Retirement plan

NIKOLA POWER 401(K) PLAN

Name: NIKOLA POWER CORP. - NIKOLA POWER 401(K) PLAN (2019) Form 5500
Creator: NIKOLA POWER CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIKOLA POWER 401(K) PLAN, NIKOLA POWER CORP.

NIKOLA POWER CORP.EIN 83-1329904Plan #001PY 2019

5335 MONTVIEW BLVD. - DENVER, CO 80207720-299-3994wattmore.comLinkedIn11-50 employeescomputer software

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$73K

+55.1% from 2018

Total participants

-9.1% from 2018

Average account balance

$9,087

+16.3% from 2018

Annual return

27.04%

+27.04 pp from 2018

Benchmarks

See 1,379 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,379 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$213K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

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.

233.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$30K

$2973 / participant

Other / not subdivided$30K100.0%

% of EOY assets

40.902%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,087

$102,828-91.2%

$105,387-91.4%

$152,897-94.1%

Participation rate

80.0%

83.8%-3.8pp

82.6%-2.6pp

82.5%-2.5pp

Annual return

27.04%

20.85%+6.2pp

26.82%+0.2pp

345.43%-318.4pp

Employer contribution / active EE

$1,499

$4,473-66.5%

$4,213-64.4%

$4,764-68.5%

Participant deferral / active EE

$2,697

$5,465-50.7%

$5,502-51.0%

$5,851-53.9%

Admin fee / account holder

$3,717

$8,683-57.2%

$6,559-43.3%

$11,599-68.0%

NIKOLA POWER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIKOLA POWER 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