Plan Snapshot
- Plan Sponsor: Sanmina Corporation
- Sponsor EIN: 770228183
- Sponsor Address: 2700 N FIRST STREET, SAN JOSE, CA, 95134
- Plan Type: 401(k)
- Total Participants: 4,427
- Total Assets: $590.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 4,427 | $590.4M | $1.6M | $23.4M |
| 2023 | 4,413 | $538.1M | $1.7M | $22.8M |
| 2022 | 4,522 | $476.3M | $1.6M | $21.0M |
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 | $306,819 | — | $306,819 |
| INNOVEST | INVESTMENT ADVISOR | $9,275 | — | $9,275 |
| BAKER TILLY, US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- 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: $316,094
- Estimated Expense Ratio: 0.054% 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 | $319,245 | — | $600 | — | — |
| 2023 | $356,875 | — | $1,500 | — | — |
| 2022 | $371,346 | — | — | — | — |