Plan Ledger DOL Form 5500 · updated monthly

Credo Semiconductor, Inc.401(k)

CREDO SEMICONDUCTOR, INC. · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.14%

Credo Semiconductor, Inc. reported $19,123 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. 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 rose from 0.12% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 4,207th-largest of 9,483 plans among California employers on file, and the 6,778th of 13,661 in manufacturing. active participation has grown from 155 to 207 since 2022.

Plan summary
Net assets, end of year$16,130,469
Participants with balances168
Active participants207
Employer contributions—
Employee contributions$3,316,157
Employer contribution per active participant—
Average account balance$96,015
Benefits paid to participants$1,005,559
Plan auditUnmodified (clean) audit opinion
AuditorFRANK RIMERMAN CO.LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 168 accts
2023$11.0M · 149 accts
2022$6.8M · 116 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$865
Investment management$18,258
Total administrative$19,123
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 · 20243
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$18,257
ADP, INC. · Loan processing · Recordkeeping$865
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP

This plan has changed recordkeepers within these filings. If you left Credo Semiconductor, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$19,123 · 0.14%
2023$455 · 0.01%
2022$8,169 · 0.12%
Same employer
Similar plansManufacturing · California
Mdc Vacuum Products, LLC CA$16.2M · 0.44%
Noritz America Corporation CA$16.1M · 0.01%
Tri-Union Seafoods, LLC CA$16.1M · 0.07%
Ingomar Packing Company CA$16.0M · 0.50%
Virtium, LLC CA$16.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472718546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.