401(k) · DOL Form 5500 · 2022

On Semiconductor Corporation 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
3,556
Participants Above avg headcount
99th
Percentile by assets National rank
$308,372
Avg per participant High balance/head
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Official DOL plan name: Onsemi 401(k) Plan · Sponsored by On Semiconductor Corporation · Arizona · Manufacturing

$1.1B in assets, 3,556 participants

On Semiconductor Corporation's Onsemi 401(k) Plan reported $1.1B in total assets and 3,556 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #20,227 in Manufacturing (20,602 peers)

Coverage in Arizona

Onsemi 401(k) Plan covers 3,556 participants in Arizona, 6.3x the typical Arizona plan (state average ~564 per filing). Assets: $1.1B.

#20,227
in Manufacturing (20,602 peers)
-20.6%
assets change YoY
11×
vs typical plan assets (national mean)

The plan reported a net loss of $284M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Onsemi 401(k) Plan's outsized position by total assets

Onsemi 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,096,569,224 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Onsemi 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Onsemi 401(k) Plan lands in the large band (3,556 participants).

Plan-year Form 5500 strip

Filing strip 363840979 · On Semiconductor Corporation PY 2022 · 401(k)

Onsemi 401(k) Plan · $1.1B · 3,556 · 99th

  • BOY $1.1B
  • BOY 3,556
  • BOY 99th
  • BOY 401(k)
  • BOY near Aerojet Rocketdyne Retirement Savings Plan
  • BOY ind #20227

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Arizona →

Onsemi 401(k) Plan in the asset neighbourhood

Onsemi 401(k) Plan$1.1BAerojet Rocketdyne Retirement Savings PlanAerojet Rocketdyne Retiremen…$1.1BGibson, Dunn & Crutcher LLP Retirement PlanGibson, Dunn & Crutcher LLP …$1.1BHanford Operations and Engineering Investment PlanHanford Operations and Engin…$1.1BSavings Program for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy Facilities at Oak Ridge, TennesseeSavings Program for Employee…$1.1B
End-of-year total assets ($B) among Onsemi 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Arizona filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.1B
Net Income-$284M
Employer EIN363840979
Plan Effective Date1999-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (On Semiconductor Corporation)

Sponsor-wide plan assets over time

All On Semiconductor Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 9.63965116782153% vs 2022
2023 filing year
$1.05B$1.1B$1.15B$1.2B$1.25B 20222023 $1.11B $1.22B ▲ +9.9%
Year Plans Participants Total Assets
2022 2 3,662 $1.1B
2023 2 3,239 $1.2B

Nearby 401(k) Plans in Arizona

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Onsemi 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants Scatter plot of 6 data points. 0200004000060000 01234 Total assets ($B) Participants Onsemi 401(k) Plan, Total assets ($B): 1.096569224 · Participants: 3556Onsemi 401(k) PlanBanner Health Employees 401(k) Plan, Total assets ($B): 3.566847679 · Participants: 50602Banner Health Employees 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 1.923226111 · Participants: 12362Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramRepublic Services, Inc. 401(k) Plan, Total assets ($B): 1.806929859 · Participants: 28320Republic Services, Inc. 401(k) PlanStantec 401(k) Plan, Total assets ($B): 1.682454193 · Participants: 8764Stantec 401(k) PlanReliance Steel & Aluminum Co. Master 401(k) Plan, Total assets ($B): 1.33677823 · Participants: 9895Reliance Steel & Aluminum Co. Master 401(k) Plan
Onsemi 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants

Onsemi 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Arizona, the nearest 401(k) by assets is Aerojet Rocketdyne Retirement Savings Plan in CA ($1.1B); by covered participants it is Utz Quality Foods, LLC Profit Sharing/401(k) Plan in PA (3,556 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,556 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Onsemi 401(k) Plan assets move in 2022? ▼
Onsemi 401(k) Plan declined sharply - down 20.6% during 2022, from $1.4B to $1.1B. Reported net income was -$284M.
How have On Semiconductor Corporation plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), On Semiconductor Corporation's sponsor-wide assets grew 9.6%, from $1.1B to $1.2B.
Where does Onsemi 401(k) Plan rank by assets among Form 5500 filers? ▼
Onsemi 401(k) Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Onsemi 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Aerojet Rocketdyne Retirement Savings Plan in CA ($1.1B, 6,668 participants).
Which 401(k) plans cover a similar participant headcount to Onsemi 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Utz Quality Foods, LLC Profit Sharing/401(k) Plan in PA (3,556 participants, $225M in assets).