Plan Snapshot
- Plan Sponsor: Faraday Future Intelligent Electric, INC.
- Sponsor EIN: 844720320
- Sponsor Address: 1990 E GRAND AVENUE, EL SEGUNDO, CA, 90245
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 555
- Total Assets: $25.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 555 | $25.7M | $0 | $0 |
| 2024 | 205 | $23.5M | $0 | $1.4M |
| 2023 | 359 | $24.9M | $0 | $4.1M |
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 |
|---|---|---|---|---|
| WORLD INVESTMENT ADVISORS LLC | Investment Advisor | $36,015 | — | $36,015 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $26,849 | — | $26,849 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,864
- Estimated Expense Ratio: 0.244% of plan assets
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 | $4,014,415 | $36,015 | — | — | — |
| 2024 | $74,479 | $36,796 | — | — | — |
| 2023 | $73,410 | $34,174 | — | — | — |