Plan Snapshot
- Plan Sponsor: Quantumscape Battery, INC.
- Sponsor EIN: 274105939
- Sponsor Address: 1730 TECHNOLOGY DRIVE, SAN JOSE, CA, 95110
- Plan Type: DC
- Total Participants: 825
- Total Assets: $39.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 825 | $39.9M | $0 | $7.5M |
| 2023 | 837 | $30.7M | $0 | $6.6M |
| 2022 | 889 | $19.9M | $0 | $5.7M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $17,129 | — | $17,129 |
| SILICON VALLEY ACCOUNTANCY CORP. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,129
- Estimated Expense Ratio: 0.043% 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 | $18,066 | $937 | $4,654 | — | — |
| 2023 | $10,315 | $612 | $3,727 | — | — |
| 2022 | $8,906 | — | $8,906 | — | — |