find an old Ent Credit Union 401(k)
Data from the public Form 5500 annual reports Ent Credit Union 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 Ent Credit Union. Not financial advice. Report a correction · Methodology