Department of Labor filing

MICROCHIP TECHNOLOGY INCORPORATED

MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

27filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,117

Reported employer contributions per active participant.

Higher than about 8% of comparable plans

#People in the filing

6,662

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$54 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 72% of comparable plans

↗Investment performance

Not available

Plan assets changed 14.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202427out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions8th percentileTypical peer $4,296 · based on 60 comparable plans

Lower reported administrative expense72nd percentileTypical peer $73 · based on 60 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MICROCHIP TECHNOLOGY INCORPORATED reported $7,442,713 in employer contributions across the plan and 6,662 active participants. That works out to $1,117 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy75%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 68.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 23.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context27/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $7,442,713
Participant contributions: $77,055,255
Other contributions: $7,971,656
Employer share of reported contributions: 8.8%
Beginning assets: $1,405,197,778
Ending assets: $1,610,270,293
Ending net assets: $1,610,270,108
Ending liabilities: $185
Total income: $339,156,622
Total expenses: $134,084,258
Administrative expenses: $493,531
Participant loans: $9,740,922

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,541

2023

$3,145

2024

$1,117

Plan-paid administrative expenses per participant

2022

$70

2023

$74

2024

$54

Active participants

2022

6,751

2023

7,051

2024

6,662

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,117	6,662	1.6B	20251006173014NAL0002068067001
2023	$3,145	7,051	1.4B	20241009125801NAL0018322801001
2022	$3,541	6,751	1.1B	20231009174502NAL0017207379001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 860629024-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Mar 31, 1989
Industry: Industry group 334
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2T2F3D2R3H2K2G2J

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251006173014NAL0002068067001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗