401(k) · DOL Form 5500 · 2023

Wolfspeed, Inc. 401(k) Plan

Data updated 2026-08-11

$449M
Total assets: 4,065
Participants: 97th
Percentile by assets: $110,386
Avg per participant

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.

97th percentile by assets (of 127,072 plans)
#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.

$449M
total plan assets (2023 EOY): 4,065
covered participants: 97th
percentile by assets (of 127,072 plans): $110,386
avg assets per participant

Where Wolfspeed, Inc. 401(k) Plan sits 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

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 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 →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Wolfspeed, Inc. 401(k) Plan reports 4,065 participants - 5.0x that state average ($449M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$365M
Net Assets (End of Year)	$449M
Net Income	$83M
Employer EIN	561572719
Plan Effective Date	1992-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Wolfspeed, Inc.)

Total plan assets by year, all Wolfspeed, Inc. plans on file

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

The Bank of America 401(k) Plan $54.8B · 173,899
Honeywell 401(k) Plan $15.4B · 40,004
Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare Wolfspeed, Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Wolfspeed, Inc. 401(k) Plan by total assets, not by location.

California Resources Corporation Savings Plan (CA) $449M · 1,090
Directv Retirement Savings Plan (CA) $449M · 9,506
Vermeer Corporation 401(k) Retirement Plan (IA) $448M · 3,762
Mcfarland Clinic, P.C. 401(k) Profit Sharing Plan (IA) $448M · 1,396

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).

Next read for Wolfspeed, Inc. 401(k) Plan

Filing takeaways

Ways to act on Wolfspeed, Inc. 401(k) Plan's numbers.

By total assets, Wolfspeed, Inc. 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Wolfspeed, Inc.'s sponsor-wide assets have grown 38.2% since 2022 across 3 plan years on file. More Manufacturing plans

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.