Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

MICROCHIP TECHNOLOGY INCORPORATED

This Profit Sharing plan holds $1.4B in total assets and serves 6,751 participants as of 2023. It is sponsored by MICROCHIP TECHNOLOGY INCORPORATED in Arizona. The plan reported positive net income of $279M for the year.

Total Assets (2023)
$1.4B
Participants
6,751
State
Industry
Manufacturing

What the Filing Says About MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN

MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN is a Profit Sharing retirement plan sponsored by MICROCHIP TECHNOLOGY INCORPORATED, headquartered in Arizona. As of the 2023 Form 5500 filing, the plan reports $1.4B in total end-of-year assets and covers 6,751 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 860629024, and the plan has been effective since 1989-03-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.1B at the beginning of 2023 to $1.4B at year-end — a gain of 24.8%. Net assets (after liabilities) closed the year at $1.4B, with reported net income of $279M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.1B
Total Assets (End of Year)$1.4B
Net Assets (End of Year)$1.4B
Net Income$279M
Plan TypeProfit Sharing
Employer EIN860629024
Plan Effective Date1989-03-31
Filing StatusFILING RECEIVED

Sponsor Plan History (MICROCHIP TECHNOLOGY INCORPORATED)

Year Plans Participants Total Assets
2022 1 6,310 $1.1B
2023 1 6,751 $1.4B
2024 1 7,051 $1.6B

Nearby Profit Sharing Plans in Arizona

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Frequently Asked Questions

How much money is in the MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN?
As of the 2023 Form 5500 filing, MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN holds $1.4B in total assets with 6,751 participants. It is sponsored by MICROCHIP TECHNOLOGY INCORPORATED.
What type of plan is MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN?
MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN is a Profit Sharing plan. It has been effective since 1989-03-31. The plan is filed with the U.S. Department of Labor under EIN 860629024.
Who sponsors the MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN?
MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN is sponsored by MICROCHIP TECHNOLOGY INCORPORATED, located in Arizona. The sponsor's EIN is 860629024 and the plan operates in the Manufacturing industry.
How did MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN perform in 2023?
MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN grew by 24.8% during 2023, moving from $1.1B to $1.4B in total assets. Net income was $279M.
Where can I find official filings for MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN?
Official Form 5500 filings for MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 860629024 or plan name at efast.dol.gov.
How does MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN compare to other plans?
You can compare MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN against other Profit Sharing plans on the plan type page, or view plans in Arizona on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 860629024.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.