Plan Snapshot
- Plan Sponsor: Coherent Corp.
- Sponsor EIN: 251214948
- Sponsor Address: 375 SAXONBURG BLVD., SAXONBURG, PA, 160569430
- Plan Type: 401(k)
- Total Participants: 4,242
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,242 | $1.2B | $16.5M | $48.5M |
| 2023 | 3,054 | $1.2B | $11.3M | $33.1M |
| 2022 | 3,749 | $601.5M | $12.2M | $32.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $215,587 | — | $215,587 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $140,699 | — | $140,699 |
| SCHNEIDER DOWNS & CO., INC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- SCHNEIDER DOWNS & CO., INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $356,286
- Estimated Expense Ratio: 0.029% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $356,286 | $140,699 | $900 | — | — |
| 2023 | $275,092 | $75,178 | $600 | — | — |
| 2022 | $316,017 | $63,028 | — | — | — |