Retirement plan

INFINEON TECHNOLOGIES SAVINGS PLAN

Name: INFINEON TECHNOLOGIES AMERICAS CORP. - INFINEON TECHNOLOGIES SAVINGS PLAN (2024) Form 5500
Creator: INFINEON TECHNOLOGIES AMERICAS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INFINEON TECHNOLOGIES SAVINGS PLAN, INFINEON TECHNOLOGIES AMERICAS CORP.

INFINEON TECHNOLOGIES AMERICAS CORP.EIN 95-1528961Plan #005PY 2024

640 NORTH MCCARTHY BOULEVARD - MILPITAS, CA 95035408-503-2667

Other plans on this EIN

1 filing

#004Retirement-$25.6M assets

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed July 19, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1743.1M

-58.5% from 2016

Total participants

6,513

-58.2% from 2016

Average account balance

$269,366

-0.8% from 2016

Annual return

16.72%

-130.20 pp from 2016

Benchmarks

See 839 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort839 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.74B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$269K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

6,471

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$97

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$357,265
CAPFINANCIAL PARTNERS LLC8 years Service code 28 · EIN 26-0058143	Investment Management	$131,730
FISHER INVESTMENTS4 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$34,849
STEEL PEAK WEALTH MGMT LLC2 years Filed as: STEELPEAK WEALTH LLC Service code 26 · EIN 46-1173026	Advisory (Participants)	$26,172
WESTMOUNT ASSET MANAGEMENT LLC1 year Filed as: WESTMOUNT PARTNERS LLC Service code 26 · EIN 45-2550468	Advisory (Participants)	$15,819
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Shareholder servicing fees; Other inv...	$14,128
TROUTMAN SANDERS LLP10+ years Service code 29 · EIN 58-0946915	Legal	$12,038
BKD, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$8,400
LARSON FINANCIAL SERVICES INC1 year Service code 26 · EIN 41-1851637	Advisory (Participants)	$6,411
CORIENT PRIVATE WEALTH LLC1 year Service code 26 · EIN 88-0967642	Advisory (Participants)	$5,004

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$630K

$177 / participant

Recordkeeping$344K54.7%
Investment mgmt$262K41.6%
Actuarial$12K1.9%
Other / not subdivided$12K1.8%

% of EOY assets

0.036%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $11,550
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$269,366

$110,258+144.3%

$102,460+162.9%

$200,096+34.6%

Participation rate

98.8%

86.3%+12.5pp

76.5%+22.3pp

72.0%+26.8pp

Annual return

16.72%

35.78%-19.1pp

29.47%-12.7pp

34.26%-17.5pp

Employer contribution / active EE

$11,706

$3,605+224.7%

$3,025+287.0%

$3,038+285.4%

Participant deferral / active EE

$16,112

$6,377+152.6%

$5,056+218.7%

$5,090+216.6%

Admin fee / account holder

$97

$122-20.4%

$9,460-99.0%

$269-63.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$357,265

CAPFINANCIAL PARTNERS LLC8 years

Service code 28 · EIN 26-0058143

Investment Management

$131,730

FISHER INVESTMENTS4 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$34,849

STEEL PEAK WEALTH MGMT LLC2 years

Filed as: STEELPEAK WEALTH LLC

Service code 26 · EIN 46-1173026

Advisory (Participants)

$26,172

WESTMOUNT ASSET MANAGEMENT LLC1 year

Filed as: WESTMOUNT PARTNERS LLC

Service code 26 · EIN 45-2550468

Advisory (Participants)

$15,819

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Other inv...

$14,128

TROUTMAN SANDERS LLP10+ years

Service code 29 · EIN 58-0946915

Legal

$12,038

BKD, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$8,400

LARSON FINANCIAL SERVICES INC1 year

Service code 26 · EIN 41-1851637

Advisory (Participants)

$6,411

CORIENT PRIVATE WEALTH LLC1 year

Service code 26 · EIN 88-0967642

Advisory (Participants)

$5,004

INFINEON TECHNOLOGIES SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INFINEON TECHNOLOGIES SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion