# Wolfspeed, INC. 401(k) Plan
Source: https://planprovider.pro/companies/wolfspeed-inc-401k-plan

> Wolfspeed, INC.'s 401(k) plan: 4,007 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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