INFINEON TECHNOLOGIES AMERICAS CORP. has sponsored the creation of one or more 401k plans.
Additional information about INFINEON TECHNOLOGIES AMERICAS CORP.
Measure | Date | Value |
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2022: INFINEON RETIREMENT PLAN 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 39,952,067 |
Acturial value of plan assets | 2022-12-31 | 38,993,107 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 20,597,677 |
Number of terminated vested participants | 2022-12-31 | 127 |
Fundng target for terminated vested participants | 2022-12-31 | 6,451,895 |
Active participant vested funding target | 2022-12-31 | 1,431,010 |
Number of active participants | 2022-12-31 | 20 |
Total funding liabilities for active participants | 2022-12-31 | 1,441,243 |
Total participant count | 2022-12-31 | 302 |
Total funding target for all participants | 2022-12-31 | 28,490,815 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 8,480,680 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 468,960 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 8,011,720 |
Present value of excess contributions | 2022-12-31 | 413,595 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 434,657 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 8,316,967 |
Total employer contributions | 2022-12-31 | 518,056 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 500,722 |
Liquidity shortfalls end of Q1 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2022-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 30,000 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 47,998 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 500,722 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 302 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 18 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 146 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 124 |
Total of all active and inactive participants | 2022-01-01 | 288 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 13 |
Total participants | 2022-01-01 | 301 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
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2022 : INFINEON RETIREMENT PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-8,444,072 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,252,746 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,228,281 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $518,056 |
Value of total assets at end of year | 2022-12-31 | $29,255,248 |
Value of total assets at beginning of year | 2022-12-31 | $39,952,066 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $24,465 |
Total interest from all sources | 2022-12-31 | $553,989 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $733,660 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $733,660 |
Administrative expenses professional fees incurred | 2022-12-31 | $24,465 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $450,943 |
Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $441,483 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $78,568 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $82,175 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-10,696,818 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $29,255,248 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $39,952,066 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $28,725,737 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $39,428,408 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $553,989 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-10,249,777 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $518,056 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,228,281 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | FORVIS, LLP |
Accountancy firm EIN | 2022-12-31 | 440160260 |