Plan Snapshot
- Plan Sponsor: Psemi Corporation
- Sponsor EIN: 860652659
- Sponsor Address: 9369 CARROLL PARK DRIVE, SAN DIEGO, CA, 92121
- Plan Type: 401(k)
- Total Participants: 539
- Total Assets: $121.1M
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 | 539 | $121.1M | $3.2M | $8.9M |
| 2023 | 575 | $99.4M | $3.0M | $8.3M |
| 2022 | 552 | $78.4M | $2.7M | $7.2M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $55,461 | — | $55,461 |
| WARREN AVERETT LLC | ACCOUNTANT | $5,079 | — | $5,079 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WARREN AVERETT LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,540
- Estimated Expense Ratio: 0.050% 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 | $60,540 | — | $300 | — | — |
| 2023 | $7,400 | — | — | — | — |
| 2022 | $5,275 | — | — | — | — |