Plan Snapshot
- Plan Sponsor: Wolfspeed, INC.
- Sponsor EIN: 561572719
- Sponsor Address: 4600 SILICON DRIVE, DURHAM, NC, 27703
- Plan Type: 401(k)
- Total Participants: 4,007
- Total Assets: $504.9M
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 | 4,007 | $504.9M | $12.9M | $38.0M |
| 2023 | 4,437 | $448.7M | $13.0M | $37.2M |
| 2022 | 4,065 | $365.3M | $10.8M | $30.6M |
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 |
|---|---|---|---|---|
| ROMEO, WIGGINS & COMPANY, L.L.P. | Auditor | $11,200 | — | $11,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,200
- Estimated Expense Ratio: 0.002% 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 | $682,981 | $190,984 | $1,500 | $11,200 | — |
| 2023 | $513,037 | $155,912 | $300 | $10,700 | — |
| 2022 | $526,969 | $127,122 | — | — | — |