Plan Ledger DOL Form 5500 · updated monthly

Skyworks, LLC401(k)

SKYWORKS, LLC 401(K) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Skyworks, LLC reported $27,850 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,643 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 0.17% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,266th-largest of 5,648 plans among New York employers on file, and the 561st of 2,096 in real estate & leasing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 437 to 598 since 2022.

Plan summary
Net assets, end of year$23,713,510
Participants with balances376
Active participants598
Employer contributions$982,478
Employee contributions$2,187,088
Employer contribution per active participant$1,643
Average account balance$63,068
Benefits paid to participants$2,850,683
Plan auditUnmodified (clean) audit opinion
AuditorTHE ZLC GROUP CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 376 accts · $982K emplr
2023$20.2M · 354 accts · $869K emplr
2022$14.8M · 318 accts · $679K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,850
Total administrative$27,850
The Skyworks, LLC 401(k) match · 2024
Employer contribution per active participant$1,643
Median for plans this size$2,416
2024$1,643 per active participant
2023$1,678 per active participant
2022$1,554 per active participant

Skyworks, LLC's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$27,850 · 0.13%
2023$28,768 · 0.16%
2022$26,344 · 0.17%
Same employer
Similar plansReal Estate & Leasing · New York
Conifer Realty LLC NY$24.6M · 0.62%
Rockrose Development, LLC NY$24.5M · 0.18%
View the Space, Inc. NY$24.5M · 0.05%
Westminster Management, LLC NY$23.5M · 0.67%
Peco Pallet Inc. NY$23.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161560664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.