# Polar Semiconductor, LLC 401(k) Plan
Source: https://planprovider.pro/companies/polar-semiconductor-llc-401k-plan

> Polar Semiconductor, LLC's 401(k) plan: 559 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Polar Semiconductor, LLC

- **Sponsor EIN:** 203094949

- **Sponsor Address:** 2800 E OLD SHAKOPEE RD, BLOOMINGTON, MN, 55425

- **Plan Type:** 401(k)

- **Total Participants:** 559

- **Total Assets:** $148.7M

## 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|559|$148.7M|$2.4M|$5.3M|

| 2023|543|$131.4M|$2.3M|$5.0M|

| 2022|548|$120.3M|$2.3M|$4.9M|

## 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|

| T ROWE PRICE RPS INC|NONE|$63,537|—|$63,537|

| SIKICH CAPITAL MANAGEMENT LLC|NONE|$19,000|—|$19,000|

| BOYUM AND BARENSCHEER PLLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BOYUM AND BARENSCHEER PLLP](https://planprovider.pro/provider/boyum-and-barenscheer-pllp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $82,537

- **Estimated Expense Ratio:** 0.056% 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|$103,830|—|—|—|—|

| 2023|$67,452|—|—|—|—|

| 2022|$34,470|—|—|—|$19,000|

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