Infineon Technologies Americas Corp. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Infineon Technologies Americas Corp. 401(k) Plan Facts (plan year 2021)

Plan name
INFINEON TECHNOLOGIES SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
INFINEON TECHNOLOGIES AMERICAS CORP.
Participants
3,796 (3,828 active employees)
Former employees with a balance
2,450
Plan assets
$1,545,890,787 at Dec 31, 2021
Average account balance
$246,593 across 6,269 accounts
Employer contributions
$39,696,196 in plan year 2021 (42% of all contributions)
Recordkeeper
Schwab Retirement Plan Svc, Inc
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 2001
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 13, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $94.3 million went into the plan in contributions, $39.7 million of it from the employer (42%).
  • $92.1 million was paid out to participants.
  • Investment and other income added $176.1 million.
  • Administrative expenses were $203,900, about $33 per account.

How the Infineon Technologies Americas Corp. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20161,488$472.3 million$15.6 million$20.8 million
20173,558$565.6 million$15.9 million$29.8 million
20183,394$527.4 million$16.9 million$51.9 million
20193,376$641.2 million$16.8 million$46.1 million
20203,398$781.1 million$17.9 million$37.4 million
20213,796$1.55 billion$39.7 million$92.1 million

Infineon Technologies Americas Corp. 401(k) Contact Information

Phone
408-503-2667
Mailing address
640 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Plan sponsor
INFINEON TECHNOLOGIES AMERICAS CORP.
Employer identification number (EIN)
95-1528961
Plan number
002

Questions about the Infineon Technologies Americas Corp. 401(k)

Is the Infineon Technologies Americas Corp 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Infineon Technologies Americas Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $39.7 million, 42% of all contributions.

Does the Infineon Technologies Americas Corp 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Infineon Technologies Americas Corp 401(k) plan?

3,796 participants at the start of plan year 2021, 3,828 of them active employees, and 2,450 former employees who still had money in the plan.

What is the average 401(k) balance at Infineon Technologies Americas Corp?

About $246,593 per account: $1.55 billion in plan assets across 6,269 accounts with a balance at the end of plan year 2021.

Who manages the Infineon Technologies Americas Corp 401(k) accounts?

Schwab Retirement Plan Services (listed on the filing as SCHWAB RETIREMENT PLAN SVC, INC) is the plan's recordkeeper, which is where participants log in to see their balance.

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Headquarter: 640 NORTH MCCARTHY BOULEVARD, MILPITAS, CA, 95035
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