On Semiconductor 401(k) match, vesting and fees
What On Semiconductor's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2023 medians for 288 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| On Semiconductor: employer contribution per participant | $3,398 | |
| Peer median | $2,871 |
| On Semiconductor: average balance | $185,454 | |
| Peer median | $104,164 |
| On Semiconductor: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.4B at the end of plan year 2021 to $1.2B at the end of plan year 2023.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2023 | 6,525 | $1.2B | $22M | $3,398 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 5,876 | $1.1B | $17.9M | $3,089 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 5,728 | $1.4B | $16.5M | $2,917 | 0.05% | Not published | Form 5500 ↗ |
Other On Semiconductor plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Onsemi Union Savings and Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P C (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does On Semiconductor match 401(k) contributions?
The match terms for the Onsemi 401(k) Plan have not been published from its filing yet. The plan year 2023 filing reports $22M in employer contributions, about $3,398 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the On Semiconductor 401(k) match vested?
The vesting schedule for the Onsemi 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the On Semiconductor 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Fidelity Investments Institutional. The plan administrator is On Semiconductor Corporation.
I left On Semiconductor. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (On Semiconductor Corporation, (602) 244-6600) or the recordkeeper, Fidelity Investments Institutional. The On Semiconductor old 401(k) page lists the contacts from every plan filing. Find an old On Semiconductor 401(k)
Data from the public Form 5500 annual reports On Semiconductor filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with On Semiconductor. Not financial advice. Report a correction · Methodology