Plan Ledger DOL Form 5500 · updated monthly

Cirrus Logic, Inc.401(k)

CIRRUS LOGIC, INC. 401(K) PROFIT SHARING PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.01%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Cirrus Logic, Inc. reported $31,119 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,953 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.013% to 0.009%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 247th-largest of 5,688 plans among Texas employers on file, and the 714th of 13,661 in manufacturing. In 2024, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$373,376,068
Participants with balances1,680
Active participants1,101
Employer contributions$6,554,429
Employee contributions$20,484,213
Employer contribution per active participant$5,953
Average account balance$222,248
Benefits paid to participants$17,521,584
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER LIEVENS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$373.4M · 1,680 accts · $6.6M emplr
2023$312.9M · 1,648 accts · $6.4M emplr
2022$254.3M · 1,613 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,119
Total administrative$31,119
The Cirrus Logic, Inc. 401(k) match · 2024
Employer contribution per active participant$5,953
Median for plans this size$4,294
2024$5,953 per active participant
2023$5,937 per active participant
2022$5,411 per active participant

Cirrus Logic, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$31,119

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$31,119 · 0.01%
2023$37,124 · 0.01%
2022$35,801 · 0.01%
Same employer
Similar plansManufacturing · Texas
Sasol USA Corporation TX$417.7M · 0.10%
Nch Corporation TX$395.5M · 0.07%
Trinity Industries, Inc. TX$385.5M · 0.13%
Cabinetworks Group, Inc. TX$367.6M · 0.22%
Maverick Tube Corporation TX$366.1M · 0.35%
Kraton Corporation TX$362.9M · 0.03%
Gruma Corporation TX$346.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770024818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.