401(k) · DOL Form 5500 · 2023

Wolfspeed, Inc. 401(k) Plan

Data updated 2026-08-25

$449M
Total assets Above avg plan size
4,065
Participants Above avg headcount
97th
Percentile by assets National rank
$110,386
Avg per participant Below avg balance/head
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Official DOL plan name: Wolfspeed, Inc. 401(k) Plan · Sponsored by Wolfspeed, Inc. · North Carolina · Manufacturing

$449M in assets, 4,065 participants

Wolfspeed, Inc.'s Wolfspeed, Inc. 401(k) Plan reported $449M in total assets and 4,065 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,876 in Manufacturing (18,722 peers)

Coverage in North Carolina

Wolfspeed, Inc. 401(k) Plan covers 4,065 participants in North Carolina, 5.0x the typical North Carolina plan (state average ~819 per filing). Assets: $449M.

#17,876
in Manufacturing (18,722 peers)
+22.8%
assets growth YoY
4.5×
vs typical plan assets (national mean)

Wolfspeed, Inc. 401(k) Plan's outsized position by total assets

Wolfspeed, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$448,719,675 Top 3% higher than 97% of 127,068 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 2023

Wolfspeed, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Wolfspeed, Inc. 401(k) Plan lands in the large band (4,065 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Wolfspeed, Inc. 401(k) Plan reported net income rose from -$59M in the plan year 2022 filing to $83M in the plan year 2023 filing.
  • Wolfspeed, Inc. 401(k) Plan end-of-year assets rose from $365M in the plan year 2022 filing to $449M in the plan year 2023 filing.
  • Wolfspeed, Inc. 401(k) Plan reported participants rose from 3,365 in the plan year 2022 filing to 4,065 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 561572719 · Wolfspeed, Inc. PY 2023 · 401(k)

Wolfspeed, Inc. 401(k) Plan · $449M · 4,065 · 97th

  • NET $449M
  • NET 4,065
  • NET 97th
  • NET 401(k)
  • NET near California Resources Corporation Savings Plan
  • NET ind #17876

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 North Carolina →

Wolfspeed, Inc. 401(k) Plan in the asset neighbourhood

Wolfspeed, Inc. 401(k) Plan$449MCalifornia Resources Corporation Savings PlanCalifornia Resources Corpora…$449MDirectv Retirement Savings PlanDirectv Retirement Savings P…$449MVermeer Corporation 401(k) Retirement PlanVermeer Corporation 401(k) R…$448MMcfarland Clinic, P.C. 401(k) Profit Sharing PlanMcfarland Clinic, P.C. 401(k…$448M
End-of-year total assets ($M) among Wolfspeed, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$365M
Net Assets (End of Year)$449M
Net Income$83M
Employer EIN561572719
Plan Effective Date1992-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Wolfspeed, Inc.)

Sponsor-wide plan assets over time

All Wolfspeed, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$505M 38.20745264939776% vs 2022
2024 filing year
$350M$400M$450M$500M$550M 202220232024 $365M $505M ▲ +38.2%
Year Plans Participants Total Assets
2022 1 3,365 $365M
2023 1 4,065 $449M
2024 1 4,437 $505M

Nearby 401(k) Plans in North Carolina

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

Wolfspeed, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Wolfspeed, Inc. 401(k) Plan, Total assets ($B): 0.448719675 · Participants: 4065Wolfspeed, Inc. 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Wolfspeed, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Wolfspeed, Inc. 401(k) Plan side-by-side with 3 peers →

Wolfspeed, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is California Resources Corporation Savings Plan in CA ($449M); by covered participants it is Bcd Travel USA LLC Profit Sharing Retirement Plan in GA (4,065 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($449M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,065 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Wolfspeed, Inc. 401(k) Plan assets move in 2023? ▼
Wolfspeed, Inc. 401(k) Plan grew sharply - up 22.8% during 2023, from $365M to $449M. Reported net income was $83M.
How have Wolfspeed, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Wolfspeed, Inc.'s sponsor-wide assets grew 38.2%, from $365M to $505M.
Where does Wolfspeed, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Wolfspeed, Inc. 401(k) Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Wolfspeed, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is California Resources Corporation Savings Plan in CA ($449M, 1,090 participants).
Which 401(k) plans cover a similar participant headcount to Wolfspeed, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bcd Travel USA LLC Profit Sharing Retirement Plan in GA (4,065 participants, $409M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561572719.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.