# Skywater Technology Foundry, INC. 401(k) Plan
Source: https://planprovider.pro/companies/skywater-technology-foundry-inc-401k-plan

> Skywater Technology Foundry, INC.'s 401(k) plan: 699 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Skywater Technology Foundry, INC.

- **Sponsor EIN:** 814306229

- **Sponsor Address:** 2401 EAST 86TH STREET, BLOOMINGTON, MN, 554252704

- **Plan Type:** 401(k)

- **Total Participants:** 699

- **Total Assets:** $53.3M

## 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|699|$53.3M|$2.0M|$6.9M|

| 2023|726|$42.6M|$2.0M|$6.7M|

| 2022|682|$29.2M|$1.5M|$5.1M|

## 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|

| HAYS FINANCIAL GROUP|NONE|$88,694|—|$88,694|

| T ROWE PRICE RPS INC|NONE|$68,624|—|$68,624|

| REDPATH AND COMPANY, LLC.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [REDPATH AND COMPANY, LLC.](https://planprovider.pro/provider/redpath-and-company-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $157,318

- **Estimated Expense Ratio:** 0.295% 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|$157,310|—|—|—|—|

| 2023|$74,203|—|—|—|—|

| 2022|$70,781|—|$70,781|—|—|

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