Employers › On Semiconductor

On Semiconductor 401(k)

ON Nasdaq
Manufacturing
Scottsdale, AZ
EIN 36-3840979
2 plans with Schedule H financials
Plan year 2023
On Semiconductor Corporation
SEC registrant On Semiconductor Corp

Recordkeeping fees per participant · largest plan, Onsemi 401(k) Plan · plan year 2023

$60.33

Higher than 94% of the 681 plans over $1B that report it.

Source

= $391,164 / 6,484
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241015103654NAL0029273905001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015103654NAL0029273905001, received 2024-10-15

10th: $7.24median $34.1290th: $54.96

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-15.

Largest plan, all six figures: Onsemi 401(k) Plan

Recordkeeping fees per participantheadline

$60.33

10th: $7.24median $34.1290th: $54.96

Higher than 94% of the 681 plans over $1B that report it.

Source

Administrative expenses excluding investment management, per participant

$60.33

10th: $10.75median $44.2090th: $94.38

Higher than 75% of the 915 plans over $1B that report it.

Source

= $391,164 / 6,484
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015103654NAL0029273905001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015103654NAL0029273905001, received 2024-10-15

Administrative expenses per participant

$69.53

10th: $25.30median $68.6090th: $167.89

Higher than 50% of the 947 plans over $1B that report it.

Source

= $450,838 / 6,484
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015103654NAL0029273905001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015103654NAL0029273905001, received 2024-10-15

Administrative expenses as a share of assets

0.037%

10th: 0.014%median 0.049%90th: 0.112%

Higher than 36% of the 947 plans over $1B that report it.

Source

= $450,838 / $1,202,481,653
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015103654NAL0029273905001, received 2024-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015103654NAL0029273905001, received 2024-10-15

Employer contributions per participant

$3,398

10th: $1,419median $3,65890th: $8,095

Higher than 46% of the 1,003 plans over $1B that report it.

Source

= $22,031,438 / 6,484
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015103654NAL0029273905001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015103654NAL0029273905001, received 2024-10-15

Employer share of total contributions

18.4%

10th: 19.7%median 33.3%90th: 47.6%

Higher than 7% of the 1,003 plans over $1B that report it.

Source

= $22,031,438 / $119,464,314
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015103654NAL0029273905001, received 2024-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015103654NAL0029273905001, received 2024-10-15

Plan terms, as stated in On Semiconductor Corporation's SEC filings

Employer match

“The Company has elected to match 100% of employee contributions between 0% and 4% of their salary, with an annual limit as mandated by the Internal Revenue Service.”

Form 10-K filed 2026-02-09, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2023. The plan document governs.

Plans sponsored

Plan	Assets	Participants with a balance	Headline	Year
Onsemi 401(k) Plan	$1,202,481,653	6,484	$60.33 recordkeeping fees per participant	2023
Onsemi Union Savings and Retirement Plan	$13,192,743	129	$60.12 recordkeeping fees per participant	2023

Alerts, claims and corrections

Sponsor name as filed: ON SEMICONDUCTOR CORPORATION; SEC registrant: ON SEMICONDUCTOR CORP (CIK 1097864, matched by EIN; display name from the Form 10-K cover).