Retirement plan

QUANTUMSCAPE BATTERY, INC. 401(K) PLAN

Name: QUANTUMSCAPE BATTERY, INC. - QUANTUMSCAPE BATTERY, INC. 401(K) PLAN (2022) Form 5500
Creator: QUANTUMSCAPE BATTERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUANTUMSCAPE BATTERY, INC. 401(K) PLAN, QUANTUMSCAPE BATTERY, INC.

QUANTUMSCAPE BATTERY, INC.EIN 27-4105939Plan #001PY 2022

1730 TECHNOLOGY DRIVE - SAN JOSE, CA 95110408-452-2000quantumscape.comLinkedIn501-1000 employeesmechanical or industrial engineering

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.9M

+15.2% from 2021

Total participants

943

+62.3% from 2021

Average account balance

$40,427

-26.9% from 2021

Annual return

-13.36%

-37.99 pp from 2021

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$39.91M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$71K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

564

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

55.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.97%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$32

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8+ years Service code 13 · EIN 27-2037969	Contract Administrator	$8,906

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$10 / participant

Contract admin$9K100.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SILICON VALLEY ACCOUNTANCY CORP.
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,427

$72,303-44.1%

$86,691-53.4%

$64,814-37.6%

Participation rate

49.3%

80.4%-31.2pp

76.6%-27.3pp

71.5%-22.2pp

Annual return

-13.36%

392.77%-406.1pp

35.94%-49.3pp

32.84%-46.2pp

Employer contribution / active EE

$2,393-100.0%

$2,837-100.0%

$2,507-100.0%

Participant deferral / active EE

$6,460

$4,660+38.6%

$4,656+38.7%

$4,310+49.9%

Admin fee / account holder

$18

$174-89.6%

$7,492-99.8%

$188-90.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$8,906

QUANTUMSCAPE BATTERY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUANTUMSCAPE BATTERY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion