# Sk Hynix Memory Solutions America INC. 401(k) Plan
Source: https://planprovider.pro/companies/sk-hynix-memory-solutions-america-inc-401k-plan

> Sk Hynix Memory Solutions America INC.&#39;s 401(k) plan: 259 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/kestra-advisory-services-llc) — CONSULTANT

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/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|—|—|—|

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