Plan Snapshot
- Plan Sponsor: Canoo Technologies INC.
- Sponsor EIN: 823375874
- Sponsor Address: 919 N. MARKET STREET, WILMINGTON, DE, 19801
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 132 | $20.6M | $0 | $3.1M |
| 2023 | 650 | $21.6M | $0 | $5.2M |
| 2022 | 815 | $15.7M | $838 | $6.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SEE ATTACHED REASONABLE CAUSE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $92,339 | $5,000 | — | — | — |
| 2024 | $60,613 | $5,833 | — | — | — |
| 2023 | $46,748 | $5,000 | — | — | — |
| 2022 | $40,240 | — | — | — | — |