Plan Snapshot
- Plan Sponsor: Onto Innovation, INC.
- Sponsor EIN: 942276314
- Sponsor Address: PO BOX 860, BUDD LAKE, NJ, 07828
- Plan Type: 401(k)
- Total Participants: 885
- Total Assets: $263.7M
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 | 885 | $263.7M | $3.4M | $14.7M |
| 2023 | 928 | $230.8M | $2.8M | $13.5M |
| 2022 | 964 | $190.8M | $3.5M | $13.2M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES INC | ADVISOR | — | $214,988 | $214,988 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $6,172 | — | $6,172 |
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL SERVICES INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $221,160
- Estimated Expense Ratio: 0.084% 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 | $6,172 | — | $300 | — | — |
| 2023 | $6,900 | — | — | — | — |
| 2022 | $3,799 | — | — | — | — |