401(k) · DOL Form 5500 · 2024
Wolfspeed, Inc. 401(k) Plan
Data updated 2026-08-06
- $505M
- Total assets
- 4,437
- Participants
- 97th
- Percentile by assets
- $113,790
- Avg per participant
Official DOL plan name: Wolfspeed, Inc. 401(k) Plan · Sponsored by Wolfspeed, Inc. · North Carolina · Manufacturing
$505M in assets, 4,437 participants
Wolfspeed, Inc.'s Wolfspeed, Inc. 401(k) Plan reported $505M in total assets and 4,437 participants in its 2024 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 116,472 plans)
- #16,126 in Manufacturing (16,886 peers)
Coverage in North Carolina
Wolfspeed, Inc. 401(k) Plan covers 4,437 participants in North Carolina, 5.2x the typical North Carolina plan (state average ~846 per filing). Assets: $505M.
- $505M
- total plan assets (2024 EOY)
- 4,437
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $113,790
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Wolfspeed, Inc. 401(k) Plan reported net income fell from $83M in the plan year 2023 filing to $56M in the plan year 2024 filing.
- Wolfspeed, Inc. 401(k) Plan end-of-year assets rose from $449M in the plan year 2023 filing to $505M in the plan year 2024 filing.
- Wolfspeed, Inc. 401(k) Plan reported participants rose from 4,065 in the plan year 2023 filing to 4,437 in the plan year 2024 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Wolfspeed, Inc. 401(k) Plan reports 4,437 participants - 5.2x that state average ($505M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $449M |
|---|---|
| Net Assets (End of Year) | $505M |
| Net Income | $56M |
| Employer EIN | 561572719 |
| Plan Effective Date | 1992-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wolfspeed, Inc.)
| 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 $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
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.
- Holt Companies Retirement Plan (TX) $505M · 4,257
- H. Lee Moffitt Cancer Center & Research Inst, Inc. Retire Plan (FL) $505M · 6,978
- Kroll 401(k) Retirement Savings Plan (NY) $505M · 2,018
- The Plymouth Rock Companies Savings and Investment Plan (MA) $505M · 1,890
Frequently Asked Questions
How did Wolfspeed, Inc. 401(k) Plan assets move in 2024? ▼
How have Wolfspeed, Inc. plan assets changed over time? ▼
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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