Plan Snapshot
- Plan Sponsor: Credo Semiconductor, INC.
- Sponsor EIN: 472718546
- Sponsor Address: 110 RIO ROBLES, SAN JOSE, CA, 95134
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $16.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 207 | $16.1M | $0 | $3.3M |
| 2023 | 184 | $11.0M | $0 | $2.6M |
| 2022 | 155 | $6.8M | $0 | $2.0M |
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 |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP, LLC | INVESTMENT/FINANCIAL ADVI | $18,257 | — | $18,257 |
| FRANK RIMERMAN CO.LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRANK RIMERMAN CO.LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,257
- Estimated Expense Ratio: 0.113% 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 | $19,123 | $18,258 | — | — | — |
| 2023 | $455 | — | — | — | — |
| 2022 | $8,169 | — | — | — | — |