Plan Snapshot
- Plan Sponsor: Sk Hynix Memory Solutions America INC.
- Sponsor EIN: 651219928
- Sponsor Address: 3103 NORTH FIRST STREET, SAN JOSE, CA, 95134
- Plan Type: 401(k)
- Total Participants: 259
- Total Assets: $107.8M
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 | 259 | $107.8M | $2.0M | $5.8M |
| 2023 | 275 | $85.0M | $2.1M | $5.8M |
| 2022 | 282 | $64.3M | $2.1M | $5.8M |
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 |
|---|---|---|---|---|
| FINANCIAL ADVOCATES | CONSULTANT | $48,176 | — | $48,176 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $26,669 | — | $26,669 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FINANCIAL ADVOCATES — CONSULTANT
- STRATEGIC ADVISORS, INC. — ADVISOR
- 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: $74,845
- Estimated Expense Ratio: 0.069% 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 | $38,547 | $26,669 | — | — | — |
| 2023 | $19,810 | $36,144 | — | — | — |
| 2022 | $69,878 | $32,738 | — | — | — |