Karma Automotive LLC Retirement Plan — Form 5500 plan (Karma Automotive LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Karma Automotive LLC Retirement Plan is a benefit plan reported by Karma Automotive LLC under EIN 46-5065972 and plan number 001. The latest loaded filing year is 2023. The filing reports 668 participants and $32,042,899 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Karma Automotive LLC
- EIN
- 46-5065972
- Plan number
- 001
- Plan type
- 2
- Location
- Irvine, CA
- Latest filing year
- 2023
- Participants
- 668
- End-of-year plan assets
- $32,042,899
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 668 | H, C | 20241014164144NAL0046844736001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,042,899
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,042,899
- Net assets (BOY)
- $27,428,063
Income & contributions
- Employer contributions
- $751,147
- Participant contributions
- $2,566,222
- Total contributions
- $3,838,588
- Total income / additions
- $8,758,119
Expenses & distributions
- Benefits paid
- $4,073,964
- Administrative expenses
- $66,878
- Total expenses
- $4,143,283
- Net increase / (decrease)
- $4,614,836
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $37,878 | $0 | 2023 |
| Bfsg, LLC | CONSULTANT | $15,000 | not reported in the loaded dataset | 2023 |
| Pension Assurance Llp | ACCOUNTANT/AUDITOR | $14,000 | not reported in the loaded dataset | 2023 |