Plan Snapshot
- Plan Sponsor: Kla Corporation
- Sponsor EIN: 042564110
- Sponsor Address: 1 TECHNOLOGY DRIVE, MILPITAS, CA, 95035
- Plan Type: 401(k)
- Total Participants: 7,680
- Total Assets: $2.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 7,680 | $2.1B | $27.5M | $88.8M |
| 2023 | 4,593 | $1.8B | $26.4M | $83.7M |
| 2022 | 4,426 | $1.5B | $27.9M | $73.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $276,453 | — | $276,453 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $187,076 | — | $187,076 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISORY | $85,303 | — | $85,303 |
| MOSS ADAMS, LLP | ACCOUNTANT | $43,050 | — | $43,050 |
| BAKER TILLY US, LLP | Auditor | $43,050 | — | $43,050 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISORY
- MOSS ADAMS, LLP — ACCOUNTANT
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $634,932
- Estimated Expense Ratio: 0.030% 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 | $589,749 | $276,453 | — | $43,050 | — |
| 2023 | $424,663 | $208,741 | — | $38,595 | — |
| 2022 | $273,661 | $122,045 | — | — | — |