Plan Snapshot
- Plan Sponsor: Fisker Group INC.
- Sponsor EIN: 813883342
- Sponsor Address: 10 BANK STREET SUITE 1100, WHITE PLAINS, CA, 10606
- Plan Type: 401(k)
- Total Participants: 2
- Total Assets: $12
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 2 | $12 | $0 | $3.1M |
| 2023 | 792 | $10.5M | $0 | $4.4M |
| 2022 | 516 | $4.7M | $0 | $2.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $119,884 | — | $119,884 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,599 | — | $11,599 |
| MMA SECURITIES LLC | Investment Advisor | $6,211 | — | $6,211 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,694
- Estimated Expense Ratio: 1147450.000% 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 |
|---|---|---|---|---|---|
| 2024 | $137,694 | $17,810 | — | — | — |
| 2023 | $11,355 | $5,902 | — | — | — |
| 2022 | $3,602 | $2,462 | $1,140 | — | — |