Skyworks, LLC 401(k) Review & Grade
Skyworks, LLC 401(k) Plan
Buffalo, NYReal Estate & Rental558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,762Employer $ per active participant
$3,923Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
$63,068Average balance per account
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 68th |
| Employee saving | 53th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Skyworks put in about $1,762 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $982,478 |
| Participant (employee) contributions | $2,187,088 |
| Other contributions (incl. rollovers in) | $305,763 |
| Administrative expenses paid from the plan | $27,850 |
| Contract administrator fees | $27,850 |
| Benefits paid out | $2,850,683 |
| Net assets, start / end of year | $20.2M / $23.7M |
| Active participants, start / end of year | 517 / 598 |
| Participants with account balances | 376 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The ZLC Group Cpas, LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125131NAL0001993632001, received 2025-10-13, EIN 16-1560664, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.