# Quantumscape Battery, INC. DC Plan
Source: https://planprovider.pro/companies/quantumscape-battery-inc-plan

> Quantumscape Battery, INC.&#39;s DC plan: 825 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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