Plan Snapshot
- Plan Sponsor: Qorvo Us, INC.
- Sponsor EIN: 953654013
- Sponsor Address: 2300 NE BROOKWOOD PARKWAY, HILLSBORO, OR, 97124
- Plan Type: 401(k)
- Total Participants: 4,547
- Total Assets: $1.2B
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 | 4,547 | $1.2B | $19.2M | $53.8M |
| 2023 | 4,237 | $1.1B | $15.8M | $50.7M |
| 2022 | 4,436 | $925.6M | $15.6M | $49.4M |
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 | $100,519 | — | $100,519 |
| CAPFINANCIAL PARTNERS, LLC | INVESTMENT ADVISOR | $82,000 | — | $82,000 |
| KBF CPAS LLP | ACCOUNTANT/AUDITOR | $17,500 | — | $17,500 |
| KBF CPAS - AUDIT, LLP | Auditor | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KBF CPAS LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $217,519
- Estimated Expense Ratio: 0.017% 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 | $198,554 | — | $5,700 | $17,500 | — |
| 2023 | $238,275 | — | $1,500 | $16,967 | — |
| 2022 | $501,989 | — | — | — | — |